I’m new here. I notice they have thousands of people in Charlotte who don’t have any skills other than setting up meetings and asking others to make a decision for them. They seem to hire dozens of other worthless headcount based there and make... — read more 

50% of CEOs Consider Layoffs in Next 6 Months https://www.marketwatch.com/story/more-than-half-of-ceos-consider-workforce-reductions-over-the-next-6-months-and-remote-workers-may-be-the-first-go-to-11664907913

Got my lovely package today, folks. A paycheck for every year I gave them. Woohoo! Just kidding, it was a daydream. I’m sitting in my rotting cubicle now lel

https://fortune.com/2022/10/05/remote-workers-likely-cut-first-in-layoffs-recession/

my wife was hired as a remote worker and now has to walk around piles of vomit and sh-t on her way from the parking garage to an uptown building. no violence better come of her from the homeless vagrants, illegals, and dr-g addicts. This is a... — read more 

Are you an insufferable human being who has nothing better to do than judge people on the internet?

Are you just hungry and broke or does any of the practices this place does misalign with your core values? Why do you still work here?

Nobody was hurt, but could have been if they were there for RTO. You couldn’t pay me enough to work in a big city. https://www.wbtv.com/2022/10/04/cmpd-investigating-shooting-wells-fargo-building-uptown/

Seriously I’d like to get out of this hellhole… I’ve been told to avoid Citi like the plague. Which bank is actually decent to work for or is it best to completely get out of this industry?

Between the RTO policy, layoffs, lack of clarity around bonuses/compensation and generally sh---y leadership how do they expect to keep people? I could see how Goldman or Morgan Stanley could get away with it because they pay their employees a lot... — read more 

Relevant to banks and their health. https://archive.ph/RX8DS#selection-3599.0-3599.63 While a soft landing is still possible for housing and labor, it's going to get ugly for city business districts. By Conor Sen September 27, 2022, 9:30 AM... — read more 

Wells Fargo is moving tens of thousands of client accounts out of its esteemed private bank. Clients with under $5 million are being moved to accounts with minimum balance requirements. It's the latest step in a wider reorganization that has... — read more 

I’ve been applying for a new role as my current one is a disaster. I haven’t heard anything back from the HR recruiter. I saw a few posts saying HR is slammed and running behind. Is this true? If so, about how long does it take for a recruiter to... — read more 

I see more talk about quit quitting but the fact is I'd be fired the second I tried to pull something like that. I can't imagine being given a task that's urgent and just stopping work when my hours are up until tomorrow. How would you even begin to... — read more 

I have been a part of it and each team has to have X number of employees not meeting expectations. These are the people getting laid off first. Now they are going to make sure all personal information is gone from the system or else (after we all had... — read more 

"The investor of "The Big Short" fame noted in a Friday tweet that there are 218 companies with a primary stock listing in the US, a market capitalization north of $1 billion, and annual losses exceeding $100 million. Of those, 29 boast market caps... — read more 

Wells Fargo’s Layoff Algorithm struck again at WFA’s Bond Dept where 8-10 traders and support staff were laid off. The algorithm looks at an individuals age plus their salary and bonus relative to their salary range. As you approach the 61- 63 age... — read more 

Is it me or is the company waaaay to fired up about these things? I'm guessing it's just a matter of time before membership in a certain # is required...

Boss told me the OC is starting to look at RTO more closely. Sent me my “scorecard” for Aug through some part of Sept. I was good, but folks this is real and happening. Boss said they are focusing on people not coming in at all and that their jobs... — read more 

https://www.forexlive.com/news/there-are-some-serious-rumours-doing-the-rounds-about-a-major-bank-failure-20221002/

Seriously are the managers just not interested or what’s going on? Have had this happen twice.

My manager keeps breathing down my neck whenever I'm at the office. He's making sure to check everything I'm doing and micromanages my every move. This is only on days we're both at the office. There's been no change to my work from home. Can... — read more 

US employers say they are expecting an increase of pay by 6 - 9% on average for 2023. Looking at the inflation, ga price, rents and overall increase in prices, my guess pay raise this year could be above 5% average. Any inputs or leaks on this... — read more 

Why is EAC contacting me, i didn't call them. Do they call when someone complains about you? Should i worry?

Tell me about a time when Wells Fargo knew what questions to ask in an interview in order to select the best candidate. Situational behavior questions are the poorest way to ask questions. It's horribly outdated. At this point in time, everyone is... — read more 

Any dr-g screening for ma------a before getting an offer? I’m in a state where it’s legal if it matters

Has anyone here ever gotten a raise during the year (aka non-annual raise) while staying in their same position? What were the circumstances or what happened?

Recently applied internal position which is one level higher than my current role, how much chance for me to actually get that job if I know the team lead which is the interviewer and other team members?

The man has stuck around longer than I care to think. Or is he expecting to stay relevant so he'll get interviewed when JD's job over at JPM becomes available?

Don't ask if there will be layoffs or which groups or teams are going to be hit. Just assume it's coming and that nothing and nobody is safe. Then act as if you know you're going to be laid off in the next few months. Prepare for it the way you would... — read more 

Even though we read about weekly scandals, good publicity/bad publicity, still keeps people talking about WF. I realized with all the internal reorgs occurring within the company, it’s executive intention to stir up the dust, and keep people talking... — read more 

If the operating group had a clue as to how much the integration process costs they would all freak out. Wells is holding the bag with complete id--ts manning the ship. Take a peek people you have uneducated sc-m destroying what’s left of a once... — read more 

If Your Quiet Quitting Is Going Well, You Might Be Getting ‘Quiet Fired’ You’ve dialed down the intensity at work, passing on late nights and extra assignments with seemingly no negative consequences. In fact, your boss appears to respect your new... — read more 

Even the three spirits cannot redeem me. Why? I look forward to layoffs. I enjoy making my supervisors lives miserable at the company. I enjoy poking holes in my company’s business continuity plan. I love getting my nice big fat biweekly... — read more 

Can we now agree that fearmongers should not be encouraged?

Just a word about the QA automation craze if I may... the big push in IT nowadays is to 'automate' testing. At an earlier job, I automated a keypunch department. Instead of the requesting company sending paper documents, I had them send a flat file... — read more 

https://www.msn.com/en-us/money/realestate/why-a-2022-housing-market-crash-could-be-worse-than-2008/ar-AA12oNCf?ocid=msedgdhp&pc=U531&cvid=bb77dbe8253f4353a32ac2b16f5a95f8

This is an update to the following previous posts https://www.thelayoff.com/t/1gE9DTMC https://www.thelayoff.com/t/1hf9rA3V (before anyone asks I'm putting in a new post so that it shows in newest so people actually see it) After more than 4 months... — read more 

Anyone’s Empower 401(k) in positive territory over the past 12 months? If so, please share your strategy. I only saw one product offering in positive territory.

Im assuming it’s a percentage of your salary and I can’t seem to get a straight answer from my boss, all I’m told is it’s very generous. But can’t get a figure or percentage and feel awkward asking again. On average with wells (7 mths with the... — read more