Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Dr-g Test after Displacement?

Do they do any kind of dr-g testing after displacement? With so many states offering THC drinks/edibles nowadays I was wondering how WF and other companies are handling that. Asking for a friend who I know partakes a lot. 😆

How is accrued PTO valued in a payout?

If I have 15 days that should be worth a bit under 3/4 of a month of base salary since most mos are ~ 21 working days. Or equivalently it’s 15 * annual salary / (250 working days / yr). (?) But there could be all kinds of other funky math that is... — read more 

Major layoffs tomorrow

Big cut Tuesdays ahead to trim to meet Q2 targets. See you on the sunshine beaches Sunshine blessings Frank

Senior Manager says its not outsourcing

When asked about outsourcing roles to foreign countries a senior manager became offended by the question and said it doesn't qualify as outsourcing because they're being hired at Wells Fargo...

Question re: RSR's after displacement

I was under the impression that RSRs continue to vest when you're displaced, but the Severance Plan simply says to refer to the RSR agreement. That agreement, unless I misread it, says that they only vest during a retirement. This may not be the... — read more 

India Helpdesk is Terrible

I had to talk to India helpdesk and it was an awful experience. Their connection is terrible and their accent was so thick it's hard to understand. It took 3x longer than it needed to. I spent more time asking them to repeat themselves than... — read more 

Q2

How many do you think will be laid off, displaced by the end of Q2?

Question for WM Peeps /random

I was just taking a moment to think about what insanely wealthy people buy that most people do not even realize is something you can buy… Off topic but had to ask… #random

Next week

Who will be the lucky one to get ejected?

I know I'm not supposed to like my job

But I don't think I'm supposed to feel this all-consuming dread every single Sunday or the overwhelming relief that hits every Friday. I understand this is a transactional part of life, something we just do. But I refuse to believe this level of... — read more 

Don’t be naive

If you believe managers have no involvement in the layoff process, think again. Managers often collaborate with executives to push out employees they don’t favor. Be cautious—many in management prioritize profit and self-preservation over people... — read more 

Agile? It seems like

Always being rushed product owners yelling at us, managers telling us we need to do more, work faster. They say they’ll take the work off of us if we can’t get it done in time and give it to another team. what does that sound like to you? — read more 

Metrics

Is every job at WF like working in a sweatshop?

WFA/CRG

SG is bleeding money while other departments are implementing cost-cutting measures to preserve funds. Recently, 950 premier advisors and support staff convened in Orlando for several days. At a cost of at $2,000 per person, this event would amount... — read more 

The lazy ones never get laid off

Sadly it’s all about politics and being friends with your managers that determine who gets to stay. I work with so many people that are lazy, entitled, close to retirement and don’t care that stay because they have close relationships with management... — read more 

My Manager said

That they didn’t want to be asked about displacements anymore and was sick and tired of talking about it and to not ask about it anymore. Well!!!

Sign on

Hello, A friend of mine is currently interviewing at WF. If a new hire is forfeiting a bonus from their current employer to join WF, does the bank offer a sign-on bonus to offset this loss? Apparently not. She was told that even if she joins in... — read more 

Place used to have a bit more class

I remember when people were laid off years ago there used to be a meeting and the manager would tell the team what happened and ask if they had any questions. The last couple of round now they've said absolutly nothing, like the people never even... — read more 

Midpoint

What is midpoint for WF? Is it 80% of the max?

Global Survey is NOT anonymous

The global survey is not anonymous. If you complete it, they may open an ER case based on your comments. I know a few people that it happened to last year.

You are on the list - cap exit plan

As the firm prepares itself to exit the cap in the coming months , many non customer facing jobs particularly in risk, compliance and governance will come to a grand ending. The firm spent tens of billions to manually bolster certain functions to... — read more 

Is the severance plan too generous?

This may not be a popular question. Let’s suppose the Board realizes it would be easier to get more efficient if it scaled back the severance formula. It makes it easier for an aquirer to come and reduce staff with less severance headwind. It also... — read more 

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