Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Severance Pay Schedule

Does anyone know what the severance pay schedule is if layoff date was 11/15 (non-working notice 9/17)? On 11/15, I received higher than normal pay, which I assumed was unused PTO, plus the start of severance. It was off-cycle, and I didn't get... — read more 

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| 850 views | | 3 replies (last December 2, 2024)
Post ID: @OP+1vJ2rN27

What bonus?!

I’ve always done QA but in Roanoke and any job I’ve never gotten a bonus since 2005. Or cost of living..

by
| 830 views | | 8 replies (last December 1, 2024)
Post ID: @OP+1vIzFGPi

Looking for a fresh start

I’m over being stuck at Wells Fargo. I’ve been hunting for something new, but the job market’s been tough. Despite that, I’m determined to leave before next year. I need to get away from this toxic culture that’s drained me. Merit doesn’t seem to... — read more 

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| 870 views | | 5 replies (last November 29, 2024)
Post ID: @OP+1vIb4Pey

DEI thread removed, but not right awsy

It sat around yesterday for hours and to my eye didn’t have any problematic content. Not my thread. How does editing by TheLayoff even work? How do they decide? Does WF secretly get live item veto under threat of slander suits? I can’t remember if... — read more 

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| 810 views | | 6 replies (last December 3, 2024)
Post ID: @OP+1vHMrPwB

Forced inconsistently meets

Buckle up everyone! 2025 is going to be more exciting than ever! Prepare for more dishonest performance reviews and an increasingly toxic culture shift as managers look to find ways to give inconsistently meets for 10% of their teams, regardless of... — read more 

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| 1400 views | | 8 replies (last December 10, 2024)
Post ID: @OP+1vHo8Vpx

Accommodations

Is it worth submitting an accommodation for a renewal? I hear they are just denying them but then I hear of a couple people getting them approved. Don’t know if I want to waste my time & deal with more stress. Or does it really just depend on your... — read more 

New York New Jersey hub

I am software engineer in east coast area. Should I worry layoff? Is it core hub?

by
| 780 views | | 8 replies (last December 3, 2024)
Post ID: @OP+1vHXKYJl

Let go today

My manager laid me off today. What a surprise right before thanksgiving. Su-ks. LOB is Technology.

Location Strategy 2025

Anyone have ANY legit info about location strategy for 2025 (other than it will occur)?

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| 1620 views | | 8 replies (last November 29, 2024)
Post ID: @OP+1vGTuLRS

Going Forward

Wells Fargo is a different company today than when I arrived. During my tenure, we have driven a tremendous amount of change and progress and established a much stronger risk management and operational foundation. We have changed our leadership... — read more 

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| 2030 views | | 13 replies (last November 30, 2024)
Post ID: @OP+1vGzPrDK

FLIV being broken up?

I see the FLIV team is going to be absorbed by EBCE, BCM and IT&V . They just created this team 3 years ago- always moving things around like a game of chess.

'Hudson Yards Holiday Season'

Top "article" on Teamworks....do these ostriches even know the vast majority of the Company is nowhere near Hudson Yards, nor even remotely gives a sh--e?

RTO increases personal expenses

And not by a small margin. What it definitely doesn’t improve are productivity, cooperation or efficiency. I know they want most of us gone, but couldn’t they’ve done it in a more efficient and less expensive way for all parties involved? A lot of... — read more 

CIB Chief Risk Officer is leaving

What is the real reason ? The timing is bad given that wells is trying its best to lift the asset cap. This can’t be good news from a reputational perspective. Something dosent seem right.

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| 1390 views | | 7 replies (last November 27, 2024)
Post ID: @OP+1vFMl8jw

Don't lift Wells Fargo asset cap, Warren tells Fed

https://www.bankingdive.com/news/warren-wells-fargo-asset-cap-fed-powell-barr-letter/733625/ Pocahontas has spoken!! The bank's OCC order, citing anti-money laundering deficiencies, and a court case over alleged sham interviews prove Wells hasn't... — read more 

Thanksgiving week

I would hope there wouldn’t be layoffs tomorrow during a Holiday week

by
| 1450 views | | 9 replies (last November 26, 2024)
Post ID: @OP+1vFreZH4

Happy Holidays

As we navigate these challenging times, I want to take a moment to express our sincere gratitude for your hard work, dedication, and the critical role you continue to play in our organization. To show our appreciation, we are sending you a tin of... — read more 

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| 1220 views | | 10 replies (last November 26, 2024)
Post ID: @OP+1vFDhI69

BBG employees with Executive Director titles.

Super lame how WF gave the blanket title of Executive Director to basically everyone, regardless of qualifications. They wiped put SVP, etc. But now BBG (now EMM) used carsalemen are "Executive Directors." What a joke.

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| 750 views | | 6 replies (last November 26, 2024)
Post ID: @OP+1vFAVvJ5

Lazy

A piece of foam floating down a lazy river. Nepotism at its best

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| 820 views | | 6 replies (last November 25, 2024)
Post ID: @OP+1vEXM9e3

401K limit

Does empower automatically cut off excess 401K contributions ?

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| 1230 views | | 8 replies (last November 24, 2024)
Post ID: @OP+1vDSj9IP

Unemployment after severance

Does anyone have experience or advice to share about applying for unemployment benefits after severance ends? Does WF deny these unemployment claims? Can not fulfilling RTO requirements (the reason for being displaced) be a reason for denying... — read more 

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| 1470 views | | 6 replies (last November 26, 2024)
Post ID: @OP+1vCWglSx

The best LinkedIn post I've read in a long while

"No one wants to work. Our turnover is terrible." Did you give raises over 7%, the rate of inflation, so workers got ahead? "No" Did you give larger raises and bonuses to execs than others? "Well, yes, but..." Did you ask people to pick up slack for... — read more 

Where would you look for a job outside banking?

I’ve been in banking for 15 years, and have changed three banks. I want to leave WF and the industry. I’ve been trying to think outside the box, and have been sending out resumes to smaller companies, some insurances, and even applying for government... — read more 

Warren's letter ...

https://www.bankingdive.com/news/warren-wells-fargo-asset-cap-fed-powell-barr-letter/733625/

Any laid off people going back to WF?

For laid off people or coworkers of people laid off, are you/they coming back to WF? I personally know of only 1 person that came back and that was to maintain PTO and benefits.

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