My wife and 12 children are healthy and happy. Thanks to WF, 8 of my children graduated with honors from the university. When times were tough 14 years ago, the company stepped up and helped subsidize our family in a time of need. Now, 4... — read more
IRS Raises 401K Contribution Amount
The IRS on Friday raised the amount that Americans can set aside for retirement in their 401(k) and other tax-deferred plans next year. Beginning in 2023, workers will be allowed to contribute up to $22,500 to their 401(k), an increase of $2,000, or... — read more
It's hard not to become numb
I think some of us long haulers have become somewhat numb to all the scandals and ridiculous spending. It feels like almost every year the executive stooges are telling us to watch our spending and tighten our belts. IMO, WF is a virus without a... — read more
What is Senior Lead?
Most companies have a senior and a lead . What is Senior Lead ? Is it a management position or a lead position ?
Surgeon General and toxic workplaces
Wonder if any of the C-level or Board of Directors members plan to make any adjustments? https://consumer.healthday.com/toxic-workplace-2658485231.html
Title changes are coming again....
was just informed my "title" will be changing-- again....mgr said to "align" with other companies...and made it VERY clear it will not change compensation. Umm, thanks? anyway--never a dull moment around here
It's going to get worse...
Did everyone read this info? https://www.wellsfargo.com/cib/insights/economics/us-outlook/ https://www.highereducationinquirer.org/2020/05/lets-all-pretend-we-couldnt-see-it.html
Hmmm Just got a text "TEST COO OPERATIONS REVS BCP" This is a test of the WF emergency notification system. Just had a BCP test a few weeks.
I know it may sound paranoid but given the CFOs comments on the investor call this week, "remove excess capacity to align with reduced demand". Trump was a little more direct - You Fired! I'll take severance for $10,000 Alex
Merit increase
Does WF do something similar like BOA, basically your merit increase and bonus has been locked in at end of October? Even you change job before end of year, those two items will not change?
Your new health rates!
Make sure you read how your salary is actually calculated for next years insurance premiums. My salary is actually below 100k but they put me in the 100k-250k category because they added my bonus I got this year, which put me just BARELY over 100k... — read more
Benefits Double Dip?
How is it fair to treat two employees who are married as separate on benefits vs as a family? So, say wife has herself and kids on her plan - so family rate - then hubby has to have himself on his own as he is an employee stand-alone - how is that... — read more
Raises
In Workday you can see your annual benefit rate. For 2022 it shows my current salary. For 2023 it shows a salary 5% higher. Is that my raise just showing up somewhere early?
TM Mail "8 ways to deal with inflation"
In a period of WF laying off workers and scarce raises, how tone deaf is it to send this email? Highlights include: "Use your credit card points (translation - spend more money that you don't have to pay less elsewhere)" and "Increase your income... — read more
8 ways to deal with inflation
Amazing article. I never thought about using my credit card rewards, getting a second job or haggling with my memberships at the Gym. Great advice! You know what's not on this list? Cost of living increases. Seems like the company is able to charge... — read more
November 7 CAO Meeting -Outsourcing?
In person/hybrid meeting on November 7 for Chief Administrative Ofc - for employees (and partners-read the fine print). NY senior mgmt going to Charlotte. Watch events scheduled for regions that have a large CAO presence-Des M, San Fran, Chandler... — read more
Let’s have some fun on a thursday
Fill in the blank to help our marketing team with an update to their new slogan! Wells Fargo is The Bank of Doing __________ I’ll start- “Nothing”
The rise and stall of Wells Fargo (video on CNBC)
Mostly old news, but they talk about how WFC is frozen in time due to the Federal Asset Cap while other banks are outpacing us. I choked on my sandwich when Charlie talks about the “tremendous changes” he’s making at Wells Fargo 🤥. Yeah….no I... — read more
WFH accommodation
What does the doctors note need to contain? I know it was a few statements, but I can’t recall what information human resources will need. Thx!
What percentage of Develop You does not pertain to your job?
I am just amazed how much they make me test on something that has NOTHING to do with what I do.
Moving jobs to India
Was just told I need to lay off 7 people in my department in US but can hire 7 replacements in India. I wish Elizabeth Warren would stick her nose into these practices but I suppose she doesn't care about US employees. I really don't know how WF gets... — read more
Millennials and Layoffs
Gen Z and millennials are reframing layoffs, stripping away the shame and pointing the finger of blame at the company that let them go No Paywall: https://archive.ph/DvVVG Paywalled:... — read more
Open Enrollment
Has anyone taken a look at the increases in medical premiums, deductibles, and OOP max? Also, $600 more for smokers. They really are squeezing everything they can out of us.
The real numbers....
Read it and weep... http://www.shadowstats.com/alternate_data/inflation-charts https://www.highereducationinquirer.org/2020/05/lets-all-pretend-we-couldnt-see-it.html
Incoming Cuts: 50% companies plan for layoffs, 80% plan to continue with a leaner workforce
https://www.darkdaily.com/2022/10/19/pwc-survey-finds-50-of-companies-plan-layoffs-and-83-intend-to-move-forward-with-streamlined-workforces/
New Officer Titles
Does anyone know the hierarchy of the new officer titles?
This is Saul
Good Morning, Let me tell you about how we are trying to ship all your jobs to India.
RTO Funny Problem
Has anyone else noticed all the internal inter-office mail that's been piling up? It's because so few people are coming into the office, and when they do they often don't check for mail. Some mailrooms are drowning in so much mail that they don't... — read more
Several case owners in life events transferred to the phone team
I have been a case owner for well over a year working cases. There was a point in which we had to assist the Intake team on the phones for an hour a day which was horrible, but we managed through it. Now we just focus on researching/working cases for... — read more
Tabulation, will you be let go within the next 6 months?
Will you? If so, why? If not, why not?
Layoffs oct20?
Remember. 3rd Thursday of the month coming up. I do not know anything but I am sure someone does. Is the chainsaw gassed up and ready to go to town? Or is it going to sputter and quit?
Internal position
Just finished the interview with hiring manager, asked about starting date for this position, he said June. Why do they need to post job few weeks ago for the job not start until next June? Am I dreaming?
58% Live in Fear of Layoffs
https://wraltechwire.com/2022/10/18/58-of-workers-now-fear-losing-their-jobs-if-recession-hits-survey-says/
Where’s my 401K money ?
When are we going to get our cut from the 401K settlement ?
WTF is up with these CIOs on LinkedIn
We're laying off people, hiring freeze, expense issues pretty much all year. Yet I see on nearly a daily basis at least one CIO in tech posting pictures of events, meetings etc. in various cities. Do these people even work? Must be nice to just... — read more
Too many layoffs happening right now
I'm not talking just about us, but all over the place. How is everybody not worried out of their mind? I'm in sales and marketing and I know we're in trouble. All I keep thinking about is being laid off and not being able to find something else for... — read more
Employees win the battle but not the war
Although no major layoffs from last week which was the sure fire week, that good won't last long. I agree with those who believe that King Charles is taking the self inflicted wounds of war as the strategy. Why layoff when Wells can instead... — read more
Astroturfing is off the charts
Charlie must really hate how much truth gets revealed here. The astroturfers are working overtime.
My best work done while in Starbucks.
I don’t know what it is, but I get my best work done while I’m hanging out Starbucks. Staring at a monitor, in the tiny cubicle, just doesn’t garner enough creativity. Anyone else get their best work done out of the office?
RTO Mileage cutoff
Anyone know how WF calculates the supposed 40 mile cutoff? Depending on route, I’m just below or just above 40 miles. Wondering if it’s worth a try.