Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Sad Story

One of the first guys i worked with at the bank was an old Asian guy. He retired 4 years ago, our group even had a retirement party for him. This guy pushed himself, worked 9 hour days, was online over the weekends, didn't take PTO when things were... —  read more 

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Post ID:  @OP+1kT5aEVY

Bonus Income Tax Withholding

Anyone know how to adjust Federal tax withholding in Workday? More specifically, before Trump changed tax laws we were able to adjust federal exemptions for any given pay period. In turn this adjusted the tax withholding. The reason I ask is... —  read more 

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Post ID:  @OP+1kTOzpF1

Lay off on loa?

If I’m on loa right now, how do I get notified of a layoff? Do they just wait until I’m back, call, email? surgery and just want to know if I should be worried about getting any notifications from management?

The goal is to drive attrition

I don't know many people who are satisfied with their merit raises - if they got one in the first place. I think this is intentional. I think their main goal is to drive attrition to reduce the number of needed layoffs and save money on severance... —  read more 

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Post ID:  @OP+1kSm352F

area 000 gets screwed again

I know Iive in a high cost of living area like new York and as a result I get much less of a merit % increase so those lesser paid folks in places like Des Moines can get more money even though they have better cash flow than I do.

5 percent increase

Now that Merit raise time is behind us. Are we going to get the 5 percent and/or rsr’s? Does anyone have insight on this? I was thinking with all of the talk of people leaving after getting their bonus that this may be the companies response to keep... —  read more 

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Post ID:  @OP+1kSx8dlN

Clown hall feedback

Mr. Schart, what you’ve just said is one of the most insanely id--tic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is... —  read more 

Mixed emotions

Received my compensation numbers. More than expected actually. Good bonus and good merit increase. Layoffs are still in the back of my head. My dept is extremely slow right now. We are basically not doing anything and we’re just waiting to start on... —  read more 

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Post ID:  @OP+1kRYE6oy

Nadeems Org gets no raise

So the bar was raised to make Meets and anyone in Nadeems org who received an inconsistently meets received NO raise. What a crock. I hope WF gets blasted in the media for not giving raises during super inflation. No one will come here if it gets... —  read more 

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Post ID:  @OP+1kRweOWz

Branch personnel

Some significant cuts are coming to the branches. The Bank moves toward a “Universal Banker,” which will replace the tellers. Also, branch closures will speed up at a rapid pace. Which means overall leadership will be reduced. Cutting 3B this year... —  read more 

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Post ID:  @OP+1kRenBDo

It is coming…

A chaotic open for some stocks listed on the New York Stock Exchange sent chills across Wall Street as dozens of the largest companies in the US seemed to erase billions of dollars in market value for no apparent reason, leaving some investors... —  read more 

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