Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

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.

WIM OPS

WIM OPS hit hard all across the locations today I know of about 20 in my ops group displaced

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| 1580 views | | 8 replies (last October 30, 2024)
Post ID: @OP+1vemwLXD

Barnhart center

Well they just let go all of escalations representatives at the Barnhart center today

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| 1470 views | | 8 replies (last October 30, 2024)
Post ID: @OP+1veUUaM4

COO Townhall

Who attended this townhall ? Full of new leaders lead by John Langley. Everyone spoke about growth across all the businesses but in the end a question was asked on how much of the “efficiency” is related to employee cost reduction and John Langley... — read more 

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| 1370 views | | 4 replies (last October 31, 2024)
Post ID: @OP+1vebovse

Doing nothing?

My cube mate tells me he has not had anything productive to do in weeks after their manager resigned. Is this common? I have only worked here for two years.

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| 990 views | | 9 replies (last October 30, 2024)
Post ID: @OP+1vePyIDl

Promotions being given to people who didn't earn them

The string of promotions awarded to people who didn't earn them has really set us back over the past few years - not only because they have no idea how to do their jobs once promoted, but because the people who actually deserve recognition end up... — read more 

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| 860 views | | 7 replies (last October 31, 2024)
Post ID: @OP+1veFfkCs

Layoffs - Location Strategy?

Anyone have any knowledge of location strategy for 2025? Is it still a plan? No one seems to know anything. I’ve quit clicking on this site much for that reason.

Benefit elections before getting laid off next year

Does anyone have a list of when benefits are turned off for the different stages of being laid off? For example, when does hsa contributions stop? I heard your medical plan stays through the entire severance period but does your hsa contribution... — read more 

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| 820 views | | 5 replies (last October 29, 2024)
Post ID: @OP+1vdguj78

Consumer Lending Location Strategy

Has anyone heard anything in Consumer Lending regarding location strategy? My boss tells me they haven’t heard anything in months and no one I’ve talked to has said a thing about having to go back in yet. Any news or whispers about consumer... — read more 

Benefits enrollment

Get your life insurance coverages, yall. You know, in case we die working in this shthole .

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| 410 views | | 3 replies (last October 29, 2024)
Post ID: @OP+1vd0v1Cn

Truist better than Wells Fargo?

I am considering jumping to Truist. Any bad, or good experience compared to Wells. I see quite a few people jumping ship to join them. I cross posted this question to compare responses.

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| 1440 views | | 9 replies (last November 3, 2024)
Post ID: @OP+1vdr3ePd

Tomorrow

Are there any Chainsaw predictions?

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| 1770 views | | 7 replies (last October 29, 2024)
Post ID: @OP+1vdcFBUd

Cash Balance payout

Does anyone know when cash balance payout occurs? Is it after the 60 days notice period?

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| 790 views | | 5 replies (last October 30, 2024)
Post ID: @OP+1vdkAXWT

oh look another Chase hire

new head of cards and merchant is a Chase expat. are we leaving any talent behind at Chase these days? so much for internal promotion bench strength, huh.

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| 680 views | | 6 replies (last October 29, 2024)
Post ID: @OP+1vdn7cDV

In person voting

Does anyone know if Wells gives employees any PTO for voting?

401k match

If I was laid off in September but then hired back in November do I get my 401k match?

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| 530 views | | 5 replies (last November 3, 2024)
Post ID: @OP+1vdfi1zy

Interference with Wells Fargo Union

Wells Fargo is the only large US bank with a growing union. Apparently, the firm is interfering with that effort through intimidation tactics including layoffs. That approach is illegal. The message to Charlie Scharf is simple: don't use thug... — read more 

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| 720 views | | 8 replies (last November 1, 2024)
Post ID: @OP+1vcillZW

Note of the Day

By end of year 10 percent or more of us will be eliminated. CRE losses. New reg issues out. New leadership shaking the heck out of org models. Frozen hiring budgets. 5 to 1 offshore hiring. Focus on yourselves. The company is not going to do it for... — read more 

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| 1080 views | | 6 replies (last October 30, 2024)
Post ID: @OP+1vc8AWyK

Relocation Strategy

So basically Wells Fargo is eliminating jobs in states that have tougher labor laws for employers and where it's easier for workers to unionize, and moving those jobs to states where the employees can feel the brunt of the whip. It's a strategy to... — read more 

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| 1100 views | | 6 replies (last October 27, 2024)
Post ID: @OP+1vczhyvd

PTO pay out

Is pto paid out on your 1st check during severence or your last check in your notice?

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| 560 views | | 2 replies (last October 26, 2024)
Post ID: @OP+1vblwU6q

Retirement

Why did most companies pivot from pensions?

Banker connection

Ppl dropping like flies here. Anyone know the magic number before bye bye 👋? Specifically Salt Lake City hehe

Everyday Banking Lower Ratings

Get ready! We just had a meeting with Site Leaders and they are asking of us to lower the ratings don't go off the PM calculator tool, if you have a Team Member at meets find a way to drop them to inconsistently meets. You can be a level 4 or 5 but... — read more 

PTO payout for Nov/Dec layoffs

If I have 10 days PTO left in the year and get laid off in Nov, will that be paid out in full or since the non working notice runs thru Jan and at that point PTO resets, I lose the 10 day PTO payout?

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| 650 views | | 5 replies (last October 30, 2024)
Post ID: @OP+1va6GT0N

Burnout

Why even bother with layoffs when so many people are already leaving? Burnout is real. It's driving employees out the door, and they’re taking their skills and experience with them. But does Charlie and the rest of the leadership care? Not really... — read more 

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| 700 views | | 7 replies (last October 28, 2024)
Post ID: @OP+1vaSsn9c

Stop lying

I’m so sick and tired of being turned down for jobs within wells. We’ve been told that we can transfer if we find something in another state even in a hub city. It’s all a bunch of bullsh-t let’s tell it like it is, why would you post any new job... — read more 

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| 650 views | | 5 replies (last October 28, 2024)
Post ID: @OP+1vaW6GrT

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