I plan to retire around mid-year. Does anyone know if WF will do the 401k match in this situation. I'm torn between "retiring" and just "quitting". Thanks.
Wells Fargo is circling the drain
A bunch of corrupt execs drove this company in the ground. Not Elizabeth Warren. It was always the ever-criming, entitled, deceitful b@st@rds at the top.
Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market.
Wells Fargo is stepping back from the multi-trillion dollar market for U.S. mortgages amid regulatory pressure and the impact of higher interest rates. Instead of its previous goal of reaching as many Americans as possible, the company will now... — read more
Wells Fargo Announces Strategic Direction for Home Lending: A Smaller, Less Complex Business Focused on Bank Customers and Minority Communities
https://newsroom.wf.com/English/news-releases/news-release-details/2023/Wells-Fargo-Announces-Strategic-Direction-for-Home-Lending-A-Smaller-Less-Complex-Business-Focused-on-Bank-Customers-and-Minority-Communities/default.aspx Thoughts?
Internal promotion
If your manager told you will get promotion for next level position after year end review, how much is it true cause I have only been with WF for a little over one year.
Raises
It is getting close to the middle of Jan. When will we find out what our raise will be? Not interested in when it goes into effect just want to know what it will be.
Theres a new book on amazon aimed specifically at Wells Fargo
https://www.amazon.com/How-Housebreak-Your-Days-Revised/dp/0553382896 Its now required reading for HR offshoring staff.
RTO Reporting - Hours in Office
Does anyone know if RTO reporting will include number of hours worked in the office? If so, is that something that will be a factor, or is the primary focus just on getting people in 3 days a week?
CIB Operational Risk Team
Does anyone have any intel on this team? I have heard that this team is relatively new (approx 70 people) and they are looking to grow. However, based on my internal research it seems like this team is staffed up heavily to help with the RCSA effort... — read more
It's happening all over the place
Now Disney is requiring its employees to return to the office four days a week. It's only a matter of time before we're required to be back five days a week. One by one, companies are pushing RTO on their employees despite overwhelming proof that WFH... — read more
Should I have stayed?
I quit in October after finally finding a new job. It pays better but I’m wondering if I should have forgiven my boss for screwing me with an “inconsistently meets” and then admitting she had no choice per HER boss. Should I have stayed and worked... — read more
This board…..this bank……wow.
I’ve compared this WF board vs. other banks, this is the worst. No doubt. Foul mouthed, malicious ill will, poor attitude, mismanaged both company and personnel. This company and its people has a long way to go to both grow and mature. Maybe in... — read more
RTO Don't ask Don't tell
wrt RTO My manager has been Don't ask Don't tell . Will managers now have their hand forced to come down on non-compliance? Will offenders get a warning shot (corrective action) and an opportunity to comply? I want to sense how far I can push the... — read more
Bonus Targets, Thing of the past?
I know bonus targets aren’t supposed to be used anymore; even so does anyone know if this year’s bonuses will be relative to what they were in the past? I know bonus was a factor for many of us when we accepted our roles.
Negotiating bonus and raise? Is it possible?
So one on one meetings are occurring within the next few weeks, has a team member ever been successful in requesting a larger bonus and/or higher raise? Or once it’s done it’s done, just accept and move on?
Big Banks Don't Care If You Drop Dead
Why are you committed?! Goldman, Wells, BoA, etc. All manage by the quarter. Short term profits over principles and people. They will ax you in a NY minute and have no commitment to people. So don't be committed. These are money grubbing Enterprises. — read more
Return to office
You go to the gym, your kids go to school. Last week, you seem that new movie at a movie theater. A few weeks ago you were out shopping in a crowd, maskless, for gifts... So why in the he-l can't you return to the office?? Keep complaining and maybe... — read more
California Pay Salary
Where in workday can you find the salaries that were to be posted for people working in California?
Goldman Sachs Layoff Announcement
We may start to see the dominos falling soon. Goldman Sachs will lay off as many as 3,200 employees this week as the economy and market climate pushes banks to find more cost savings. I don't believe that Wells Fargo will immune to this. CS is the... — read more
Describe Wells Fargo
Using just one word.
I guess tech IS affected
Wells Fargo’s IT hiring activity declines 25.7% in December 2022 US-based company Wells Fargo’s IT hiring declined 25.7% in December 2022 when compared with the previous month, according to GlobalData’s Job Analytics... — read more
What happened to WF?
Was it Charlie? Asset cap? DEI? RTO/remote? I used to work with some really talented people. We used to get 40 resumes per posting brimming with quality. Now team members are happy to sit idly by while I do a disproportionate amount of the team’s... — read more
WFC is making good people leave
Some employees are denied opportunities for promotion, even when they have the skills required for higher-level positions. This happens because of an anti-internal movement initiative forcing diverse array of candidates in from outside when they... — read more
Wells Fargo should unionize.
It won’t happen overnight of course but it warrants pursuing.
Best tips if you want to get laid off in 2023?
I’ve had it. Who knows the formula to the secret sauce?
Lazy Manager
I have been at Wells for approx 3 years now and been working with a manager who is flat out lazy and it is clear that he is there just to collect a pay check before his retirement. Following are my daily observations: I catch him sit in his... — read more
Wells Fargo is NOT My Company Anymore After a Decade of Loyal Service
Laid off from Wells Fargo this year. All of those long hours of overtime, many nights. Working all weekend for months. Produced "critical" reports for the company that went into production with no errors. Co-workers copying my computer code and... — read more
Just watched the Madoff documentary on Netflix…
Guess which bank Madoff ran his multi- billion $ Ponzi scheme through for over 20 years?? JP MORGAN. This is where Charlie has been hiring all our new overpaid execs from?? No wonder we can’t get out from under the Federal Asset Cap. Please... — read more
WF VP urinated on a passenger
https://nypost.com/2023/01/06/wells-fargo-vp-shankar-mishra-urinated-on-passenger-on-plane/
New Wells Fargo People Be Like
https://imgur.com/bALmQzs
Layoffs in the US
Just wrote a good perspective that’s very relevant for layoffs and good food for though. It has to do with moving jobs to India. See below: Guys I think rather than complaining about this, we need to be looking at ourselves. Why are companies... — read more
Don't join WFC unless you have to
The company's revenues will increase, but the pay will not reflect that. Management only cares about numbers, not people. If you're looking for a place where you can feel like you're part of something special, this isn't it. There are better... — read more
Overseas hiring
In a 2019 congressional hearing the ceo Sloan indicated there was NO plan to hire overseas while u.s. employees were being let go. hiring in India has increased significantly. Looks like over 30% of current postings are in India. Why is this ok... — read more
Salary Continuation and Benefits
So, long story short, I was displaced last year and have passed my 60 notice period. I had been told by the displacement HR people that my benefits would continue while I was on Salary Continuation but just found out, at the pharmacy, I am no longer... — read more
Is there a way to avoid being laid off?
Or at least a way to minimize your chances of being included - other than kissing the right behinds?
Cuts imminent; 5-day RTO coming
Our division leader told us today that large-scale WF cuts are imminent. No details given when pressed. Also indicated RTO eventually returning to 5 days per week. Not sure where they plan on putting everyone, given our reduced office spaces. .. — read more
Wells Fargo sacks India executive for urinating on plane passenger
https://stocks.apple.com/AQXlmqmVMQkeXBJNIhsAMhQ
Wells Fargo (NYSE:WFC) shareholders have endured a 24% loss from investing in the stock five years ago
What a piece of sheet. Wells Fargo is a losing proposition for everyone except our executives.
Confirmed-Gelato machines at Hudson Yards
They’ve just installed free gelato machines in the break rooms at Hudson Yards (at least on the upper floors). Add that to the fridge stocked with free sparkling water, baskets filled with free snacks, and the actual espresso machine, 3 days of RTO... — read more
Hiring question
If you have investments, Roth etc…, with Fidelity and you accept a job with Wells Fargo, does WF require you to move all of your investments under the Wells Fargo umbrella?