Imagine a sliding scale for Pay at Wells Fargo: $40K to $24.5M ➡️you➡️➡️➡️➡️➡️➡️➡️➡️➡️CS Now imagine a sliding scale measuring “value* and performance. One would imagine that an executive’s value would increase proportionally with pay... — read more 

A lot of what is being reported is inaccurate. Layoffs are part of corporate life. And much is not forecasted. As is here. So don’t panic. Relax.

Keep getting desperate emails to fill contract roles for RCSA. Totally qualified to do that. Too bad the middle managers treated everyone like C***p & no-one wants to come back. That's what you get when you hire non banking friends of friends in... — read more 

Happening.

Happening

Can we still do benefit elections in open enrollment? I will have about 6 months on severance and was planning on changing my plan this year. Will I still be able to?

My nervous system feels like it’s already returning to normal. How quickly I am no longer in a state of fight, flight, or freeze.. is wild. I thought I would be stressed but I feel so good.

It shouldn’t be legal for a company to displace you in November and not have to match 11 months 401k contributions

Oct. 3: Bloodbath Oct. 4: Town Hall w/hollow reassurance until the next layoffs (theme: Sorry You Lost Your Besties) Town Hall set in the land of the nice people. What a coincidence. Nice start time, too. Showing blatant disdain for those on West... — read more 

What??? A Town Hall finally in October?? Not that he will have much to say and will probably “uh” and “ah” through the entire thing! I also doubt the audience in Minneapolis will ask any decent questions- if they even have time. The entire fireside... — read more 

Wells Fargo’s Broker Recruiting Deals Can Hit 400%, Sommers Says: https://www.advisorhub.com/wells-fargos-broker-recruiting-deals-can-hit-400-sommers-says/ Broker Recruiting Deals are upfront signing bonuses paid to induce successful Financial... — read more 

8 people in CCOG under TH were laid off... an entire team of people that really did nothing but generate a lot of emails and reporting that no one was asking for.

Why Wells Fargo Is Still Trying to Fix Itself A former Wells Fargo executive was recently sentenced for her role in the bank's 2016 fake account scandal. WSJ's Ben Eisen explains why that sentencing isn't the end of this story for Wells Fargo as the... — read more 

I hate it when we find out there were layoffs and there is no official info on it whatsoever. I always stress the most on days after that.

Grouping people together like cattle is not working. This whole hub mentality is the d-mbest decision.

Once you are laid off from this sh&tshow you are gone for good. Wells Fargo does not want to retain you, keep you or help you get another position. I was displaced in May after 25 years with mortgage. I have been applying to jobs and have landed... — read more 

Who else in Tech misses Saul. I most certainly do. You don't value what you have until you lose it........let me take a sip of my coffee.

Vague-posting on an anonymous forum is not very brave, yet I need to gloat on a place it can't come back to me. My old boss, who tossed me under the bus when I refused to do something I deemed unethical, took over a huge project that was viewed as... — read more 

Just came back from a long vacation. Is anyone aware of layoffs here, specifically in cards? Thanks in advance.

I have enough savings to be okay for about six months if I quit without having a job lined up. Is it realistic to expect to be able to find something else in that time in this job market? I've been searching already but due to being overwhelmed by... — read more 

I guess I'm not shocked that when a former executive at a publicly traded bank impacted thousands of customers and employees, then got away with it with a 6 month at home luxury staycation, that the company whose customers and employees she harmed... — read more 

Laid off in Minneapolis today. REVS Operations COO group. 20+ others laid off in REVS and Collateral Underwriting. I was a disabled remote employee. 8 years of service.

Company A, a prominent cut-throat Wall Street firm, acquired Company B. Co A said, in the initial deal, that its intentions were to absorb all 600 of Co B’s employees. Two years later, Co A’s price had fallen by half, so cost-cutting time. Co... — read more 

NY = 90 days notice CA = 75 days notice 9nce bill goes into effect ((original proposal was 90) Any other states greater than 60 days WARN notice or passing bill to do so soon? Reason for ask: The greater the notice period, the sooner WF wants to... — read more 

Bookmark this thread, it’ll be useful. Here is my prediction, it’ll turn out to be 100% true. All of this offshoring to India will boomerang back to Wells Fargo and to our domestic economy. We are handing the keys of the kingdom to a foreign country... — read more 

Wells Fargo keeps struggling to reinvent itself. Starting in 2016, reports started surfacing about millions of fraudulent bank accounts being opened by branch employees, who told authorities they were under intense pressure to boost their sales... — read more 

In June, the CFO warned investors about onetime expenses by the end of the year in terms of severance due to slowing attrition. They will want our last day to be before Dec 15 in order to avoid the 401K match. Wells Fargo notifies employees 60 days... — read more 

14 so far from my group. Been with wells for over a decade. I am a wfh employee due to a disability. All of us that were let go were wfh employees. Not completely unexpected but it’s a kick in the pants for sure.

My sources say massive changes coming to the comp plan (aka those mortgage folks making $2M a year, expect to make a lot less) and further reductions to product, tightening of credit policy, etc. Comp is supposed to roll in a few... — read more 

Laid off today. It wasn’t a surprise and it was as pleasant as these things can be. Does anyone who went through this have any suggestions? I’m trying to hit the ground running and let people know I’m coming available after 60 day non-working WARN... — read more 

many still wondering where Charlie is. My guess is we won't hear from him until the warning call next month, if we hear from him at all. And while I try not to let him occupy too much space in my head, I do find it extremely curious we have not heard... — read more 

He talked our Board in to making him the the highest paid banking CEO in 2020, so that means he is an excellent self- promoter. He makes $24.5 million per year while laying off $20 per hour hard-working employees, so that means he doesn’t let... — read more 

Who is getting canned?

I can’t believe how lost everyone is at the various levels of management. Everyone is sleep walking to get through the day. The people that used to make things happen are either gone or have just given up because the decision makers are no longer... — read more 

https://actionnetwork.org/petitions/big-3-ceo-petition-1?source=standwithuspage Pro-union or anti-union, Charlie - at $24.5M/year - makes 300 times more than his average employee and 600 times more than his lowest-paid employees. **Assuming 40... — read more 

I'm not going to complain. I'm not going to be emotional. I'm going to get things done.

One — a passionate inventor who builds his company from the ground up, creates American jobs and changes the world for the better: e.g. Steve Jobs The other — a lackluster corner-cutting predator who creates a toxic work environment, guts... — read more 

On Friday, Carrie T. a former WF Executive and convicted felon, got sentenced to 120 hours of community service, a peanuts (for her wealth) $100,000 fine, 6 months house confinement in her mansion, and 2 years probation, for wrecking Community Bank... — read more