Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Bonus targets?

What is everyone seeing when it comes to bonuses? Our pool is down about 10%.

Is anyone actually complying with RTO?

My building in Minneapolis is a ghost town…some people that used to come in haven’t returned. Others are coming in maybe once or twice a week and not for a whole day. On my team it’s not tracked but I still come in once or twice weekly and feel like... — read more 

d-mb question regarding 60 day NON-working notice

If I accept a new position outside the company during this time, do I continue to receive normal paychecks from Wells? The paperwork says I can cash out my severance but I don't see anything about starting a position outside the company while still... — read more 

All or none

I know some teams are still working from home with no consequences. I'm happy for them, but if we're told that everybody has to be at the office a certain number of days then it should apply to everybody. Either let us all fully WFH or force... — read more 

Q: Have You Had Any Pay Adjustments in 2021 and 2022?

Hello All - I work in the IT department of a Fortune 500 company who is not a competitor. I wanted to see if I can learn what other Fortune 500 companies did in 2021 and 2022 in terms of adjusting pay due to rising inflation. My company did... — read more 

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| 1330 views | | 5 replies (last April 19, 2023)
Post ID: @OP+1jOwWuGB

Is Dr. Bert Still Around?

If so, what do his job duties consist of nowadays with COVID no longer a big deal? I’m guessing his total comp is around 1.5 million or so? I hate to single a guy out, but it seems to be from a business point of view that there could be a cost... — read more 

Covid Positive

Just tested positive for Covid and feel like garbage. How long do I get to WFH?

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| 2050 views | | 9 replies (last December 1, 2022)
Post ID: @OP+1jNFZOo1

References when applying internally

The post about references when laid off (below) made me think of this question: What can be said from one manager to another when an internal candidate applies for a internal job? In other words, we hired a gal from another department and it was... — read more 

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| 1500 views | | 7 replies (last November 21, 2022)
Post ID: @OP+1jNq8IVD

References after being laid off

Does Wells Fargo have a policy regarding references? Are managers allowed to provide references for employees who were laid off?

WF missed the memo on raises

https://www.cnn.com/2022/11/18/success/salary-raises-2023/index.html Get ready for bigger paychecks: Record high increases expected in 2023 Employers are planning to increase their salary budgets by 4.6% next year, the highest expected annual jump... — read more 

I wish we could edit our comments

On this, The Layoff site, when you post a reply to a comment, you can't go back and edit like a lot of sites. That really bites because I said something really negative about CS. After realizing how it would sound to others and with a good deal of... — read more 

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| 1700 views | | 3 replies (last November 20, 2022)
Post ID: @OP+1jMr72f4

Wells Discounts

Anyone experience using the discounts on Wells site to buy a new or near new car? Just curious

Raise pool 3% - Ling effort to 5% a rumor only

Yes, with two year inflation at 14%, we are on our second year of 3% pools. If you’re in the same role past few years, enjoy your 8% “merit” pay cut I’ll be looking outside for a 20% jump, good luck to all, I have a family to feed — read more 

No Layoffs in WF

We saw layoffs happening everywhere. https://intellizence.com/insights/layoff-downsizing/major-companies-that-announced-mass-layoffs/

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| 1130 views | | 3 replies (last December 1, 2022)
Post ID: @OP+1jMan1Ku

Business Execution Director

I’m sorry. I just can’t stop laughing at that business title. It’s so fitting for this company. Think about it. A person hired to oversee the business being executed. Lol!!! It just struck me as real funny. That’s what this company is doing, hiring... — read more 

RTO is so painful.

Here’s what I realized. I’ve been so used to WFH, that I’m actually subjected to people in person, now. I actually find my teammates annoying. I got so used to correspondence over phone and email that when I’m around them, in person, I feel stressed... — read more 

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| 1770 views | | 9 replies (last November 21, 2022)
Post ID: @OP+1jLdOCuH

Is HR biased against internal hires for tech

It seems like their focus is on external recruitment. I’ve heard the only way you can really move up in Wells is if you leave and come back. Otherwise they just anchor you to your current role regardless of your skills. You won’t be able to make a... — read more 

Wells fargo FTX

https://www.fxstreet.com/cryptocurrencies/news/jp-morgan-well-fargo-bank-of-america-potentially-exposed-to-samuel-bankman-frieds-ftx-exchange-202211180001

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| 1070 views | | 5 replies (last November 22, 2022)
Post ID: @OP+1jLK0Ke6

What are the unwritten rules?

Post unwritten rules and shady practices that Wells Fargo does. I'll start: Priority of D&E external, or any external candidates, for hire over internal hires. Priority of D&E hires/promotion over a better qualified hire. Hire any D&E... — read more 

One cog in broken engine

Once upon a time, I was a star employee. I won free trips to Hawaii, and all kinds of token awards for my contributions to the company. I thoroughly enjoyed it as I realized that my skills could really make a major impact on this company. Throughout... — read more 

Raises here are a sick joke

2-3 % raise doesn’t even cover the cost of inflation much less the extra cost of commuting but we should all just be lucky we should have a job right…..

Worst part of RTO

Is not having that time with my kids, being able to walk them to the bus, cook dinner for my family and sitting down at the dinner table together. With all the time spent working, those extra 2+ hours of time and energy wasted on commuting is time... — read more 

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| 1290 views | | 6 replies (last November 18, 2022)
Post ID: @OP+1jLybeho

This company is going backwards

I remember pre-covid there was a push towards flexibility and remote work, hence the start of hoteling cubes. Now it’s the complete opposite. They’re setting arbitrary rules that make no sense. The 3 days in office rule is just garbage. When did... — read more 

We need a new Board and CEO

New CEO and Board desperately needed Things we need to do Offer Voluntary Severance Packages. This way, We get rid of all of the quite quitters and people who no longer want to be here and we’re just coasting along. Reward all of the... — read more 

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| 1310 views | | 9 replies (last November 20, 2022)
Post ID: @OP+1jLVxXXF

Layoffs

Buckle up….lay-offs are coming starting in December.

Amazon Offers volunteer Severance Packages

Amazon offered some of their employees an optional Severance Package. 12 weeks plus an additional 2 weeks per year of service. Is this something WFC will be doing in the near future? It’s a good strategy imo.

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| 1080 views | | 3 replies (last November 18, 2022)
Post ID: @OP+1jL0ZXPJ

Merit increase & bonus

When will individual can see the merit increase and bonus information on workday?

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| 2240 views | | 6 replies (last November 18, 2022)
Post ID: @OP+1jLDLtAI

It's not complicated

Your company's fate will be determined by how you treat your employees. Employees will make a difference if they are treated as if they matter. Alternatively, you lose the respect of everybody when you mistreat one of your own. It's that simple. And... — read more 

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| 1220 views | | 8 replies (last November 19, 2022)
Post ID: @OP+1jKWW9Bu

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