Thread regarding Wells Fargo & Co. layoffs

HR Total Rewards impacted today

Many were laid off today in HR Incentive Comp, multiple states, remote and non-remote employees.

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Post ID: @OP+1jxdqwbs8

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Since our TVC keeps going down….
Do we actually have a performance compensation system? I don’t want anyone to lose jobs but this is just Bei doing her part in meeting Charlie’s ten billion cut.

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Post ID: @1kt+1jxdqwbs8

Sounds like the ICCoE has no “center” at all.

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Post ID: @bb+1jxdqwbs8

@a8, nothing was announced about this and I work w/ them all the time. And the groups within IC aren't based around individual IC plans, so no clue what you mean by "can't name them all". They're organized by LOB or function. So a governance team, a team for CSBB IC plans, a team for WIM plans, etc.

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Post ID: @b7+1jxdqwbs8

@am, not sure what you mean by headquarters for this area. There is no "headquarters" for Incentive Compensation. Incentive Comp is part of HR (Total Rewards, specifically), so it would follow the core location strategy for HR.

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Post ID: @b6+1jxdqwbs8

Let’s layoff a bunch of people then go hire 1,500 interns, bring them to Orlando for some Disney time. It’s not a wonderful world after all at Wells Fargo.

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Post ID: @b2+1jxdqwbs8

Isn't the headquarters of this in St Louis? Aren't they getting rid of this location?

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Post ID: @am+1jxdqwbs8

@a3 ICCOE Incentive Comp under Laura Jueng, multiple ICPlans, can’t name them all.

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Post ID: @a8+1jxdqwbs8

Which groups within Incentive Comp?

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Post ID: @a3+1jxdqwbs8

They're incentivizing you to find a new employer.

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Post ID: @a1+1jxdqwbs8

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