Thread regarding Wells Fargo & Co. layoffs

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Meets, 6% raise, bonus went up from 40% to 50% of my base - P5

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Post ID: @bd+1kg2mf9j4

@ba CommBanking- Exceeds - No Raise; No Bonus increase. In the wrong location!!!

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Post ID: @bc+1kg2mf9j4

What does IM mean?

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Post ID: @bb+1kg2mf9j4

@b8 what the bonus and rise like this year?

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Post ID: @ba+1kg2mf9j4

I wish I qualify for a bonus, but as an hourly employee, well, you know the rest…

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Post ID: @b9+1kg2mf9j4

@b6 I have a peer who is. What do you wanna know

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Post ID: @b8+1kg2mf9j4

COO P3, P2 last year
Under 2% raise
Bonus same as previous, 12k

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Post ID: @b7+1kg2mf9j4

Anyone have any info for senior business execution consultant? It’s my managers first year and we haven’t heard

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Post ID: @b6+1kg2mf9j4

Tech (CyberSec) | non-hub remote | Meets | Pay increase less than 2% | Bonus +1k from last year so $19k

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Post ID: @b5+1kg2mf9j4

In BCM for CIB, no raise and will be getting out as well once check is in. This org is the most messed up I’ve ever worked in.

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Post ID: @b4+1kg2mf9j4

Got an IM no raise no bonus. Please let the layoff god smile on me next week.

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Post ID: @b3+1kg2mf9j4

Commercial banking/ supply chain
below 2.7% raise, Bonus lower than last yr. Core site not a hub location.

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Post ID: @b2+1kg2mf9j4

@az Make sure you are investing in Mag7 stocks. You can make much more in the stock market than salary.
So if you get a $5 raise instead of a $10 raise, you do not feel disheartened because you just made 100k in Mag7.

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Post ID: @b1+1kg2mf9j4

In CIB risk- meets with promotion p5, 7% raise, bonus was 75% of base. 75% of bonus is cash and the rest is RSRs. Will be quitting this bullsh-t job 2/17.

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Post ID: @b0+1kg2mf9j4

WIM OPs - data analyst - Exceeds. 3.5% merit, $7,500 bonus. My supervisor put in the request for promotion for me (unless he's lying to me) but promotion was denied. I'm working beyond my capacity and am just exhausted. My wife and kid are sick (I know everyone is struggling right now) but this just about breaks me. Idk how I'm going to afford medicine. And I work with so many incompetent leaders, its just demoralizing to see people making $200k+ each year while providing no value. Gotta get my resume ready i guess, but the job market doesn't sound very good either.

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Post ID: @az+1kg2mf9j4

I wonder what the board gives Shart after doing this to the rank and file.

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Post ID: @ay+1kg2mf9j4

Same bonus as last year. No raise

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Post ID: @ax+1kg2mf9j4

Same as @as except I got IM.

I was told the 0% merit was because of the IM. With inflation it's a 3% pay drop.

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Post ID: @aw+1kg2mf9j4

@as prepare for layoff

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Post ID: @av+1kg2mf9j4

Teach 3% 45k Exceeds

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Post ID: @at+1kg2mf9j4

Currently in tech, have been here 20+ years. Got meets on review like always.

0% raise for the first time ever, bonus down 25% from last year

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Post ID: @as+1kg2mf9j4

@OP Everyone. What was the tag line for the COMP discussion. What did your manager say was the rationale for pretty much no increases and small cost of living merit if any.

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Post ID: @ar+1kg2mf9j4

Does anyone know if the no raise past midpoint is all LOBs?

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Post ID: @aq+1kg2mf9j4

@a9 same here no raise, small increase in bonus - just above midpoint in the range for my role

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Post ID: @ap+1kg2mf9j4

Tech: high 40's bonus, just under 2% merit.

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Post ID: @an+1kg2mf9j4

@af Yeah, you got sc--wed.

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Post ID: @am+1kg2mf9j4

CLT FIN 13k 3%

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Post ID: @ak+1kg2mf9j4

Tech | Meets | +1K bonus | 2.6% raise

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Post ID: @aj+1kg2mf9j4

I have to be the only P5 in the company whose bonus is under $20k with never having a bad review.

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Post ID: @af+1kg2mf9j4

Where can you see midpoint range for job titles?

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Post ID: @ae+1kg2mf9j4

BCM, no raise and bonus only at about 70% of what I was told target was when I was hired. Meets

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Post ID: @ac+1kg2mf9j4

With inflation everyone should get minimum 4-5% raise.

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Post ID: @aa+1kg2mf9j4

Corp Risk- RMG.

Meets, no raise, 1k increase in bonus .

Was told no one above midpoint got a raise. I am barely above midpoint for my title.

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Post ID: @a9+1kg2mf9j4

Did anyone not get a bonus with meets?

15k bonus with no raise

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Post ID: @a8+1kg2mf9j4

Bonus was up $1,000 from last year, raise was same $ amount, slightly lower %.

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Post ID: @a7+1kg2mf9j4

Each group is going to hear something different and there will be some BS’rs on this forum. What to expect. Flat bonus unless you are way under or way over. 0-4% depending on where you are in the range and rating.

Bottom line - don’t expect much more or less than last year

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Post ID: @a6+1kg2mf9j4

Please include your LOB when responding!

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Post ID: @a5+1kg2mf9j4

@a3 your manager will reach out to you. Doesn't get loaded into Workday for a couple more weeks

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Post ID: @a4+1kg2mf9j4

is everyone hearing this from meetings or is it somewhere on workday?

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Post ID: @a3+1kg2mf9j4

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