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
Moody’s downgrades JPM, BOA and WF
https://www.reuters.com/markets/us/moodys-downgrades-jpm-bofa-wells-fargo-after-us-credit-rating-cut-2025-05-19/
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
I predict Wells Fargo is heading for a major crisis event that will irrevocably break the bank.
I can’t say if it will be in 1 year or 5 years, but the executives are putting this bank at exponentially increasing risk every day. How? Outdated legacy systems which are unable to keep up with sophisticated malicious financial crimes. Outdated... — read more
Most people here are just waiting it out for retirement
Anyone on a team like mine? Not many folks under the age of 50 on my team. Mostly just people who’ve been working here 20, 30 years who hate their jobs and barely do the bare minimum just waiting it out until retirement or until they get their golden... — read more
Account Access
Where did my accounts go? No access.... massive fraud?
Will remote exception managers be laid off?
If a manager is 100% remote, are they a target for layoffs, or due to their skill set etc, are they quite safe? And M2 is the manager current level if that matters.
Here we go
Fresh week ahead for layoffs
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
Who is the lucky one next week?
Who is getting ejected?
Next week
Who will be the lucky one to get ejected?
Wells Fargo Quiz Time: Integrity vs Dishonesty
Between a person of integrity and a person of dishonesty, which one wins all the time at Wells Fargo?
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
Cash balance after displacement
Can you take the cash balance with you? How?
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
Ancillary benefits like FSAs, RSRs and Vision: what to do when, if you are severed?
Just started on 60 days. So far, my read of docs from Cisive is murky on the following so any input welcome. Rally dollars: get them locked up in the 60 days? Vision benefits: get an eye exam and glasses in the 60 days. Flex Commuter: you need to... — read more
Charlie Hates The American Worker
But, why?
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
Anyone noticing managers that only hire their own ethnicity
Anyone notice a trend that usually managers tend to hire and then favor their own ethnicity only. Kind of funny when you see IT teams that are top down Indian and on,y Indians getting opportunities at promotions. I also see analytic teams it’s... — 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
HR-related PDFs Stopped Working After Notice Period. Anyone else?
Prior to losing full Workday access and the end of my notice period I downloaded all (possible) HR reviews. Now that I am in severance, when I try to open any of those saved PDFs I receive a message saying I cannot open the (file name) 'because it... — read more
Trump admin approves over 120,000 H-1B visas for 2026 as tech industry lays off thousands of US workers
There have been over 120,000 H1-B visas approved for 2026 in the United States after there was division among Republicans on the subject ahead of President Donald Trump taking the White House. According to data published by US Citizenship and... — read more
Layoff post dated 5/15/25, 4 hours ago
https://www.weareiowa.com/video/money/business/wells-fargo-layoffs-employees-des-moines-metro-west-des-moines/524-bf43dc53-94fb-428b-b41d-19400e957cdd
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
Just got laid off. When do I get my box to ship my computer/monitors back to wells?
Hey just got my golden ticket. Happy it finally came my way. Now I got a question? How soon before I receive my shipping box to send my equipment back to wells. Just curious, would like to get this stuff out of my house asap. Don’t want to be... — read more
Leadership Intimidation & Bias at Wells Fargo Tech — Have You Spoken Up?”
Does Ethics and HR do anything if you raise concerns about the Tech culture at Wells Fargo. Leadership creates a climate of fear and intimidation, including constant threats to fire white employees if they don’t comply. There is also favoritism based... — 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