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?
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?
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
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!
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
Merit or not to Merit
Does getting Merit give an automatic raise even if it is 1%?
“Team Announcement” Meeting?
Any idea what it’s about? The meeting at 11 EST?
OneDrive Migration Tips / Issues
Any tips / issues with those that have gone through the OneDrive migration? Thanks.
100% remote (even though commutable to non-core hub) and just promoted!
Two colleagues who are 100% remote (live within 20 min. of office; no medical accommodation, WFH just bc they want to and got special permission from SVB) and live in CA (not core hub location), just got PROMOTED within existing team. Pigs DO fly!... — read more
Can reorgs/job cuts for once be based on sensible long term goals?
When all our jobs become finely tuned and organized by being efficiently outsourced to the Moon and/or by the AI, which tactics will C-suits use to short-term spike the stocks? I mean, layoffs as an option will be gone, and methinks they lack... — read more
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.
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
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?
WF shareholders: Take note of legal action re: Musk's compensation pkg
https://www.washingtonpost.com/technology/2024/01/30/elon-musk-pay-package/ A Delaware judge on Tuesday ruled that Elon Musk’s generous 2018 compensation package, which helped make the tech entrepreneur the world’s richest person, was unfair and... — read more
No bonus
Checked my paystub. No bonus. Was told I'd be eligible but apparently not.
Lead Developer in Midwest
How much should I ask for?
I like that money
today my favorite paystub of the year was visible l. Thank you WF
More reputation washing: Wells Fargo Announces $50 Million Grant to NAACP
https://naacp.org/articles/wells-fargo-announces-50-million-grant-naacp
When were you happiest as an employee of Wells Fargo: working for Stumpf, Sloan or Scharf?
I was happiest working for Stumpf before the news of the scandal broke. Yes it was all an illusion but business was good, bonuses were good, stock was high, managers ran their own departments and it felt like we were all working together as one team... — read more
Bonus
Are displacement employees seeing their bonus in their payslip?
Wells Fargo again asks for dismissal of investors’ class action suit over fake job interviews
An attorney representing Wells Fargo again asked a federal judge Tuesday afternoon to dismiss a class action complaint against the company that claims some employees conducted fake job interviews to get around the company’s diversity... — read more
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.
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.
So… Card Services… You good?
Word is Dillards said peace out. That’s a lot of business.
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?
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
Department Wide Meeting scheduled for Tuesday morning...
Farewell everyone :')
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
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
What can you do if your performance review contains inaccurate info?
I know that the company is doing the forced ranking system and what the end goal is, but I have several comments that are lies/fabricated on my performance review. The writing is on the wall and I’m already looking externally. Just doesn’t sit well... — read more
Sometimes I wish this place would put me out of my misery
This place honestly su-ks. I continue to work here because I can’t find a job that’ll pay me as much money, but Jesus Christ… I sometimes question if the fat paycheck is worth all of the id--tic garbage that we’re forced to deal with. This place is a... — read more