I'm a contractor at Wells Fargo and last week I was told by my staffing agency that i would be getting a 2% pay cut because WF demanded a cost reduction. This week, there was a company wide note that went out to all people working in EIT (team members and contractors alike) stating that all contractors must take 10 days off without pay (excluding holidays of course) between Oct and Dec.
This is how they are going to start making up the savings.
Did anyone read about the $98M they are going to refund to approx. 110,000 customers who paid so-called “rate-lock extension” fees from Sept. 16, 2013, through Feb. 28, 2017, and give refunds to customers who don’t think they should have paid. Looks like they have to find more money in the sofa cushions.