Thread regarding Wells Fargo & Co. layoffs

Stupid of me to stay here for over ten years

I’m trying to look for another job, and having WF on the resume while looking for another banking job is not really a plus. I’ve been trying for months now, and all the offers that came my way were worse than what I have here. I’ve been actually working on my skills and tried to stay current with everything relevant to my position. Doesn’t matter. I really hope it’s only a state of the job market at the moment and not an indication of some major shift in the industry and our employability.

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| 1282 views | | 12 replies (last September 19, 2024) | Reply
Post ID: @OP+1uy0OWVm

12 replies (most recent on top)

Look around all the banks have regulatory issues. As an employee you get free access to ABA. Get educated on facts to stop making excuses.

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Post ID: @2knw+1uy0OWVm

on your resume focus on your skills and what you bring to the new company.
Don't worry about wells on the resume unless your Charlie, then worry alot. :-)

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Post ID: @1vuo+1uy0OWVm

There are ways of taking a negative to a positive. I have been thru h..ll and this is what I learned.... I can contribute to your organization by ....

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Post ID: @1gbm+1uy0OWVm

WF on a resume is an embarrassment. Walmart of Banking. Horrible org. You will find greener pastures elsewhere. Best of luck to you.

https://www.complianceweek.com/regulatory-enforcement/finra-fines-wells-fargo-unit-3m-for-repeatedly-pushing-unsuitable-investments/35383.article

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Post ID: @1wsw+1uy0OWVm

@1hzg+1uy0OWVm
I'm in my late 50's as well. I've been here close to three decades. I've been hearing to draw full social security, someone has to be 67 now. I hope to make at least the same thing on my next job after my upcoming layoff. Good luck to both of us when we are laid off. I've been hearing how other places are reluctant to hire someone our age. Sad, but true. 😓

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Post ID: @1wpf+1uy0OWVm

I was able to leave earlier this year even with Wells on my resume. Took a fairly significant pay cut but fully remote and a much better company.

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Post ID: @1egq+1uy0OWVm

@1grj+1uy0OWVm

I am not the OP but I have been here more than 10 years and am in my late fifties. It’s depressing to think that when I leave the money will never come back (and it’s not great as it is).

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Post ID: @1hzg+1uy0OWVm

It is a tough market but it is the only market within which you can do your search. Just got to do your best. Maybe focus less on salary and tilt it more towards what you'd like to do. The salary will come back at some point, assuming you're not in your late 50s.

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Post ID: @1grj+1uy0OWVm

Trying to find a job in the United States is very bad right now because all companies are trying to keep stock prices up and the only way they know how to do that is by cutting American employees and offloading those jobs overseas where they can pay for the cheaper labor thinking it's a better move.

In regards to having Wells Fargo on your resume a lot of people are getting negative aspects about it and it's not because of the company name but of the segregation of duties that Wells Fargo puts its employees in. The longer you've been with Wells Fargo the more outdated you are in every career field and unless you have been purposely keeping updated in industry relevance then the likelihood of you moving into another position elsewhere is very slim to none as the answers to the questions and interviews will be unknown to you and anyone who's worked for Wells Fargo in 30 minutes knows that on the surface they look high speed they look like they're up to date but internally it's still a company of Excel spreadsheets, friendships over job knowledge, and technology that is outdated even to the vendor standards.

A lot of the people in my professional circle here have basically found themselves going back to night school at the community college just to get a grasp of how irrelevant Wells Fargo has made them because their skills have become stale as the world has moved on to different technologies.

The other problem is remote work is very slim to none and the American companies that are hiring for such golden opportunities a lot of them are also in a lot worse mess than Wells Fargo I mean some of these companies are so horrible that you can dress up as a fake delivery guy walk in and have everything open and accessible to you to own said company.

If you're looking to move on elsewhere and things are not really panning out the way you want you may just want to look at writing up your own blog or professional website and see if you can generate revenue that way a lot of people from marketing to financial people to even technology people or doing a lot more of this and this side hustle is providing a decent return on income

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Post ID: @1swl+1uy0OWVm

Trading in the Golden Handcuffs for a lower paying job that has the potential to be a better working environment is a step most of us prefer not want to take. "Out of the frying pan..." I like the advise I have read that encourages us to make the most of our personal lives since this is just a job. Then again, life is short...

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Post ID: @1ayk+1uy0OWVm

It’s a rough market right now.
I honestly don’t know if it’s having WF on your résumé and that skill set hurts, but it can take 3 to 18 months to find a job right now. Salary wise seems a tad better.

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Post ID: @1yow+1uy0OWVm

It’s easy, keep the course and economy bo--s along with the country. Or vote for the better times like we saw before 2020. Anyone not a fanatic letter person has to agree 🤷🏻‍♂️

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Post ID: @tvh+1uy0OWVm

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