Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Severance Pay

All my peers who’s severance was supposed to end in March got about 4 months extended time due to COVID. My severance ends this month and I get zero extension because apparently COVID and unemployment is no longer a problem according to Wells. It... — read more 

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| 1925 views | | 1 reply (August 12, 2020)
Post ID: @OP+16o0ynph

What Mandy Said is true

Our team is still hiring. So I guess the timeline of layoffs will be even stretched. Just FYI.

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| 1503 views | | 1 reply (August 11, 2020)
Post ID: @OP+16o1ScV1

Bonus Comparison

Since lot of discussion lately is around pay and bonus, I thought of asking this question. Folks who came from other big banks - BofA, JPM, Citi, GS, etc., how was the bonus at that organization compared to WF? Say in 2019 you got bonus of $100... — read more 

People are quitting

They are leaving on their own with no severance and some with no job waiting for them, in this economy! Just think about that for a moment. Think how bad a workplace must be for somebody to decide to leave with no guarantee of finding a new job any... — read more 

CEO Pay

Thought you all would like this one I am actively wondering why I still work here. Add this together with all the new extremely high paid senior managers and it’s a definite boondoggle for the few well connected. All the rest of the peasants can... — read more 

Close any WF accounts after leaving

after I received my severance, WF said they paid me too much and I owe them money. I asked for proof and they had none. I was having trouble finding another job so I paid the amount. It took them 4 months and 25 hours on the phone to change the "... — read more 

Employee Relations Investigations

How can this be right? I am part of an investigation as part of retaliation accusation and the ER investigator told me my direct report was interviewed and shared the details of what was said. Are they that terrible that they disclose that?? I hate... — read more 

What are the odds?

Given the need to reduce expenses does anyone think there is a chance they ask for volunteers to get a severance package? I know of a few companies that in the same position offered those over 50 or 55 the option to leave with a package.

Overstaffed Agile teams

I can easily tell that the new agile strategy by itself made teams overstaffed. What I mean by that is a team consisting of 3 software engineers 1 QA analyst 3 business analyst 2 scrum masters 2 product owners 1 tech analyst.At times it looks... — read more 

Blast from the past

Longer-term employees will remember this. Back in 2014, a Wells Fargo employee sent a letter to John Stumpf asking for a raise for all employees. The outstanding part was that he cc’d in 200,000 employees and it made the news. The letter is in the... — read more 

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| 2894 views | | 9 replies (last November 4, 2020)
Post ID: @OP+16nV1zGK

Thoughts on what happens to bonus structure?

Does it stay the same? Does Charlie look at the percentages for the so called rank-and-file (yes, that includes you, middle management) and pump the brakes? It's no secret that Wells pays out better bonuses than the competition. I know because I... — read more 

Vision values &goals

Anyone happen to notice we no longer have a vision, values and goals statement? Seems odd considering the amount of transformation we need to do. I guess we just need those new “expectations”..

MRP/Midpoint

Saw it mentioned in another thread that the MRP/midpoint is more like the max salary. Is that generally true across the bank? I'm a recent hire and was given the midpoint on the job posting. I'm already thinking about leaving and this may just... — read more 

Have I been Demoted?

I was an ASE5. Now I'm a "Software Engineer". Huh...? A "Software Engineer"...? That isn't even CLOSE to what I do. They also gave me the title of AVP. When I asked what exactly THAT means, I was told "they can get rid of you easier if... — read more 

U.S.-India Outsourcing Economy

At least 300,000 Indian workers, plus at least 300,000 immediate family members are waiting for green cards. They are waiting because investors, Fortune 500 companies, and the Indian government together created a U.S.-India Outsourcing Economy, in... — read more 

Laid off people are the lucky ones

I'd give anything to leave this hellhole with a severance - even if it's not that much. Even if it's just enough to last me until I find a new job. What I'm scared of is being fired - and I see more and more of that each day. They're too stingy to... — read more 

Chances of being displaced.

With all the people who are saying they got a 3 or lower, I wonder if that will be used in part to determine who is displaced. With the exception of the years where we didn't have a actual rating, I have received a 4 every year (meets/exceeds). Any... — read more 

Spans And Layers Decisions in Risk are Totally UnFair

I was floored when M.N. Mentioned in the Risk All Hands Call last week that they were close to making FINAL decisions in Risk regarding Spans and Layers. M.N. then mentioned that people should have their teamwork’s profiles updated, because it makes... — read more 

How far into 2020?

I’m sure they want to get as many people off of payroll by year-end as possible, but assuming that’s not likely. Anyone know if there’s a deadline for 2020 displacements?

New Tech titles at Wells Fargo

Come monday morning I will become a Software Engineer at Wells from being a senior developer while working in highly specialized technology with advanced degree. I guess that is mid level right, LMAO!!!

Retail Branch support

There is a definately been a scramble for all Team Members that support the branch for example Affluent client and credit coaches to justify there roles. They are initiating many more trainings and metings than in the past as before there was not... — read more 

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| 1023 views | | 1 reply (August 8, 2020)
Post ID: @OP+16l1O3W8

WFH

What do you guys think is gonna happen with the current WFH model and layoffs? I know WF is a big on work from home compared to other banks and I think this concept will spread to other roles as well. I currently live in Nyc and recently joined... — read more 

LinkedIn Postings

A flurry of interns and new associates posting on LinkedIn about how great WF is. Do you think HR asks them to do this? If so, what’s the point?

Merchant Services

I work for Merchant Services in Central Sales in Arizona and I heard our entire department was getting laid off. Anyone hear anything similar? Damn you WF!!

EEOC Filing Threats

For all of you posters who aren’t happy with the current situation please be aware that the EEOC route isn’t going to be fruitful. With all these other people losing jobs, they are inundated and likely accepting less then 1% of the complaints for... — read more 

Be sure to take those vacation days! (DONT)

Anyone else super doubtful of "Take those vacation days please for your good and recharge!" I am skeptical as ever. Reality is they are a liability on the balance sheet and will be paid out when the ax falls and they would like to minimize this as... — read more 

Technology - Control Executive Julia Bates Call

wow, thanks for zero worthwhile information, Julia. So far just lots of empty gibberish, some platitudes, and of course several reminders about "the five pillars" and some other new buzzwords that should be parroted. Insightful and inspired?... — read more 

Digital Platform Head

so J Smith is gone, so we can flatten the org. Does anybody know who else?

CRO Update Call - "There is no hiring freeze in RISK"

Just got off the CRO call. CRO wanted to be unequivocally clear that there is no hiring freeze in Risk org. Good, must be an ocean of open roles. Went to check the internal job board, 11 positions.....for the entire company. Typically there are a... — read more 

Did I make a bad decision ?

I recently joined the CIB group at Wells moving from a competitor firm (which is a lot more advanced in terms of volume and sophistication). My main reason for the move was because I faced a toxic team which impacted my mental health and well being... — read more 

Word of Caution!

Folks - Please be mindful of sharing internal information on forum such as this website. This website is just only visible to WF TMs but also to almost entire outside world. There will be post from outsiders just trying to provoke conservation or... — read more 

Career paths

So now that we have been given new titles, when will they announce the career paths? Has anyone heard about this?

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