Has anyone heard what the recommended “target” is for merit increase this year? Or know when they will share the target % number with managers? The last few years, target has stayed at 2%. Waiting to hear what it is for this March. (And... — read more
I heard that in Q1, things will revert back to Wachovia’s branch model. One Licensed Banker and one service banker that will also be a trained teller. Why is this not being discussed in important calls or podcast? If you are going to lay me off just... — read more
I think my position is on the spot for a layoff. If I begin looking, clicking on, not applying, at a job elsewhere in WF, will my boss be able to see that?
I am looking external after spending my entire career at this sinking ship. What is the best way to get honest insight on the culture at other companies? (Assuming I do not know anyone who works/worked there)
How many remote ppl do you have on your immediate team. We have 2 and just curious how common it is. (I am not complaining, just simply curious. Kudos to them for doing what they need)
When Scharf was hired WFC closed at $50.71. Even adjusted for splits/dividends/distributions it was $46.85. Now, just over 3 years later, WFC closed at $42.24. Our dividend is half of what it was when he started. Why is WF paying this man... — read more
Things are starting to melt. It'll be an ugly Q4, probably even worse Q1. Things will not start to clear before Q3.
What would you say? Why?
There were layoffs in Charlotte within Wells Fargo Corporate & Investment Banking (CIB) and Wells Fargo Securities (WFS)... I just want to make sure it's documented here.
Workers who survived job cuts say they felt overworked and anxious in the aftermath: 'You're dispensable.' Surviving a round of job cuts can be a tough experience, layoff survivers say. Employees who were kept on told Insider they felt anxious... — read more
Predictions on what will/won't be shared with team members?
Show of hands! What is the worst part about being a DBA here? What is the best part?
"As we continue to pivot from 'wellness' to 'strategy', Andre Kahleem will transition his transformation functions as Technology Service Desk Transitions lead into the ITSD. Andre will report to Hani Jaber will continued focus on transformation... — read more
Plaintiffs seek class certification in an Employee Retirement Income Security Act lawsuit, asserting seven separate counts against Wells Fargo, GreatBanc Trust Co., and former Wells Fargo CEO Tim Sloan for breaches of fiduciary duty and engaging in... — read more
For ppl who are in the office, how long are you in the office for? Are you required to stay there for 8 hours or can you leave during lunch and log back on? Does your mgr say anything?
I’m new here. I notice they have thousands of people in Charlotte who don’t have any skills other than setting up meetings and asking others to make a decision for them. They seem to hire dozens of other worthless headcount based there and make... — read more
50% of CEOs Consider Layoffs in Next 6 Months https://www.marketwatch.com/story/more-than-half-of-ceos-consider-workforce-reductions-over-the-next-6-months-and-remote-workers-may-be-the-first-go-to-11664907913
Got my lovely package today, folks. A paycheck for every year I gave them. Woohoo! Just kidding, it was a daydream. I’m sitting in my rotting cubicle now lel
my wife was hired as a remote worker and now has to walk around piles of vomit and sh-t on her way from the parking garage to an uptown building. no violence better come of her from the homeless vagrants, illegals, and dr-g addicts. This is a... — read more
Are you an insufferable human being who has nothing better to do than judge people on the internet?
Are you just hungry and broke or does any of the practices this place does misalign with your core values? Why do you still work here?
Nobody was hurt, but could have been if they were there for RTO. You couldn’t pay me enough to work in a big city. https://www.wbtv.com/2022/10/04/cmpd-investigating-shooting-wells-fargo-building-uptown/
Seriously I’d like to get out of this hellhole… I’ve been told to avoid Citi like the plague. Which bank is actually decent to work for or is it best to completely get out of this industry?
Between the RTO policy, layoffs, lack of clarity around bonuses/compensation and generally sh---y leadership how do they expect to keep people? I could see how Goldman or Morgan Stanley could get away with it because they pay their employees a lot... — read more
Relevant to banks and their health. https://archive.ph/RX8DS#selection-3599.0-3599.63 While a soft landing is still possible for housing and labor, it's going to get ugly for city business districts. By Conor Sen September 27, 2022, 9:30 AM... — read more
Wells Fargo is moving tens of thousands of client accounts out of its esteemed private bank. Clients with under $5 million are being moved to accounts with minimum balance requirements. It's the latest step in a wider reorganization that has... — read more
I’ve been applying for a new role as my current one is a disaster. I haven’t heard anything back from the HR recruiter. I saw a few posts saying HR is slammed and running behind. Is this true? If so, about how long does it take for a recruiter to... — read more
I see more talk about quit quitting but the fact is I'd be fired the second I tried to pull something like that. I can't imagine being given a task that's urgent and just stopping work when my hours are up until tomorrow. How would you even begin to... — read more
I have been a part of it and each team has to have X number of employees not meeting expectations. These are the people getting laid off first. Now they are going to make sure all personal information is gone from the system or else (after we all had... — read more
"The investor of "The Big Short" fame noted in a Friday tweet that there are 218 companies with a primary stock listing in the US, a market capitalization north of $1 billion, and annual losses exceeding $100 million. Of those, 29 boast market caps... — read more
Wells Fargo’s Layoff Algorithm struck again at WFA’s Bond Dept where 8-10 traders and support staff were laid off. The algorithm looks at an individuals age plus their salary and bonus relative to their salary range. As you approach the 61- 63 age... — read more
Is it me or is the company waaaay to fired up about these things? I'm guessing it's just a matter of time before membership in a certain # is required...
Boss told me the OC is starting to look at RTO more closely. Sent me my “scorecard” for Aug through some part of Sept. I was good, but folks this is real and happening. Boss said they are focusing on people not coming in at all and that their jobs... — read more
Seriously are the managers just not interested or what’s going on? Have had this happen twice.
My manager keeps breathing down my neck whenever I'm at the office. He's making sure to check everything I'm doing and micromanages my every move. This is only on days we're both at the office. There's been no change to my work from home. Can... — read more
US employers say they are expecting an increase of pay by 6 - 9% on average for 2023. Looking at the inflation, ga price, rents and overall increase in prices, my guess pay raise this year could be above 5% average. Any inputs or leaks on this... — read more
Why is EAC contacting me, i didn't call them. Do they call when someone complains about you? Should i worry?
Tell me about a time when Wells Fargo knew what questions to ask in an interview in order to select the best candidate. Situational behavior questions are the poorest way to ask questions. It's horribly outdated. At this point in time, everyone is... — read more