Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Performance Ranking and Bonus Correlation

So is WF moving to a structure where your bonus is determined by your ranking? In the old days you were virtually guaranteed your bonus percentage unless you were on a PIP. With stepped rankings, your bonus is affected by where you fall in that... — read more 

Changes in consumer risk next week?

Given an all risk call next Friday afternoon and a consumer credit risk call that same morning, wondering what changes consumer credit risk can expect.

Hold on internal promotions?

Many of us have heard that linear promotional advancements (position level 1 to position level 2) have been paused. Does this extend at all into filling new positions? For example, will you be screened out if you post for another job more than 10%... — read more 

Stuck in Quicksand?

Interesting that JPMC announced the closure of 28 branches last week and Wells Fargo didn't announce closures in the past 2 weeks. Should be an interesting earnings call next week....

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| 730 views | | 1 reply (October 7, 2020)
Post ID: @OP+17iRXQWn

Has anyone noticed

Has anyone noticed how when the economy is going up and employees have the flexibility to change companies the corporate attitude is all about mental health and making sure your employees are happy but the second there’s an economic downturn all of... — read more 

ET Newsletter

Anyone notice the All Hands Q&A link that pulls up a PDF? One of the questions was around org structure, and a time frame was given.

Advice on how to confront a coworker

A coworker has been sending IMs to my Manager criticizing my team’s work. Nothing wrong with the open door policy and the opportunity to provide input but I am finding out the stories are made up and based on fabricated facts. Our teams do redundant... — read more 

Anyone feel like they are working a thankless job?

I know this has nothing to do with lay offs at the firm, but felt it’s the only outlet for my stress level at the moment... so thank you for letting set this platform. Been with the firm for over decade. Started as a bright eye bush tailed go-... — read more 

Why doesn't this place promote from within

I've been here a number of years and never so few promoted from within. Only people i've seen moved up were from another bank or outside. Talk about no motivation. If your father in law is Jamie you report to the top. If you work here 10 years... — read more 

Lay-offs at Wells Fargo means 60,000 innocent employees are going to pay for the sins of our senior leadership.

Lay-offs are an inevitable consequence of market economics, but let’s be clear: the lay-offs at WFC have less to do with competitive forces and are much more a consequence of poor leadership. The result is that many will end up paying for the sins of... — read more 

Force Rankings/ Ranking Calibrations exactly the same

Over the past couple of weeks Managers had to attend calibration training for annual reviews. This is designed that all job families will compete with there fellow peers from across the nation . So yes there will absolutely be force rankings. The... — read more 

Who is making the decisions for Spans And Layers?

Who is making the decision on who stays and who gets laid off for Spans and Layers? Is it solely HR? Is it your direct manager? Is it the 2, 3, 4, 5 down manager from CEO? How have they managed to keep who is going to be impacted so quiet? My manager... — read more 

Merging with Goldman Sachs, a good idea?

This has been speculated before and I probably old news. But wanted to know who thinks that merging with G.S would be a positive for Wells Fargo share holders and employees? Below is the article that talks about this scenario. Yes, it will be... — read more 

What's taking the spans and layers so long???

Supposed to be 7 spans and layers. 7 Yet multiple dead weight individuals posing as managers have fewer than 7 directs. When is the company going to grow a pair and act on this policy? Or will it be so chock full of nepotistic exceptions... — read more 

location strategy

heard location strategy is alive and well, but COVID has put a damper on plans. That being said, anyone have any intel on if they will offer relocation to employees to move to a new city or will it just be sorry your position is eliminated if you're... — read more 

Handling Gap in Employment

Some of will be impacted by layoffs during covid and given the tepid job market, may end up with a sizable gap in employment. Anyone experience this in the careers? How do you mind the gap? What do you do to fill it while looking for employment? Do... — read more 

Satisfaction

I keep hearing Mick Jagger and Keith Richards 1965 smash hit, (I can't get no) satisfaction, every time I look at this website: “I can't get no satisfaction , 'Cause I try and I try and I try and I try I can't get no, I can't get no... — read more 

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Pending Delivery Package

FedEx alerted me that I have a package coming on Thursday, 10/8. I have not purchased anything. I can not identify who the sender is on the website. Could this be the health care package that team members are supposed to be receiving? Why... — read more 

WF Mutual Arbitration - How do you initiate it?

It's my understanding that after you open a retaliation case, that it gets you absolutely nowhere, as it relates to your situation (or getting you out of it) but only corrective action on the people retaliation. It’s merely the process to inform you... — read more 

XoXo

Hello upper East siders, Gossip Girl here. Sources (Google) say our boy Charlie went to the right schools and had the right connections. He annoyed his way into Jamie Dimons inner circle and wouldn't you know? He's hiring his most trusted circle... — read more 

Wells denies forced rankings, quotas, etc

In Auto, a PDF was circulated to communicate that there are no forced rankings and all that. Who the f actually believes this? They did officially state that spans and layers need to be 7, but didn't say what would happen to managers with fewer... — read more 

QA to move under Dev

We were told that QA will move under Dev group and QA managers are not moving. What will happen to QA, are we doomed?

All (almost) executives are all based in New York

Almost all including Charlie are based in NY. There is absolutely no communication of this that HQ is going to NY soon. We need an activist investor to unseat some powers here and bring WF profitable. Any activist investor here listening? Do... — read more 

Enterprise Testing

Who has any insight on what's going on in "Independent" Testing fka Enterprise Testing? Looks like they are consolidating some of the overpaid Senior Directors who have to interview for their jobs. Once that happens, will the new Senior Directors... — read more 

Layoff survivor t-shirts?

Do you think it is OK to ask management for t-shirts that say "I survived the 2020 layoffs" sometime soon? Hopefully they could get the company logo on it, too.

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