Charles W. Scharf has been chief executive officer and president of Wells Fargo & Company, and a member of its Board of Directors, since October 2019, its been 5 years! Oct 25th, 2019 - stock price $51.57 adjusted for inflation $63.08 Sept 11th... — read more
I&P Pay Scales
Most of the stateside job postings have a pay range noted (P4 $95-115k as an example) but the I&P postings do not. Where can I find I&P pay ranges?
P4 Lead Specialist salary
I am a P4 lead specialist and making 115k in average cost of living area......Am I getting lowballed? Also what can I expect my bonus to be?
OOO when displaced
Do I set an OOO when displaced? I have applied for a few jobs within the bank. Should I set an OOO for that reason? Otherwise, I wouldn’t.
56 and looking for a job
I'm constantly being lowballed to the point that it's becoming ridiculous. Is this due to the current state of the job market or is it an age thing? I'm getting more and more discouraged each day and my worry about being laid off has skyrocketed due... — read more
Too bad CEOs don’t have to participate in live debates where they must respond to unanswered questions.
If I were posing debate questions to Scharf, my question would be: “Your time as CEO of Wells Fargo has been a time of aggressive downsizing and, let’s just call it what it is: Profits over People. You have eliminated 40,000 employees, offshored... — read more
P5 Senior Lead HCOL Compensation
Hi - i'm interviewing for a P5 Specialist role and was told to expect ~190-200k base and about 30% of that as bonus. is that a good rate for P5 specialist in a very high HCOL? How much would a P6 principal make?
Been in P3 for 4.5 years-salary growth and next move
I have been in P3 position for almost 5 years, started at around 108k and gross around 120k now . i want to move up a level along with a salary increase, is there a set % increase as internal move? . Not gonna move if salary increase is minimal with... — read more
Survey Reminder —> DON’T TAKE IT reminder
I recently received my first reminder from HR and then another from management on the same day. I’ll count that as one. Turnabout is fair play. Every reminder should yield a contra-reminder that not taking it is the strongest response you can... — read more
She died in her cubicle and wasn’t found for days: Exposing myths about in-office work
https://thehill.com/opinion/technology/4869666-office-death-wells-fargo/ "It becomes evident that the drive to return employees to the office is not necessarily about their well-being or improved collaboration but often about control, visibility and... — read more
He's "Da Man"
Can it be true? Heard today on CNBC: Cramer stating Charlie Scharf is second only to Jamie Dimon in sheer banking brilliance! WOW
Barnhart
I keep seeing more and more folks sprinkle into the first floor after they let go of CCNF. There’s now a decently large group that looks to be settled in the desks closest to the parking lot/gym on the first floor. Anyone want know if these are folks... — read more
Making popcorn for the fire side chat.
Dumpster fire or kumbaya?
Imagine the savings if they cut 50% of the managers
Most of them are well into the six figure range and directly responsible for the so called "inefficiencies" we're subjected to on a daily basis given the constant shifting priorities and wasteful work. They clearly don't have the competance to... — read more
Why The Death Of The Wells Fargo Employee Found At Work Is So Jarring
https://www.forbes.com/sites/lindsaykohler/2024/09/02/why-the-death-of-the-wells-fargo-employee-found-at-work-is-so-jarring/ "The harsh reality is that we are spending our time and energy in the wrong place for the wrong people. For many... — read more
Toxicity level all time high
Leave immediately if you can
Report your rude manager
First step to change the toxic environment is to report your rude manager to HR.
Layoffs next month
They are targeting employees who have been here 10 years and above. Annoucement will follow.
Tracy Kerrins - AI Guru?
I am not familiar with this woman, but I saw that she is leading Consumer Tech and Gen AI. As an aspiring data scientist, I get asked a lot of algo questions, do special projects and present results during interviews. Even my code being reviewed... — read more
Too long in WF
I’ve spent ten years in WF. I don’t exactly regret it. It was a period in my life when I needed a steady job and not be bothered with anything work-related. I didn’t even care about having a progressing career, and yet, over those ten years I was... — read more
TH was CISO at Randstad... Ooops...
Current "CCOG Executive" TH, fearless leader of all BISO's, under the CISO was herself the "CISO" at Randstad for less than a year before coming to Wells during our DE&I hiring bo-m... I guess this explains why she lasted less than a year... — read more
Citi vs wells
Im considering an opportunity at wells. My current comp at citi svp is 200k salary plus bonus is that possible to get at a senior lead role? Appears to be within the band but the band is wide citi doesn’t have the best rep. Apparently so... — read more
Nobody is your friend
I made a mistake and told a guy on my team I considered a friend that I was looking for a new job and that I wouldn't mind being laid off. The next day my manager knew about it. I guess my "friend" wanted to score some points for himself by telling... — read more
More layoffs to come 10/1
If you're impacted, your manager has already had the introductory meeting. Have heard there's no relocation available or being offered.
Layoffs and 401K loans
What happens if you have a 401k loan and get laid off?. Are you forced to pay within a certain period? . What if you cannot pay, what happens?
Why was it a Hub in 2021, but not now in 2024?
The positions removed from Richmond were non-customer-facing roles in the division's brokerage operations. More than 2,000 Wells Fargo employees from other divisions will stay on at the Innsbrook office, according to the... — read more
Rating System
Some are aware some are not so just gonna throw this out there. The rating system is done on a bell curve. Managers are only allowed to give a certain number for exceeds in a cycle. Also guess what… Sometimes they also have to give a needs... — read more
I Need Advice on RTO requirements
I will try to keep this as short and vague as possible... When the RTO requirement for my team was implemented (3x a week unless 4 hours of PTO in a day, holiday policies, no req. on # of hours) I admittedly dragged my feet. My role can be done 100%... — read more
They don't care about us. They never have.
Not realizing that one of its employees has died in its premises is absurd for a company that made the news for having fired people who used their keyboards to pretend to be at work. Centralized audits use camera footage now to catch every person not... — read more
Why/How is Scharf still the CEO?
Stock price hasn't moved since the day he started. Roughly $54 back then and now, which with inflation means the value is less than it was 5 years ago. (B of A's price is up 11% compared to 5 years ago.) So really, declined stock price, no consent... — read more
This place is actually morbid
In the way it sees its employees and treats human beings in general. In some exaggerated fashion it would be a good setting for some existential black comedy horror. The one that leaves you with a sick feeling in your stomach after the movie is over... — read more
India Employees Reporting to US LOB
For those of you tracking, WF did not lose 2,000 India employees in the last week. They just moved them from the COO to Risk. This is the first I've seen of global employees reporting to a US line of business. Not sure if it's any sort of larger... — read more
Can’t stop thinking about Denise Prudhomme
I read this board for fun… I never post here. You know, I’ve been able to kinda look past the RTO garbage, and tolerate the endless campaign of US-based layoffs in favor of cheap foreign labor. But having an employee, a team member just… literally... — read more
Pass on role?
Perfect Executive Director role for my background opened up Lots more responsibility (currently VP) - but with pay increases either capped at 5% or on hold - with no guarantees - until next year. Think I’ll pass on applying, I’ll get a 4% raise... — read more
Do NOT Complete Employee Survey
They are only looking at participation. Your comments are superficial. Actions speak louder than words. If we don't participate they cannot claim employees are engaged. That's their end goal - claiming employee engagement. Unite in solidarity with no... — read more
Brace Yourselves CTO
Only hilarity can ensue.
Six hours, three days a week now required
On a team call in a group under the COO and learned we are now required to be in the office for six hours, three days a week. Is this happening elsewhere?