Q4 financial results call indicates that they’ll begin stock buybacks in Q1.
I’ve read on here they’re doing 3% for an exceeds rating, meaning everyone is making less… unless, of course, you get paid mostly in shares.
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- 8% is the total pool given to managers and includes promotion raises so don't expect much more than 2% for anyone not getting promoted.
@3szs+1kFKYj7a Do you mind saying which LOB you support? TCOO team and I was told to expect 2.5 tops.
Weird, no one in my team got under 3%, and we're not some flashy tech or big profit group either.
@1chl+1kFKYj7a Maybe for herself lol. Managers have the merit #s - no one over 2.9% on my team.
Bei Ling fought for and got 5%
Considering that the pool was larger than 3%, if you're getting 3% for an exceeds it only means you're at the top of the pay range already.
@jcn I guess we’ll see, but if I get 1-2% again, I’ll be mighty interested to know where the rest is going.
There’s no need for a merit increase if someone’s getting the axe.
$353 million severance I’m the quarter, think they said 10-11% workforce reduction since 2020.
I did hear M Santa mention, during some comments on expenses, some $ related to merit increases associated with inflation and then expenses related severance. Here's your merit increase and there's the door!
So other than that Mrs Lincoln, how was the play?
- 8% is the merit pool. I would bet those with exceeds and plus get more
Time to GTFO!!? WF is a failing company. The end.