Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

2/3/23

Who is actually even going to bother signing on or showing up?

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| 2950 views | | 9 replies (last January 25, 2023)
Post ID: @OP+1kLd9Jpo

More payouts, more layoffs

Wells Fargo might owe you money—here’s how to get it If you had a Wells Fargo account between 2011 and 2022, you might be one of the 16 million customers who qualify for damages, says the Consumer Financial Protection Bureau... — read more 

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| 1560 views | | 1 reply (January 19, 2023)
Post ID: @OP+1kLvvMxZ

The best part of RTO…

Is that my dog is happy to see me when I get home. That’s it. I went in yesterday for the first time and have never seen more miserable people in one place at the same time.

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| 1040 views | | 4 replies (last January 19, 2023)
Post ID: @OP+1kLFSS8c

MASSIVE CUT IMMINENT - LOAD UP BOYS!

overheard in NY - 2 wells execs at a bar They were joking "Maybe we should just cut 10 thousand" other guy - "No no no - TWENTY thousand" laughing their a$$ off.... The first guy got up on the bar "HEY EVERYONE - WATCH THIS!" pulled out his... — read more 

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| 2433 views | | 4 replies (last January 19, 2023)
Post ID: @OP+1kLngPAz

In office expectations

Laid out in the tech manager call Managers regardless of hierarchy in 3x weekly Non agile workers follow 2/3 model All of this will be tracked back to performance goals. Holidays and PTO count toward meeting your weekly quota. Oh and “be thankful “... — read more 

Wells Fargo India

With the recent developments about the mortgage division, I was wondering if anyone knew what impact this had on Wells Fargo mortgage workers in India? Are they still keeping all their jobs or are they shutting it down?

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| 1250 views | | 7 replies (last January 19, 2023)
Post ID: @OP+1kLZxgfT

New cfpb communication

What to do if you are treated unfairly by Wells Fargo or another financial company If you’re having a problem with a financial institution, first try to resolve it directly with the company. They can generally answer questions unique to your... — read more 

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| 1040 views | | 1 reply (January 19, 2023)
Post ID: @OP+1kLPywdK

Funny how we’re pushing DEI and RTO, they cancel out

So we want to be inclusive but we are ignoring the one benefit people want. WFH helps diverse people stay employed longer and happier. Show me someone who wants RTO and I will show you a rich able-bodied white guy who has someone else taking care of... — read more 

Meets

Can you get promotion based on years review as meets? Or must Exceeds or above? My manager said she has not seen any exceeds for many years.

One more RTO topic!

Upvote if you are supposed to be in 3 days but have not gone a single day since last March. I have probably gone like less than 10 days.

Bonus question for anyone who got a 2 last year

Last year, for those that were bonus eligible, or managers with the information, how much does having a 2 rating (inconsistently meets) affect the bonus, versus having a 3 rating? Thanks

Hypocrisy

But track shots in HR.. https://www.cnbc.com/2023/01/17/wells-fargo-downgrades-pfizer-to-equal-weight-citing-need-for-covid-reset-.html

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| 1012 views | | 4 replies (last January 19, 2023)
Post ID: @OP+1kKItt7D

Raises

Any way district managers will know raise information before the 25th?

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| 1960 views | | 7 replies (last January 18, 2023)
Post ID: @OP+1kKnms1d

I realized you people are the low performers

The nonsense I read on here as a WF manager is hilarious. You people simply have no clue. Then when I write something accurate it gets down voted. Seriously, you all need to get a grip.

Good luck guys.

I work at another bank. Sorry to see WF get hit so hard with a 9K layoff goal. Hate to see you guys go through this. Good luck to you all.

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| 1770 views | | 3 replies (last January 18, 2023)
Post ID: @OP+1kJecMQt

Why are reviews so secretive and last minute?

I can't see my year end review in Workday. Isn't the deadline a couple days? Why is it only made available to me minutes before the review meeting? I don't understand why I can't at least read it more than an hour in advance of the formal... — read more 

Quiet before the storm…

I can literally hear a pin drop after the earnings report. No one wants to be in the office today in Dallas. Death by a thousand cuts (9000 to be exact). Sooner? Later? When does the party start?🥳

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| 2620 views | | 7 replies (last January 18, 2023)
Post ID: @OP+1kJKjXvs

Is it possible to negotiate a severance package?

I'm asking about those of us who've been here for over a decade at least. I know in some other companies it is possible, but I've never heard of anything similar being done at Wells Fargo. I know the company has no incentive to do that, but it... — read more 

CIB earnings - impact on layoffs

If you have been an employee within the CIB group, specifically the markets group - you keep hearing from management on how they have plans to grow this business. However, over the past two years almost every quarter, the revenue of both the key... — read more 

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| 1372 views | | 4 replies (last January 17, 2023)
Post ID: @OP+1kJZVeRS

Wells Fargo cheats their customers every day in every way. Who isn’t getting cheated, you ask? Charlie, The C- Suite and the BOD.

Wells Fargo takes advantage of their customers, their employees, and their shareholders. They aren’t embarrassed by it. They short-change people regularly and right out in the open for all to see. They prey on you for being too busy, too distracted... — read more 

401K matching -- a Call option?

To current employees at Wells Fargo. You should consider the 401K matching "benefit" as a long-term call option. The 401K you put in this year will only get matched at the beginning of next year. The risk is that you don't get laid off by Jan... — read more 

Wells Fargo HMC

There have been so many lay offs to Mortgage department from, HMCS, HLPS, Underwriters and so forth. As an HMC/consumer direct mortgage whatever they call it, you are not making a whole lot since we are commissioned based. As it is right now WF... — read more 

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| 1840 views | | 5 replies (last January 17, 2023)
Post ID: @OP+1kIvuO2Y

Home lending recent hires

Home lending has a lot of recent hires due to rto attrition in non front line positions e.g servicing, risk etc. does this mean most of these people will be let go in the next 6 months? Why didn’t they freeze hiring earlier if they knew the plan... — read more 

Jobs added at BAC CIT and JPM, but cut at WFC.

https://www.marketwatch.com/story/jobs-added-at-bank-of-america-citi-and-jpmorgan-but-cut-at-wells-fargo-11673633735?siteid=yhoof2 Charlie is such a pa--y. His only skill is to cut, reduce, sell, shrink, destroy, retreat, settle, stop, offshore... — read more 

Year end review

How good is the compensation change from senior to Lead engineer? Can you tell from the year end review if promotion is about to happen?what difference is there b/n exceed and meet ?

Layoffs next week

keep your eyes peeled for that impromptu meeting next week. I'm hoping for some kind of email - followed by access cut - followed by a conference call. I'm excited. I've never been through a WF layoff.

Send in that feedback

Doubt it'll happen since the WF BOD is clueless, but if enough shareholders chime in and get the media involved, you never know. https://www.cnn.com/2023/01/13/tech/tim-cook-apple-pay-cut/index.html

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| 780 views | | 3 replies (last January 16, 2023)
Post ID: @OP+1kFHYHfs

Stock buybacks, but no meaningful raise.

Q4 financial results call indicates that they’ll begin stock buybacks in Q1. I’ve read on here they’re doing 3% for an exceeds rating, meaning everyone is making less… unless, of course, you get paid mostly in shares.

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