Do you get the 401K match if you are out on medical disability on December 15th?
Oregon Closures
Not anything new but in the press. nonetheless https://oregonbusiness.com/wells-fargo-to-close-portland-hillsboro-salem-offices/
Have remote work etc influenced and increased layoffs in recent years?
I am thinking they would love to get rid of all remote people. Or they hate that people are working from home. Seems that the management just hates remote work and RTO will be pushed even more.
How does the stock price typically react once layoffs are announced?
Has anyone been tracking this? How does the stock price typically react once layoffs are announced? Is there a pattern and if there is do you have details... the common sense is that the stock value/price will go up if a cut is announced as the... — read more
Job title and salary
Let’s hear it..so the majority of us can see how underpaid we are.
Wells Fargo Layoffs 2025
Is there going to be any reorg or Wells Fargo layoffs? Any chatter, news or rumors?
https://news.bloomberglaw.com/banking-law/wells-fargo-union-set-to-begin-closely-watched-contract-talks
Oh please let me sit on the employee side of the table for these negotiations. The first thing I would do is vow to show the same level of fairness, ethics, respect, trust, appreciation and honesty as Wells Fargo Executives have (not) shown to... — read more
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
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
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..
Severance
Is one notified they won’t be receiving their severance or do the paychecks just not appear?
Wholesale jettison of some itself to CSBB - delayed (canceled?)
Announced in Jun ‘23 pending new SB leader Feb ‘24 and mos of run-up… to a hollow doublespeak announcement that oh wait not November (and who TF knows when/how/ever). Apparently we can’t manage our way out of a paper bag.
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
Severance
Is severance paid out weekly or can you lump sum payout?
A post below claims surprise there is a lack of legal action being reported (by employees) against WFC.
A few of the comments suggest that a lack of legal action is somehow proof that Wells Fargo must not be a toxic work environment. This is a poorly veiled attempt to discredit/minimize employees’ legitimate complaints regarding Charlie’s consistent... — read more
&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.
Surprised by a lack of legal action being reported against WFC
I am surprised that with all the toxicity being reported the Bank isn’t being sued more for violating labor laws. Is the Bank management just careful or are employees simply not pushing back, or a combination of both? I see a couple of cases, but not... — read more
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
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
Did they get rid of PTO by the hour?
I used to be able to select the number of hours since 4hrs counted as in office.
Wells Fargo announces yet another round of layoffs at Jordan Creek campus
https://www.desmoinesregister.com/story/money/business/2024/10/30/wells-fargo-layoffs-jordan-creek-west-des-moines/75946369007/
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.
See which companies announced layoffs and closings
https://data.usatoday.com/see-which-companies-announced-mass-layoffs-closings/ WF is the only company that has pages & pages. Search Citibank for example.
Currently a displaced employee no access to the Benefit changes!
I am a displaced employee with severance and benefits running into next year. I went to modify my benefits but don't have that option in Workday. Called the benefits hotline (India representative of course) and he was like yep, you don't have the... — read more
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
Anyone else's manager get sad/hostile when they have to actually do work?
My manager seems like she spends most of her days just gossiping with old coworkers. When given an actual task to complete, she is outwardly negative and sad, if not outright hostile. Is this typical here at WF?
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
Do layoffs really take place every single Tuesday after payday?
I've been following this board for a few months, and that seems to be true so far, but I'm not sure if it's a recent trend or something that's been happening for a while and is already well-known. I've been with Wells Fargo since the start of the... — 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. 🚀
System access cut but no call?
Anyone have their system access cut off but not told you were laid off? Who would you reach out to?
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.