Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

401K Match

Do you get the 401K match if you are out on medical disability on December 15th?

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| 544 views | | 2 replies (last November 8, 2024)
Post ID: @OP+1vnbw9q5

Oregon Closures

Not anything new but in the press. nonetheless https://oregonbusiness.com/wells-fargo-to-close-portland-hillsboro-salem-offices/

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| 720 views | | 2 replies (last November 10, 2024)
Post ID: @OP+1vmkgVfJ

Charlotte #2 worst traffic in US

Not that we didn’t already know that Charlotte traffic is a nightmare. If only there was some way to elieviate the problem. Hmm. Nah. We will just make them p-e in the dark and claim we are... — read more 

60 day working notice

Is everyone impacted by location strategy having to work their entire 60 day notice? Or are some groups doing 30 day working and 30 day non-working or 45 and 15? I know it is supposed to be at manager discretion, but it seems for my group the... — read more 

COBRA paperwork

Severance packet said COBRA packet would arrive a month before WF-covered medical runs out. I'm 2 weeks away from medical ending and still haven't rec'd packet. Tried calling 3 times and sat on hold forever - gave up. Any word on when the COBRA... — read more 

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| 590 views | | 4 replies (last November 6, 2024)
Post ID: @OP+1vl8Da2U

New Cloud MFA

For the last few weeks I have been required to do Azure MFA multiple times a day. It's very hard to remain productive even before this burden and now with this requirement forced upon me it kicks me out of office applications and even teams meetings... — read more 

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| 840 views | | 9 replies (last November 8, 2024)
Post ID: @OP+1vlx36og

Sooo.....

Wells Fargo increases the job salary ranges so their old salary will fall within the range of that of their new and upgraded position? Not cool Charlie..

by
| 930 views | | 3 replies (last November 6, 2024)
Post ID: @OP+1vl7CuB5

Severance

Is one notified they won’t be receiving their severance or do the paychecks just not appear?

by
| 750 views | | 7 replies (last November 8, 2024)
Post ID: @OP+1vkG6jhA

Returning laptop and equipment after layoff

Many in our area got laid off a few weeks ago, but have yet to see an email or packing slip on returning my laptop, badge, or any other equipment to those laid off. The severance package says you need to return equipment within 14 days. The... — read more 

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| 1220 views | | 6 replies (last November 4, 2024)
Post ID: @OP+1vkoL5f6

Severance

Is severance paid out weekly or can you lump sum payout?

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| 670 views | | 3 replies (last November 5, 2024)
Post ID: @OP+1vk4aNn7

&Partners

We at WFA have seen a number of FAs leaving for this startup founded by ex-WFA execs. Anyone have the scoop on this company? Worth looking into home office employment opportunities?

Banking Fees

What outrageous fees can I expect when I no longer receive the employee benefits from banking with WF? Wondering if I should be proactive & withdraw all my money now.

RTO reports

I know these vary by business group, but are they six-week or eight-week rolling averages? I am leaving the company after bonus, so I am trying to figure out when it’s safe for me to stop going in.

Risk and compliance Layoffs starting

News started spreading after the town hall that layoffs were starting soon and some were already offered relocation, some people were moving already or about to start moving. Anyone heard anything or can confirm, Which locations going?

Severance

Has anyone lost out on severance by some technicality? I’ll be expecting mine in a couple weeks & I am stressed that WF will somehow not pay me.

Health Plan Rates increase 20-35% for 2025

I don't know about the area you are in but in my area the Health Plan Rates increase 20-35% for 2025 depending on the plan. People on medicare pay less and have better coverage.

Wells Fargo announces more metro layoffs

Iowa Worker Adjustment and Retraining Notification (WARN) reports that 32 workers will be laid off in late December. This brings the total number of workforce reductions in the metro to 334 this... — read more 

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| 1020 views | | 4 replies (last November 2, 2024)
Post ID: @OP+1vhqcCZW

The need to further drive efficiencies and cost-cutting is vital. The time has come for executives to put their money where their mouth is:

EXECUTIVE OFFSHORING For years now, the Senior Executives have touted the substantial benefits of offshoring US jobs. That being so, offshoring should be embraced at every level of the organization. The next logical step is to export the jobs of... — read more 

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| 1150 views | | 7 replies (last November 1, 2024)
Post ID: @OP+1vgeUSnO

This week's layoff count

Looks like 500-600 more got downsized this week, with almost all of them in COO. Very little impacted on the other groups this particular round. As usual, F SP. Worst WF employee in history.

Toxic boss

My boss used to be amazing but after a long, nonstop crazy amount of work within a year, I was burnt out and started doing things I normally don't. I had my 1:1 and spoke with her. She took everything personally and now after to get me. She talks... — read more 

Salary adjustment for promotion

Can someone explain the salary adjustment for a promotion. Some people are saying none and others are saying you get one but only at year end. Huh? So what happens if you get a promotion in March? Is this the same for taking a new role that’s a jump... — read more 

Protracted relo anxiety

I understand that relocation will continue into next year. I’m not among those noticed already, but I expect to be at some point. I just wish I’m done with making that decision and can move on. I do not have dependents, so the decision is just on me... — read more 

Reflecting today!

Reflecting on a coworker who didn’t inform anyone about his retirement; he simply finished his last day and left without returning. 🚀

WFA

So it looks like they are moving away from "divisional" compliance people sitting wherever they want in the Division. Now they are making people reapply for their jobs and must sit in their complex. Whats the reason?

Speciality Locations meaning

Anyone knows what do they mean when they say Speciality market locations? Are they going to be closed as well? No trolls please, or insensitive jokes, people and families are already going through a lot.

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