Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Cash Balance payout

Does anyone know when cash balance payout occurs? Is it after the 60 days notice period?

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| 791 views | | 5 replies (last October 30, 2024)
Post ID: @OP+1vdkAXWT

oh look another Chase hire

new head of cards and merchant is a Chase expat. are we leaving any talent behind at Chase these days? so much for internal promotion bench strength, huh.

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| 680 views | | 6 replies (last October 29, 2024)
Post ID: @OP+1vdn7cDV

In person voting

Does anyone know if Wells gives employees any PTO for voting?

401k match

If I was laid off in September but then hired back in November do I get my 401k match?

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| 530 views | | 5 replies (last November 3, 2024)
Post ID: @OP+1vdfi1zy

Interference with Wells Fargo Union

Wells Fargo is the only large US bank with a growing union. Apparently, the firm is interfering with that effort through intimidation tactics including layoffs. That approach is illegal. The message to Charlie Scharf is simple: don't use thug... — read more 

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| 710 views | | 8 replies (last November 1, 2024)
Post ID: @OP+1vcillZW

Note of the Day

By end of year 10 percent or more of us will be eliminated. CRE losses. New reg issues out. New leadership shaking the heck out of org models. Frozen hiring budgets. 5 to 1 offshore hiring. Focus on yourselves. The company is not going to do it for... — read more 

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| 1080 views | | 6 replies (last October 30, 2024)
Post ID: @OP+1vc8AWyK

Relocation Strategy

So basically Wells Fargo is eliminating jobs in states that have tougher labor laws for employers and where it's easier for workers to unionize, and moving those jobs to states where the employees can feel the brunt of the whip. It's a strategy to... — read more 

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| 1100 views | | 6 replies (last October 27, 2024)
Post ID: @OP+1vczhyvd

PTO pay out

Is pto paid out on your 1st check during severence or your last check in your notice?

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| 560 views | | 2 replies (last October 26, 2024)
Post ID: @OP+1vblwU6q

Retirement

Why did most companies pivot from pensions?

Banker connection

Ppl dropping like flies here. Anyone know the magic number before bye bye 👋? Specifically Salt Lake City hehe

Everyday Banking Lower Ratings

Get ready! We just had a meeting with Site Leaders and they are asking of us to lower the ratings don't go off the PM calculator tool, if you have a Team Member at meets find a way to drop them to inconsistently meets. You can be a level 4 or 5 but... — read more 

PTO payout for Nov/Dec layoffs

If I have 10 days PTO left in the year and get laid off in Nov, will that be paid out in full or since the non working notice runs thru Jan and at that point PTO resets, I lose the 10 day PTO payout?

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| 650 views | | 5 replies (last October 30, 2024)
Post ID: @OP+1va6GT0N

Burnout

Why even bother with layoffs when so many people are already leaving? Burnout is real. It's driving employees out the door, and they’re taking their skills and experience with them. But does Charlie and the rest of the leadership care? Not really... — read more 

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| 690 views | | 7 replies (last October 28, 2024)
Post ID: @OP+1vaSsn9c

Stop lying

I’m so sick and tired of being turned down for jobs within wells. We’ve been told that we can transfer if we find something in another state even in a hub city. It’s all a bunch of bullsh-t let’s tell it like it is, why would you post any new job... — read more 

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| 650 views | | 5 replies (last October 28, 2024)
Post ID: @OP+1vaW6GrT

References / Recommendation Letters

Recently displaced due to location strategy. Maybe I missed this or somehow glossed over this with everything else going on with the displacement. Is it true it is against policy for existing WF employees to provide references or recommendation... — read more 

2nd Thoughts

Does anything happen to your severance if you apply to a lower paying job & then decide to not take it?

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| 750 views | | 8 replies (last October 24, 2024)
Post ID: @OP+1v9w83bn

Non working days? Paid or not?

An estimated possibly lay off date is approaching and I am just trying to gather info. Will the non working portion of the notice be paid or unpaid? And is Severence biweekly or one time payment after that? Anyone have any theories on if Salem... — read more 

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| 590 views | | 2 replies (last October 24, 2024)
Post ID: @OP+1v869tdY

Tracking hours in 2025??

I heard there are steps being taken to track us how long we are logging into the network while in the office. If we are salary, how will that even work?? Anyone else heard of this?

Maximum Raise percentage???

Quick question. If you are going for an internal job that pays more money, what is the maximum raise you can get from your current salary. Can you get the maximum of new job salary or only mid point? 20% from current salary? Hearing so many different... — read more 

How can I fail upwards?

My boss has been with Wells Fargo for over 20 years, the biggest thing he is capable of managing is a bunch of teenagers working as baggers and cart pushers at a local grocery mart. I work with lead engineers who couldn't lead a dehydrated donkey to... — read more 

Gee. Wonder why?

Year end review I wrote su-ked and they wanted to know why? 🤣 Lmfao 🤪 JFC !

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| 710 views | | 3 replies (last October 23, 2024)
Post ID: @OP+1v7DYguF

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