What are you talking about? Everyone knows Tuesday after payday is a layoff day. That's how it's been happening for at least 5 years. So stop acting like you got some crystal ball that sees into the future and post something that actually has information. Derf.
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@d6 this post actually made me reevaluate Wells in an ironic way, I've been thinking we don't really do anything well, but truth is we've become a very streamlined and efficient layoff factory. Nobody destroys American jobs more effectively than Wells Fargo. That's a real legacy for the executive team to be proud of
@a4 - agreed. I’m ready…. People say higher tenure less likely. I hope they are wrong. I’m beyond ready
Maybe if people were willing to give specifics instead of vague, emotionally-charged posts filled with racist dog whistles, this board would be taken more seriously. Also, everyone knows that layoffs typically happen on a Tuesday after pay day. How about dropping some specifics and not cryptic rumors.
A common displacement day was introduced by HR in September 2020. Prior to that, each LOB laid off employees on their own dates. HR established common processes and a pipeline timeline to ensure all risk reviews were completed prior to an enterprise wide day.
Originally, these were done MONTHLY with only on day per month. However, capacity constraints soon surfaced and the decision was made to move to a bi weekly schedule using the Tuesday after a payday. As publicly reported during earnings, this has resulted in an annual net headcount reduction of 10-14k employees per year, varying by year.
Exceptions:
- Certain Tuesdays after major holidays were reserved as smaller dates for LOBs that had catch-up layoffs to complete.
- The last 2 weeks of December were also restricted due to holidays.
- The first 3 weeks of January are used for HR system updates each year and layoffs generally resume the last week of January.
It's been this way for several years and does not require a crystal ball to predict.
Feel better? I predict that within 4 weeks there will three pro football games in one day. And it will be a Thursday. One will be in a Midwest city….. I’m seeing cars and Kid Rock in my mind…. Detroit, perhaps.
OP thinks they are predicting something that has been happening since 2019.
Well done OP, well done...
We know. What's next, a warning about the sunrise?
I've been trying to get laid off from this toxic dump for years now..
i even have a email in draft ready to go that final hour when they give me the news.
playing on phone on the way out: https://youtu.be/SwYN7mTi6HM?si=hhBqUHxJulpbs-8q