I’m around $220k, is this too high for raise?
Required Absence policy now being enforced…
This place is doing all they can to force attrition….
Wiseman Campus
Anybody know anything about the Wiseman campus? They have been renovating. I also read an article that said they are reducing their footprint in San Antonio. Wondering if they are planning to shut this campus down?
Truist, Wells Fargo, Bank of America trail in customer satisfaction report
The three largest banks in North Carolina — Bank of America Corp., Wells Fargo & Co. and Truist Financial Corp. — remained ranked at the bottom of the 2023 J.D. Power rankings for overall satisfaction with national and super-regional... — read more
Who's dreading stack ranking EOY review?
They should call it stank ranking, bc mgrs shove good performers into Needs Improvement (2) so they can give their brown-nosing favorites Exceeds (4).
Please share your last year's bonus
Please share your last year's bonus percentage along with your title. Mine...Lead software engineer 14%
Merry Christmas
From Charlie Scharf’s penthouse to yours…
Severance being reduced?
Any word on severance being reduced to one week per year of service? Benefits book still shows two weeks per year of service but people are talking about changes being made. Does anyone know for sure if/when this will happen? This is the first time... — read more
Profit sharing??
What ever happened to the 401k profit sharing? For years it was down to 1% but the last couple years has been nothing, even with great company profits. I can’t even find it referenced in the benefits book anymore…
Not worth a Thank You
We're just worth a thanks. Chainsaw doesn't have the decency to thank us for our hard work according to the corporate communication this morning.
Wells Fargo Resolves Ex-Worker's Age Discrimination Suit
Wells Fargo Bank N. A. and a former investment management specialist who accused it of favoring her younger colleagues, unfairly reprimanding her and ultimately firing her without severance because she was 73 years old have agreed to drop their... — read more
Let’s play survivor
Survival of the fittest. Let’s play folks! Who can hold out until February 2? Who loves their jobs? It is truly unfortunate that we are all in this position. It is unfortunate that we do not have executives that appreciate their underlings. Best... — read more
RTO - no reason
I live within 4 miles of the office and I drive to work. If someone lives within that range there should be no reason not to come into the office. We are required to be in 4 days when January arrives. Heck, many weeks I have been in 5 days. No big... — read more
Another DE&I Exec bites the dust
The last LOB DE&I person seems to be zz'd. Wow ole Kristy is doing such a great job that she keeps making job openings! Lisa R was the last and best of the DE&I execs. Three LOB leaders moved under DSRI in three months and now they are all gone. ... — read more
Government involvement
Why hasn’t the government had more conversation on banks moving US jobs to India and the troves of layoffs? We need more conversations on what banks are doing to their employees. The last Senate meeting for the most part only focused on basal. .. — read more
WFH rest of year
Heard this morning that Citi is allowing their employees to work remote the rest of the year. Would be nice if they did that hear.
How do you maintain a positive work environment amid constant layoffs?
If somebody has managed to do it, please let me know. Our morale has never been this low and it's getting worse. It's just a horrible work situation all around.
Being laid off would be a kindness at this point
Overworked doesn't even begin to cover the state I and my entire team are in right now. If the hope is to get us to the point where we will be completely burnt out and quit, I hate to say it but it's working. I'm dreading Monday so much that I'm now... — read more
In the IP (investment portfolio) group, what in the world do these “business managers” do?
Everything is a fire drill. They must be cc’d on everything. Well, they are just plain mean. They bring nothing to the table.
All You Want for Christmas is a Severance Package, wrapped on a bow?
Wells people are so miserable, they are begging for a severance package. I don't blame them one bit.. I would not wanna work for an instituion with so many consent orders or an asset cap.
Failed banks
Back in the summer, I bought boatloads of stock of the 3 failed banks, first republic, silicon and synchrony for cents per share. Now are are on the way up, and if things pan out favorably, I will have enough to retire. Kind of ironical I am banking(... — read more
Christmas layoffs
What are the chances of cuts next week? As a special Christmas gift from Charlie to all of us.
Managers Incented To Get Employees To Quit
Are managers getting any type of incentive to get employees to quit? I had a manager tell me to quit and find somewhere else to work. It really felt like they really wanted me to get off their team. The tone was nasty and seemed personal. It wasn't... — read more
Voluntary severance
This should absolutely be on the table. I am not in the camp of dying for a package. I want to stay and continue my work, but I know several colleagues with very different feelings. They are excited by the prospect and hanging on to see if they can... — read more
another reminder to TAKE YOUR MONEY OUT OF WF
Literally DOZENS of better options, higher rate accounts to put your hard-earned money into. Let your MONEY do the talking, stop with the whining on this board which gets nothing accomplished. MOVE YOUR MONEY OUT!!! I did, it's super easy and... — read more
Tech going to be HP
Wondering if anyone knows how much of tech will be run by HP ultimately?. Many positions eliminated and are now Contract roles oitsourced from HP.
Audit, where are you?
Audit was supposed to be monitoring front line risk work. What happened? Asleep at the wheel? No doubt this asset cap is staying for the next decade. Sub-average auditors from Citi flocked over. Left behind a huge mess at Citi and now causing... — read more
Charlie’s Top Ten Holiday Wish List
Eliminate severance packages, benefits and equal employment opportunities for all employees except the Senior Leader team. All employees to be Offshore and working for minimum wage. The OCC, the Federal Reserve, the Senate Banking... — read more
Alright keyboard warriors, who's really quitting after you get your bonus?
I read it ever year around this time: "I'm quitting once I get my bonus!" As a manager for many years, I've never seen it happen on my team. What say you, are you really going to quit after you get your bonus? Do you have a new job lined up where... — read more
All I want for Christmas is you! (To quit)
All I want for Christmas is more of you to quit. Love, Chainsaw
This will be an ongoing thing
It bugs me that there will not be one major layoff round after which we will know we're safe. WFC will just continue doing what it has been doing this whole time - having continuous layoffs in different areas all the time. Job security is now a... — read more
401k match eligible today
Hi, all, if you’re ready to quit, today’s a decent milestone day to do it. If you’re employed as of today, you’re eligible for the annual 401k match. Note that for those hired 2021 or later, there’s a vesting schedule for to be mindful of. Or, if you... — read more
Christmas card from chuckles
Employees. Um I’m sad to see how many of you are on this distribution list. Um. This may be your last year at Wells Fargo as we try to increase efficiency across the bank. We have set aside 750 million for severance expenses and um your days may be... — read more
Tech managers…what is your comp submission look like?
Heard other LOBs say bonus flat to last year and around 3% merit. What are your submissions looking like in tech ?
Can I get my 401K match in JPM?
Just wondering.
At least 40k cuts planned for 2024 based on CEO comments
Based on the CEO comments recently, it looks like they are planning to cut at least 40k jobs by the end of 2024. Based on what he recently said to book an extra 750 mill to a Billion in severance expense for 2024. Based on the recent history, WF... — read more
Upcoming Layoffs
This Company will lay off current employees yet they have hired " Behavioral Experts " to come into branches with the DM and the like-to tell us where we are going wrong with Customer Service. You see if a customer gives the branch a bad NPS score... — read more
Year end review/rating
Changed to a new team this year, manager obvious has favoritism in the team. I got meet in mid year review , but things has gone south since then, she hasn’t scheduled meeting for performance improvement or anything like that, seems just leaving me... — read more
Start going in
I recently happened to overhear a conversation between an HR executive and another executive in my office building. It was mentioned that if you are not assigned to a hub location, you will be among the first ones to be let go. Unfortunately, this... — read more