Today’s call could cave been delivered via Mac mail. Complete waste of time. I found out my new job description and was upset that my salary was in the middle range. After my conversation with my leader, I am assuming my current role and also another... — read more
This is ridiculous
Don't you find it insulting that 'attaboy' is the only thing we're getting these days for commendable work?
My new plan
At this point, I plan to do as little as possible. Keep smiling and nodding, while doing as little as possible. They love their yes-men, so it will take them years to figure it out if they ever do. They are too focused on themselves, and too... — read more
[OFF TOPIC] Software updates have been out of control these last two weeks!!!
I just needed to vent.
Appraisal/Compensation Venting
I will probably sound somewhat negative with this post, so I apologize in advance. Over the past 8 years at WF, I have always performed or exceeded performance. A little over a year ago I accepted a new position in another area of WF to better... — read more
Bonuses for displaced team members
I was displaced in late 2020. My manager said I was still bonus eligible for 2020. Does anyone know if displaced team members are being paid bonuses? Are managers contacting displaced team members to communicate bonus information? I am curious if... — read more
Wells Fargo layoffs in the news again
https://www.charlotteobserver.com/news/business/article248756775.html
815am Retail call? Could have been an email.
Anyone have an area president that actually explained anything? Because ours just said changes are coming and that’s it...
WFAM
Anyone know when the sale of Asset Mgmt will be announced and what will happen with the Fund Admin Groups?
Tech Layoffs Feb 2021
we are coming onto the layoff weeks, next week is Feb
Are bonuses based on Line of Business versus role? Especially in IT?
I was told that bonuses are based on Line of Business and not role. Is that true?
Internal Recruiting
Anyone else having a bad experience trying to find another job internally? I have interviewed for other roles in the last month, all which I am well qualified for. I've been rated meets or exceeds every year. You interview, hear nothing for weeks... — read more
bonus announcement
knowing we're waiting on the "ok" from the BOD sometime today-friday on managers getting the ok to release the bonus info. Can a manager please respond back once you've been given the official green-light to discuss comp?
55 years old 401k question
If I leave wells fargo at 55 years old can i take funds from my 401k without the 10% penalty?
Bonus percent
Our group is receiving 80% of what we received last year.
Why do you not use the Tuition Reimbursement Program?
The company will give you $5000/year to take college classes. Considering how many electives are required for most degree programs you can take just about any kind of class you want. So, what's your reason for not taking it? Seems like with... — read more
Many of you have been here twenty plus years
What is your secret to longevity? The longest time I have served on any company was ten years.
Retail bank merit raises
Have not had. Review yet. Are branch employees getting the regular 1-2 percent this year?
Why aren’t they rehiring the employees that were laid off.
In my past work experience, being laid off means that there wasn’t enough work for your position so you were laid off. However, when the work increased you would be called back to return to your formal position. I have been in banking a long time and... — read more
I started in 2001 and Wells Fargo was my dream job.
How quickly things chasnge. Early 2000s were all about financial services, banks and investment bangs were cool - everyone was so proud that we worked for Wells. Now, not so much - many things changed and it'll continue to be painful. Good luck. all... — read more
Branch closures?
When are they planning on consolidating and closing the branches?
Logic
So I perform poorly, I get laid off. Management performs poorly, I get laid off. Management performs well, I get laid off. All roads lead to layoffs.
Funding levels for bonuses was a smoke show
Turns out the funding levels for bonuses was a complete lie. The 90/85/80 % tiers will not be the level that bonuses will be paid. I have not seen the exact numbers but have now heard from two trusted sources (one in HR, dealing with compensation... — read more
CHANGE TO TITLES AT RETAIL BRANCHES???
Anyone have anymore information on this? Will Business Specialist become bankers?
Strategic legal job for offshore of regulatory jobs
No sht - those of you in regulatory reporting thinking you safe from layoffs, i got some not so good news for ya....youve been fingered. If i were you Id ve looking to jump asap before the hammer... — read more
Question about Tech Layoffs
Saul said the next technology layoffs will begin in in the second quarter + go into the third quarter this year. Does anyone happen to know why they are holding off doing any in the first quarter all of a sudden?
Wells Fargo Asset Management (WFAM) Sale
The sale to the private equity firms should be announced any day now. The deal will close on June 30 2021. Those of you sitting around waiting around to see what happens should start looking for a job ASAP. The PE firms are planning on installing... — read more
WFH to mid year 2022
Looks like no company will be able to go back to office until end of 2022. Even if you get an appointment to get the vaccine they keep postponing it as the Federal Government stopped sending vaccine to the states. Cases worse than they have ever... — read more
Outplacement Services
To those who have previously let go, I apologize that this has happened to you. It appears that my colleagues and I will be joining you in the near future. Did or does Wells provide any outplacement services? Thanks in advance
Got a FedEx alert notice today, should I be concerned?
I have a FedEx tracking account that notifies me of any impending deliveries. A notice I received indicated that “Wells Fargo” is the source of a package I’m scheduled to receive this week. I have no idea what this could be. Should I be worried? — read more
Do you think leaders respect yes-men?
Leaders like Charlie use people’s weaknesses to accomplish their goals. If I were Charlie, I would take notice of the yes-men scrambling to please me in order to save themselves. I would use them, then I would get rid of them. Ultimately, I would... — read more
Narcissists and Review info
As a tech lead, there are a lot of people not behaving the way they should behave. Narcacist managers, they feel they are better more qualifed people than you. This can lead to negative effects in the narcasists life. For example, they have 0... — read more
RSOs(now called Compliance Officers)
RSOs(regulatory source owners), maybe 200+, are being eliminated. The CCO and her senior leaders have been hoodwinked into believing the new platform called ENGIn will replace the judgement, experience and vast industry knowledge of RSOs. The OCC,FRB... — read more
Smaller banks
I got a decent offer from a relatively small regional bank (around 1,000 employees) but I'm reluctant to accept. I can't figure out why I'm not jumping at this opportunity since I know that realistically, my job can't be less safe there than it is... — read more
Strong...
"Strong people don't put others down, they lift them up " ~Michael P. Watson That seems to be the theme around Wells right now. Managers that used to have confidence and great teams are now just running scared and ensuring their teams look... — read more
constructive dismissal in a hostile work environment
Have a sh–ty manager at wells? Got a poor performance review with a performance improvement plan? You might qualify for a constructive dismissal claim. Talk to a lawyer before you sign any severance paper at wells fargo: "In order to... — read more
The Consent Order is Morally Wrong
Tons of employees are getting laid off because the company isn't allowed to grow. The business is forced into a situation where they have to get into niches that use less headcount and what headcount they have they ship off to India. It also hurts... — read more
Branch operating call
Anyone have any insight on this and how it is going to affect the branches? I heard simplification of rolls and titles. Will there be compensation changes?
Tech - last day in Feb
I got word our group will all get canned in February 2021. Anyone know any ideas how to avoid this?