Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

More Than 20 Makes You a Target

More than 20 tech years of service. Always meets or exceeds. 2 gold coins and many awards. Now my new Indian manager thinks I need to go. Said I sould retire. Total toxicity.

In banking for more than 12 years, ready to leave

Different banks. I’ve seen it all. Banking has been going downhill fast over the recent years as a desirable industry to work in. I know of many cases where college educated people in different banks are paid less than non-college workers in... — read more 

Charlie & Friends

Is the current management really doing anything great? Couldn’t anyone come in & lay off everyone & offshore jobs? And cut everything? Saw it all coming back in 2019.

Medical Accommodations

Rumor has it they are re-evaluating all remote medical accommodations. Does anyone have more information?

India titles

Why is it I have a lowly BEC title and people in India have higher rated titles when I have much more experience and are training them? When I am fixing their work. I mean why do I have to explain Boise is not a person but a city? Yet they have... — read more 

Yeah

Something fd up when you live paycheck to paycheck after 20+ years at a BANK, never got a good raise after 2008! I think it’s time I get out of this banking industry.

WARN letter

https://data.usatoday.com/see-which-companies-announced-mass-layoffs-closings/wells-fargo/co-2024-00042/

# of Employees

Why is there over 98,000 employees under S.P in operations? Doesn’t seem to be spread out evenly & fairly.

Exec team has severely miscalculated offshoring

11 years of working remotely with 5+ years of being told I'm in a targeted group. Then the scripted call earlier this year saying I may be affected by location strategy in Q3. You'll understand my skepticism, particularly after the last round of cuts... — read more 

401k AND SEVERANCE CUTOFF DATES

Example , say your yearly employment anniversary is Dec 17 And you are laid off Oct 20. Does 401k match and severance pay (2weeks per year) calculated on day of layoff or after the 60 days. So in the above example after 60 days on Dec 20 , do you... — read more 

National Branch Network Pay Raise?

Colleen Canny sent out an email today saying “we are increasing base pay for more than half of our branch employees”. Does anybody have more details on this? What positions does this apply to? What much is the increase of base pay? Thank you, — read more 

P3,P4,P5 salaries

With salary ranges provided for various job levels at the bank, how much is HR going to offer candidates whether it is an internal transfer or external candidates?. How much should you negotiate for?.

Opinion 8/20 response

Can not confirm or deny Sounds like I’m out. Only been here a short time. Midwest remote location

Re-org, 1 Year

If a re-organization occurs and someone reports to a new manager, does the one year (you know...the blessing of posting for other positions after one year in a position) start over?

In office time- saturdays?

If we normally work Monday to Friday but come in on a Saturday to catch up on work, does that count in reporting for a day in office?

How much in savings?

How much saved up as a single guy to not give a single sht about getting laid off or not? 400k good?

Onshore vs Offshore

does anyone know the onshore vs offshore numbers for Wells, BofA, Chase, Citi, Truist?

Pay raise ?

I came into work today and was told that the company has re-evaluated the pay and I will be receiving $1.35 more an hour. Has anyone else had a similar situation?

Global Employee Survey

What would happen if there was a drastic decrease in participation to the employee survey? It can’t be worse than their non response to honest feedback. I hope everyone just ignores the survey. Its a waste of time.

The inanity of location strategy

I can't be the only one being driven slowly insane by the dissonance between location strategy being used as rationale for the largest layoffs I've ever seen in my time here, and managers at the same time cheerleading the value of working together in... — read more 

cant sleep

been at Wells Tech for 7 years, and I’ve never encountered a layoff situation like this before. I rely on this job to provide for my kids. What are my options?

Tech Location Strategy Wave 2

Can anyone comment on location strategy wave 2 under TK/Bridget - when will it be complete? And then, is that it for the year? Location strategy only, not efficiencies. Thanks.

Volunteer for Layoff

I know couple people who volunteer for layoff and were laid off. But I read on this forum many times that you can not volunteer. They indicated to their manager if layoff come up - they should choose them first. However, my take is even if they do... — read more 

Senior Leads doing minimums

I have worked with some Sr Lead Data Mgmt analyst and can barely prepare PowerPoint slides, write any excel formula or do data analysis. I just see them to be a low skill PM whose sole job is to schedule a meeting and send notes. Most of these folks... — read more 

The core problem of Wellsfargo

The management teams of Wellsfargo are deeply corrupt, conspiring to intimidate those who are not within their inner circle. They are long-standing folks who bully newcomers. It has been Wellsfargo culture for decades. To truly reform the company it... — read more 

Performance Reviews - Manager Decision Or Not?

I was speaking with some co-workers about performance reviews. One stated that she received an Inconsistently Meets. Per the employee, her manager told her that she tried to fight for her to get a better rating but she couldn't convince "them". The... — read more 

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