California SB 729 fertility coverage requirements starting in 2026?
Curious If….
A consultant with attorneys would gain traction if they were able to determine how many “needs improvements” were handed out in prior years vs 2025 reviews. If the number increased dramatically, then can’t an argument be made that this is their... — read more
Please do needful in next 2 months
Before you get laid off
Forced “voluntary attrition “ to avoid paying severance
https://www.superlawyers.com/resources/wrongful-termination/forced-to-quit-how-to-know-if-you-have-a-constructive-discharge-case/ Proving an employer forced you out (constructive discharge) rather than a genuine layoff involves showing their actions... — read more
P4/P5
Has anyone recently had a “manager” lose their title and been placed into a P4 or P5 bucket? If so do they still have access to all tour HR information?
Cash balance rollover for displaced employees
During the severance period, does one have access to rollover from Cash balance plan to an IRA? What if displacement status is 'Retired'?
WFC target price in next 3 months
$40 per share
Credit Risk
Seems like the layoffs in that group are minor compared to the rest of the risk org. Why?
Did you know severance pay is negotiable?
Do not sign anything, hire lawyer right away!
Sue the sh’’ts out of them when they lay you off
Sue them, report to EEOC, get more severance pay, it’s your rights!
No PTO Payout
Just wow. I was displaced (last day of employment was 12/26/25). Unused PTO payout is due the last day of employment. WF did not make that final payment. When I called, HR Service Center the automated message says payment will be made Jan 30th???... — read more
FU Wellsfargo
Toxic work place
q4'25 severance expenses for 2026 layoffs
Out of curiosity I did some AI based research to see how and when a company must account for severence expenses under GAAP, taking into consideration 60 day notice periods, and basically they can incur the expense when they notify you so long as... — read more
IM & NI rating and regulators
It sounds like A LOT of IM & NI are being given out this year and from what I'm hearing, not for any real reason. But how is this going to look to the regulators, when the majority of team members have sh---y ratings? Maybe it's not an issue? I'm... — read more
Good luck if your manager is H1B
Your manager is waiting for green card. Your manager wants job security. Your manager micro manages you.
I think about quitting at least once a day
It's just the fear of the cr-ppy job market that's keeping me here, nothing else.
Just got an IM. Never got one before.
How long do I have? Im in CTO. Never got that rating before. Basically the rating said I’m good at my job but don’t take initiative blah blah blah. I knew it was coming. Don’t care, ready to be done with this place. Do I have until summer at least?
When to provide notice and still get bounus
I have received another offer and plan on leaving. However, I want to ensure I still get my bonus. What are the rules around that and when should I put in my notice? I obviously can’t ask HR or my boss this type of question…
The job market looks similar to 2009
There are hardly any jobs in the job market. Good luck finding a remote role in this economy when you’re competing with thousands of h1b's and h4 ead's.
RTO report
What does it show? Does it breakdown hours by day? Or does just show average or a bucket you fall in(7+ hours)
Do Charlie and his directs receive performance reviews?
Genuinely curious
ITV
I have been in IT&V for 4 years. Absolute craziness. Meaningless work. No oversight. Individual contributors at Director pay and Sr. Mgr pay all over making big money sitting around half the time doing nothing or stealing other people’s... — read more
2 IMs
Mid year and end of year IM, with both reviews claiming I was trending towards IM. In a DF group that has seen very few cuts. How scared should I be?
LOA and bonus
I’m on STD/LOA and will be for a few more months, do I still get a bonus from last year?
Special layoffs next month due to stock price decline
February special. Good luck.
New head of infrastructure announced. That was quick.
Brady knew he was in the way out or had long planned on retiring.
Bonus eligibility on severance
Anyone know if former employees are bonus eligible while on severance? Said employee made it through the last day of eligibility as a WF employee in 2025. I have heard rumors that those impacted may get a prorated bonus; however, there is nothing in... — read more
Dress code
Is there no longer a dress code? Big fancy new building and all you see is people attire consisting of house shoes, active wear, T-shirts, and well sad to say either heading to club before or after shift. Just curios question. Debating on just... — read more
WF Revenue is less than half of JPM
And even behind Citi. Of the big 4, it's a junk bottom of the barrel stock. Literally. Charlie Scharf can't seem to grow the bank, so he's relentlessly cutting, because it's all he knows how to do. Helps explain the never ending layoffs.
Just got IM, is that mean fire or layoff?
first time IM. will be happy if have a severence package...
Perf Review on 23
My manager set my performance review for Jan 23. That Jan 23 is also the last date for performance review. Should I be worried.
Location Strategy
Apparently has been put on hold . I was initially informed that I would be released at the start of the second quarter. However, today I was informed that this decision has been reversed. While I am grateful to retain my position, I must admit that I... — read more
Wells Fargo misses profit estimates on severance costs, shares fall
Net interest income rose 4% but missed expectations. Wells Fargo forecasts $50 billion interest income for 2026, below average analyst estimate. Net income of $1.62 per share up from year ago, missed expectations. Bank recorded $612 million in... — read more
SPTO in quarterly increments?
In my time with the company, the SPTO bid has always been around November. We could request our scheduled time off for the whole 12 months of the upcoming New Year. We work in a site that is closing. They are only allowing us to schedule in... — read more
So are we all timing our job search for February?
I didn’t get anything the first week of January so I’m holding off on applying until the first week of Feb. Ideally I want to time it so I can resign the day the bonuses hit. I wonder if companies know this so are holding back on job listings until... — read more
Colocation strategy - team members should be in the same location
Seems to be happening
Things are not looking so good so only managers should receive bonuses this cycle.
Then we can pass the savings to severance packages.
Banks credit risk is so well managed then why is the organization so bloated?
There are so many directors, managers, sr leads. All just attending meetings and cruising?
What's the real reward for hard work now?
After seeing it happen to so many dedicated people around me, I'm really questioning the whole point. You watch colleagues who got top reviews and decent raises one year get let go the next. It makes you wonder if going above and beyond actually... — read more