Thread regarding Wells Fargo & Co. layoffs

Tech managers…what is your comp submission look like?

Heard other LOBs say bonus flat to last year and around 3% merit. What are your submissions looking like in tech ?

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| 2047 views | | 7 replies (last December 19, 2023) | Reply
Post ID: @OP+1q5S3Snn

7 replies (most recent on top)

Important thing to note is that they havent given any extra money for promotions. So if you were promoted last year there arent additional dollars in the bonus pool to account for your new role. Your manager will need to steal from others

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Post ID: @4mga+1q5S3Snn

HR tech, Bei got us 5%

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Post ID: @4psj+1q5S3Snn

Yup. %3 and change. Bonus flat. Give the exceeds at least %3 more after forced, fake, stack rank. Welcome to Wells Fu-k 'em.

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Post ID: @3slf+1q5S3Snn

I'm heading the same, merit just over 3% and bonus flat, although that all has to be distributed across the teams so some will get more and some less and in some cases lob leadership may have to claw some back to give to other groups or keep for themselves.

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Post ID: @fbs+1q5S3Snn

I doubt they would even know ??

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Post ID: @get+1q5S3Snn

This will help the attrition Charlie wants.

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Post ID: @rbd+1q5S3Snn

yup

got it in one

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Post ID: @byx+1q5S3Snn

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