Since Wells Fargo seems determined to have a lot of small layoffs instead of one major round like the majority of other banks, what are the chances more of us are getting cut this coming week?

I work at Wells and got a meets expectations, do you think I will get at least 19% merit? I worked 40 hours a week and created several PowerPoint decks and served on a DEI Committee in 2022.

The new name, pending approval will be: Dewey, Cheatem and Howe.

Manager of a branch here. Will I have access to see pay increases tomorrow? I will be on leave and would like to tell my team members.

Capital 1 just got rid of the entire Agile IT Team/s approximately 1200 people. Which company is next to give up and move on?

https://www.gsb.stanford.edu/insights/why-copycat-layoffs-wont-help-tech-companies-or-their-employees

I got a mid year adjustment of 20% to match an offer letter end of june. Found out Friday I got an exceeds in my review but she was not able to talk about salary until next week. Will I get shafted on my merit increase?

My mgr is out until Feb 1 and I'd rather not wait until then to know.

Dont forget to add - peeee'ing on others.... No other bank offers that perk - maybe Wells Fargo is just an early trend setter soon others will follow. https://medium.datadriveninvestor.com/can-wells-fargo-wfc-survive-a-recession-bdae803d4a4 — read more 

I’m talking to other companies now.

If you are seeking to avoid being laid off, we are running a contest. Anyone who volunteers to be peed on can avoid layoff and keep American job. Please dial 800-HR-WELLS and press option 4 to sign up to be peed on by Shankar. This is offered and... — read more 

What is the percentage raise you have heard or experienced in the past if promote someone from P1 to P2. I want to get idea what I’m expecting next week.

Sound familiar? Earth, Wind & Fire, Charlie? https://fortune.com/2023/01/20/microsoft-under-fire-hosting-private-sting-concert-execs-davos-night-before-announcing-mass-layoffs/amp/?itm_source=parsely-api

WF could have only two customers with one product each, and they'd still commit crimes. It's a compulsion at this point. WF is basically flaunting it, like " See how much we can get away with, and the govt. STILL hasn't forced is to break apart or... — read more 

So how many of us will they have to layoff to pay for THIS!? https://www.cnbc.com/2023/01/19/wells-fargo-might-owe-you-money-how-to-get-it.html "The total amount of damages owed to each affected customer will vary, according to numbers provided by... — read more 

Around 30,000 US based employees in total - these jobs will not be eliminated - they will just be shifted to India. "If we don’t see net improvements in performance of the company, we’ve got the ability to ratchet back the discretionary spend" - he... — read more 

Help. Need advice. My boss has implied we should be in office 5 days a week. He loves having an audience and can talk for two hours and not take a breathe. Meanwhile the rest of us look at all the work we need to complete. At the end of the day he... — read more 

Heard rumblings that the bonus will be split based on your total comp (higher you make the more stock vs cash). And the stock is 4 years to vest. Any truth?

How long have we been at step 3 now?!? Since 2018 - 5 years!! I think the OCC has been more than patient with the a$$-clown who claims to be in charge of this “too big to manage” bank. Doesn’t help that $hitty Scharf is also an incompetent manager... — read more 

Kanban replaced Agile. Rinse. Repeat. Grift. Get rid of this repackaged, buzzword-filled nonsense. It's the most unproductive busy work I've ever seen. Why is leadership falling for this consultant-level cr@p? A bunch of people who are justifying... — read more 

Can anyone share how your annual merit increases and bonus are impacted by the various review ratings - specifically Meets, Inconsistently Meets, Needs Improvement since Exceeds and Far Exceeds appear to be off the table.

Capital One laid off its entire Agile team (1200+ positions). I wonder if we are next? Of course, Capital One is not Chase so I suppose we are safe until Chase does something like that.

Something to do with technology- not sure if it was operations or what - managers are scrambling.

Did anyone get their W2 from WF for 2022 yet? They sent me an email with a workday “temporary password” but of course it isn’t working

Between layoffs, RTO, issues with raises, so much bad publicity, and so many other negative things I'm getting burnt out and overloaded with bad news.

Something to consider when they give you that measly "merit" increase - i can promise you it wont be 20% And this is in SPITE of record fines and the asset cap STILL not lifted. Wells Fargo gives CEO Scharf a 20% pay boost to $24.5M Dive Brief: ... — read more 

My office is so dusty and the carpets are filthy and smell like mildew…. Pretty sure the flex cubicles do not get cleaned with each use either. Vents are old and we hear the whirring all day and it’s so dry in the office im getting nosebleeds And... — read more 

I was in the area of WFA’s headquarters in St. Louis on Market Street yesterday. What a ghost town, absolutely no cars in the parking lots or people walking in the campus areas. I stopped for lunch at one of the very close by restaurants who said... — read more 

Well, well, well…was just watching a YouTube video (Relax! It’s before 7 here and I’m holding off starting my workday for a few more minutes) and an ad came on for Wells Fargo Early Pay Day. For “eligible” direct deposits, you’ll get access to your... — read more 

They’re always looking for ways to nickel and dime us and laying people off to ‘cut cost’ so why not just sell off the hundreds of offices that are sitting empty? Every building I go into is nearly empty and in need of repairs….went into the office... — read more 

Worker Bee Get up, coordinate with spouse to get the kids to school. Walks 15 blocks to get to work because the subway is no longer feels safe for her. Gets to the office and looks for a cube finds one but of course it is dirty so it needs to be... — read more 

My manager suggested that a company wide announcement related to changes to current RTO policy to come. No suggestion as to whether it would be More flexible than the current 3/2 model or more time back in office. Has anyone else heard anything... — read more 

Ignore what's been threatened or what could happen. Has anyone actually been directly terminated as a result of not going in when they were told to?

This bank fails at banking. https://files.consumerfinance.gov/f/documents/cfpb_wells-fargo-na-2022_consent-order_2022-12.pdf

We are approached year-end review next friday, but i have not had my year-end until today. Should I be concerned about my job security (already tensed!)?

This would be devastating to shareholders. The heavy hand of govt up these executives azzes would drop earnings to $0.00 overnight. Hsu and the OCC use a four-level escalation framework that decides whether a bank should be broken up. Issue... — read more 

mean

https://www.business-standard.com/article/companies/air-india-bans-ex-wells-fargo-exec-shankar-mishra-for-four-months-123011901334_1.html Air India has named former Wells Fargo executive Shankar Mishra, who is accused of ur!nating on a co-passenger... — read more 

It’s startling to read all the ways Wells Fargo has harmed their own customers. It can be only one of two things: INCOMPETENCE or THEFT. (Or both.) As part of a $3.7 billion settlement, Wells Fargo has agreed to pay more than $2 billion... — read more