For all kinds of reasons, including wildly unpopular RTO, it's very likely the Wells will begin consolidating campus locations. Which campus will be axed first, and why: Charlotte Minneapolis Des Moines Chandler (other)
Assuming you are of retirement age
Just got word that all non-customer facing employees in DSM are being "consolidated" (crammed) into one building. DSM currently has over 12,000 WF employees. How do they expect to fit that many people into one building? I'm afraid I already know... — read more
Surprised not to see this on here yet. I guess it doesn't fit the "I hate Charlie" narrative. Maybe Charlie is finally coming around.
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
Upper management tracks notes about every individual, especially if the notes are about certain topics of interest at the time. When you talk to your manager, they take notes about what you say. Even in other meetings besides your 1:1, they'll note... — read more
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
Charlie sounded an awful lot like Stunpf and Sloan in the town hall with “serving customers”, a rerun to the old days upon us?
It seems like everything is shrouded in mystery these days. Basic information is horded and dispensed piecemeal like it’s a gift from the gods. It’s so hard to be able to see the big picture. I used to feel like I knew what was going on and how... — read more
Anybody fired for not going in?
Half the bonus as last year and small raise. Suprised I got it at all.
I interviewed for an internal position and was hired at the time I was told that the bonus would be $46,500/~25% by HR (over the phone). I received a Meets on my review just got bonus figured back today and got 20k the explanation give was bonus is... — read more
Knowing I'm at risk of being laid off at any time not due to performance but solely because of my location has been very demoralizing for me personally.
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?
I've been informed that bonuses are delayed due a Workday issue. Anyone else experience that issue. HR indicates that it will be paid on 2/17
Wells Fargo Bank failed to pay fraud investigators overtime wages, a worker said in a proposed collective action filed in Maryland federal court... — read more
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
Raise +1% Bonus .92% of Target Tech Thoughts; Inflation this last year was at least 10% more like 15% so i'm taking a huge 9% to 14 pay cut. I will be looking for new job at another bank or financial. Bing Ling didn't come through and Charlie is... — read more
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.
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
Has anyone heard any rumors of layoffs for tomorrow? I know they are coming just trying to brace myself
Sincerely, Every one of us
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
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
I busted my azz at WF for years and got Meets and Exceeds and still got 1-2% raises, far less than I deserved for doing a good job. For those of you who didn't "meet the bar" and got below Meets, and no raise, go find another job. For those of you... — read more
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
I moved into my role early 2022. I was told by my manager it was a company decision to not give a merit increase to people who took a new role in 2022. They said the department has no control over it. Is anyone else hearing this same thing or am I... — read more
Technology, 2.9%, $1000 more than last year
Don’t tell me anyone is surprised by this: https://www.dailydot.com/irl/32-dollars-an-hour-dairy-queen/?amp
Any thoughts on the agenda or tough questions to ask?
Curious to know how many received an increase as a result of an "Equity Review"???
Expect to hear from your manager this afternoon or tomorrow morning.
Honestly, I would. I got a solid bonus last year (mid 30K). I have no idea what my bonus will be this year (got a Meets), but if I was given the choice of 1) a bonus, or 2) not being laid off this year, I'd take option 2. Too much anxiety about... — read more
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
Comp is open and managers can generate comp statements although can't communicate until HR sends the ok email later this morning. Wishing everyone the best, I'm sure there will be plenty of posts later about 1% merits and 5% merits, plus promotions... — read more
All I'm thinking about is how to survive this year without being laid off. A bonus and a raise are the last things on my mind. I don't necessarily want to but I can deal without any of those things. I can't deal with losing my job, not in this... — read more
So I am in digital products for over eight years, and I have seen no growth in my pay except the 2-3 percent annual. I just 'woke' up and am worried. Can others please chime in with how much they grew in pay or position level? I just stayed here... — read more
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
Can anyone Saul's org confirm or comment on remote workers seeking other roles? I was originally hired as a "Field Rep" (100% remote) in non Wells Fargo location. I have been trying to change teams for better opportunities but am told that the... — read more