Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

HR Leadership retirements - or something deeper?

Hard to tell what's really going on. Anyone in the know? I shouldn't be cynical about every Teamworks leadership announcement, but help me out here. Are these really retirements or pushouts or escapes or what?

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| 2100 views | | 6 replies (last February 6, 2024)
Post ID: @OP+1qS3FvWJ

Leadership issues!!!

You hardly hear from Charlie and Powell is MIA since the pandemic. I've yet to work for a good manager over there. I have no idea how they pass the interview and selection process. So called leaders are in it for themselves, performance plans are... — read more 

California Home Mortgage Layoffs

Is there any truth to the layoffs that will be happening to the Wells Fargo Home Mortgage Remote Workers this month?

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| 1590 views | | 8 replies (last February 3, 2024)
Post ID: @OP+1qRXX27p

Nice $3+ Stock Drop!

Let's hope it rebounds before people with Restricted Rights want to cash in next week!

Managers, what is the displacement process for you like?

How far in advance are you told the date and who you must lay off? Who assigns the duty you? Your manager? HR? Do you get assigned some training? Are you given a script? When do you set the meeting for and how far in advance? Etc.?

CRCOE update contact info

Assuming the ask to update contact info and gave managers validate locations is a sign that location strategy is coming to ECR sometime in the near future

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| 1128 views | | 5 replies (last February 2, 2024)
Post ID: @OP+1qRgclMC

The layoff formula at Wells =

Zero merit increase + unusually low bonus + offensively high and greedy C-suite bonus = your layoff Congratulations!! It’s just a matter of days/weeks/months before your layoff!

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| 1640 views | | 4 replies (last February 2, 2024)
Post ID: @OP+1qR5c9gi

Control Organization Core Locations

The Control core locations have been announced. Core: Phoenix San Antonio Dallas Charlotte Des Moines Minneapolis Specialty: St Louis Chicago Salt Lake City San Francisco Raleigh Philadelphia/Wilmington New York Boston

February 1st!

The day they award that sweet, sweet dividend money! What does it have to do with layoffs? not a darn thing, except that I was laid off and still reap the wf rewards.

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| 1410 views | | 9 replies (last February 1, 2024)
Post ID: @OP+1qRlXjiH

WFA layoffs Tuesday

Wells Fargo Advisors time is coming on Tuesday for some support staff who have no idea it's coming. These are workerbees who are not in tune to things like this and will be blindsided. Of course, Sol G will still be shamelessly posting another... — read more 

Signs

Is there signs before you were let go. Other than total uncertainty of what's going on. My lob is always changing to try and "balance" work for each shift but no one is being hired and managers retiring with no replacement. Lob is lockbox which... — read more 

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| 1690 views | | 9 replies (last February 6, 2024)
Post ID: @OP+1qQmd4sA

CCAR- Lots of turnover- discuss

Looking at a role in CCAR and I'm hearing there's lots of turnover in that area. Manager playing favorites and not treating people equally ? Any insights?

No bonus

Checked my paystub. No bonus. Was told I'd be eligible but apparently not.

I like that money

today my favorite paystub of the year was visible l. Thank you WF

Bonus

Are displacement employees seeing their bonus in their payslip?

Isn’t it weird?

When you’re trying to give your life to this company and your CEO gets close to $30 million, please post your daily schedule, Jamie and Charlie.

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| 850 views | | 5 replies (last February 2, 2024)
Post ID: @OP+1qQx1A46

WIM hubs

Can anyone tell me the location of the WIM Speciality hubs, and if the Bay Area ie San Francisco/Concord are approved locations? The notice simply states a "a handful of approved speciality hubs" but does not name them.

Ok, who's the id--t...

That thought that giving people 2 days notice before a forced transition to VDI was a good idea, when we all know it takes tech at least a week to respond to any request, including putting a stop to something like this? Good lord.

RCSA Bonus

WF is issuing a 20% TVC bonus to those who worked on RCSA in February, but the problem is not everyone is receiving it. If your leader didn’t flag you, you aren’t receiving it. Doesn’t HR have a list of all individuals that worked on this project? I... — read more 

early pay day - this week

Because I am sure there will be thousands of people wondering where their paycheck is, if your paycheck this week will be over $10K due to your bonus it will not show up in your bank account until Friday. Early pay day only applies to amounts less... — read more 

Cash Balance Lumpsum

In case of a displacement, can you choose to rollover the cash balance lumpsum amount (shown in the cash balance 'model my retirement' page') to an IRA?

Payout of PTO Days

If displaced, I see you get paid any PTO due to you. But what if you went over your PTO and say, used all the PTO for the year before your displacement, so you were negative 4 weeks when displaced?

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| 1450 views | | 5 replies (last January 30, 2024)
Post ID: @OP+1qP7FDy1

It doesn’t pay to be too good

Mediocre people get promoted all the time. In fact, I would say that most of the people promoted are mediocre. But their su-k up skills are outstanding. Leaders are often intimidated by people with great skills, so it doesn’t pay to be too... — read more 

Allspring Global Investment Layoffs coming

Why bother when CEO is never around? 
 Why bother when business is crashing? 
 Why bother to hire when it’s only short term? 
Why bother to show up on Squawk Box? Why bother to expand when it’ll go under? 
Why bother to be fake? 
 Why bother to... — read more 

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| 1669 views | | 9 replies (last March 5, 2024)
Post ID: @OP+1qPFsjzB

Retirement

How much notice is required if one decides to retire? I’ve read the “preparing to retire” handbook and it doesn’t really say. My boss and I get along well, but I have had it with this place and want to leave. I am old enough to retire under one of... — read more 

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