Thread regarding Wells Fargo & Co. layoffs

What happened to last in, first out?

Why is it that as somebody who has been here for over a decade I have a bigger chance of being laid off than somebody who's been here for a year or two? Every single layoff round people with experience are cut while those who have joined recently (other than a few exceptions) are safe. Shouldn't it be the other way around?

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| 3167 views | | 34 replies (last June 10, 2021) | Reply
Post ID: @OP+1bgzNqok

34 replies (most recent on top)

In my over 2 decades here I've encountered every type of employee. They basically boil down to 4 different categories.

There are the high performers who are typically workaholics. Some are nice people, others are tedious but most are capable.

There is the above-average which are mostly solid performers who have a few drawbacks, but overall are pleasant to work with. Some of these can be political as they're trying to move up the ladder, but most wind up finding a job they're happy with.

There's the average to below average, which, overall, are much less capable than you'd expect from average. They get their jobs done, and are typically capable, but can be a real bear to work with. This is a huge amount of the people you encounter. Some may soak OT, others will practice severe office politics to cover for their lacking capability. They are often "always busy" and get mad at the above-average for what they perceive to be laziness rather than efficiency. These tend to be fewer if you get into more senior-level roles, but there's always one or two who have been brought along by someone whose brass they shine.

Then there are the poor performers who either wind up firing themselves, or somehow manage to keep a job because they either know someone, or they do just enough to keep the manager happy since the manager is afraid of their fiefdom being reorganized or downsized out of irrelevance. EVERYONE knows who they are and avoids working with them at all costs, but oftentimes they're in roles that make them unavoidable due to the relationships they have.

You have to remember to take what you think of as average and realize that at least 50% of the people around you are below that, some significantly below it. Once you comprehend that, you can have a clearer picture of people.

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Post ID: @1bdo+1bgzNqok

Last in first out would, if enacted across the company, mean the junk Board or Directors, Chainsaw/Fredo/Barri/Saul/Mandy and so many other incompetents will be gone. So I am for that.

Also, this company is now a pathetic shell of it once was, we have freaks, social justice warriors, and uncaring failures from other banks who now have power.

We suck. So many good team members laid off, so many worthless, crooked or “outside pals” hired. Chuck and his cronies, as well as his suckass remaining WF people, all are pathetic losers.

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Post ID: @1yia+1bgzNqok

We need a union

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Post ID: @1fpy+1bgzNqok

Hey desperate irrelevant troll! FYI -no one is impressed by your upticks/downticks. They are as obvious as your desperation and irrelevance.

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Post ID: @1bev+1bgzNqok

bottom line is
the higher your salary >>> the bigger the target on your back

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Post ID: @bre+1bgzNqok

Post ID: @uzd+1bgzNqok

I upticked Post ID: @gkl+1bgzNqok, because I thought the story and the last line was funny. So at least one of the upticks was from me.

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Post ID: @vgv+1bgzNqok

Here’s a laughable moment:

@gkl did not call any one person out, specifically. He/she just said ‘laughing at the threatened troll(s) below”. I did not take offense at that. Because I am not a troll.

So who would take offense at that, unless they knew they were a troll? Unless they were so threatened that they have to get their kicks by calling their teammates “deadwood” “deadweight”, “milking the cow” etc. On and on,. The only person who would respond is the irrelevant troll.

Now I’m laughing too!!

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Post ID: @cml+1bgzNqok

I was definitely not the rookie in the bunch when I was displaced but I am over 60 and raised my hand several times concerning the lack of following COVID protocols (masks and social distancing).

As far as I'm concerned that's what got me displaced.

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Post ID: @buv+1bgzNqok

@bie+1bgzNqok

Exhibit A why we can't have nice things like WFH. Thanks a lot buddy Fer.

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Post ID: @rug+1bgzNqok

Better than furiously upvoting your own post to build up yours. You can tell how unfazed he is because he’s laughing, guys.

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Post ID: @uzd+1bgzNqok

Post ID: @cir+1bgzNqok

😂.

Go find a job where you can feel important, so that you don’t have to come out to an anonymous layoff site to build up your self-esteem.

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Post ID: @ksg+1bgzNqok

Yes and you’re definitely not bitter that people call out you shoehorning your contrived boomer memes into everything. This isn’t some Tucker Carlson facebook group, snowflake.

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Post ID: @cir+1bgzNqok

Post ID: @cyx+1bgzNqok

Still laughing at your desperate attempts for attention and relevance.

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Post ID: @onr+1bgzNqok

Layoffs should have zero to do with tenure, period. It should be about keeping employees who are bringing the most value day in and day out in their roles; if you’re not- regardless of tenure, you should be on the block for cuts.

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Post ID: @rpv+1bgzNqok

me's onlys been here's 6 weeks ands theys says me's have to be lays off

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Post ID: @rdi+1bgzNqok

Epically owning my nephew with “I know you are but what am I”

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Post ID: @cyx+1bgzNqok

It's not about long-timers being more/less valuable -- although I'm sure there are some folks who see it that way. Folks who have been around WF longer came in when the company was flush, and was known for paying well. Back then, average raises across the board could be 3% or more. Adds up over time. So, if the #1 goal is to cut costs, and you have a management who sees employees as replaceable widgets... guess whose neck will be on the chopping block? It feels unfair, but figure it goes hand-in-hand with working for a very large company.

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Post ID: @sfe+1bgzNqok

Oh! The troll found his downtick button. Good for you, troll!

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Post ID: @eyt+1bgzNqok

We lost a more junior engineer with a lot of potential and some skills that are hard to find but he just didn’t have the metrics yet. I feel like we failed him and ourselves. No warning, no PIP, just decided somebody had to go and from what I understand it was all about LOC.

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Post ID: @ulv+1bgzNqok

Laughing at the troll(s), below, who is so threatened. The good news is that he/she is not in charge of anything or anyone, therefore is entirely irrelevant.

My 30 year old nephew, (a charming Millennial), says that people over 40 are “slackers” and “a bunch of has beens”. He also says that anyone younger, Gen Z, has been coddled and is part of the “Participation Trophy” generation. I hate to tell him that the Participation Trophy generation was actually his generation, the Millennials, lol.

In his eyes, you are only worth something between 30 and 40, so I’m looking forward to him turning 41.

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Post ID: @gkl+1bgzNqok

@ihp+1bgzNqok

I have to work with about 5 different teams outside of my own to accomplish the things I need to do my job.

I can tell you on each of those teams there are skilled, highly competent people who get the job done and make my life easier.

But on each of those teams there are way more lazy/incompetent individuals who are very defensive and drag everything out by hiding behind rules and red tape because they aren’t interested or care about the common goal.

You seem to think it’s about peoples feelings and humanity. It’s not, it’s about getting job done efficiently. If I fill out a form for you cos I need you to do something to help achieve a goal. And a job can be done efficiently and politely. Not saying it has to be cutthroat.

Don’t sit on that form for 3 days and then reject it because of a technicality without even bothering to understand the big picture or reaching out for clarity.

If you go to the dmv do you want the efficient person to help you, or the friendly but inefficient person who is going to waste your time and give you the run around…

Same is true at Wells

It’s not about feelings and participation trophies. Its about doing the job you are paid to do

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Post ID: @dtv+1bgzNqok

Todays Schedule

  • 8 AM to 11 AM - Powerwash Driveway
  • 11 Am to 12 PM - Conference call
  • 12 Pm to 1 PM - Lunch and trading
  • 1 PM to 2 PM - Conference Call
  • 2 PM to 4 PM Yard work
  • 4 PM to 5 PM trading
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Post ID: @bie+1bgzNqok

There is so much deadweight here at wells.Charlie needs to aggressively cut it all.

If you don’t add value, sorry you’re gone. Doesn’t matter how long you have been here

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Post ID: @zlb+1bgzNqok

"current skills" = goofing off on your phone all day, not really paying attention, not really caring about your job or planning on staying more than a year or two. Sounds like a great group to hitch the wagon too. I love hearing from the tech group here. Just about everything they do is a cluster F, but they invest quite a bit of time telling everyone how current their skills are. I'm not seeing any evidence of those skills translating to actual performance. Our internal systems royally suck, our outages last much longer than they should, and a lot of simple tools are so locked down with nonsense that they are a pain in the *** to use. And resolving issues? lol, good grief. So keep it up techies, maybe a few more pop ups that no one reads on every single Teamworks site will fix the problem.

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Post ID: @shb+1bgzNqok

A lot of the people that have been here 10+ years are the reason this company can't evolve. It's time for new blood because even dinosaurs become extinct.

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Post ID: @uhz+1bgzNqok

Perhaps because you haven’t kept pace with the skills you need to be successful in your role? We all get replaced at some point and even faster if you just sit around not ypskilling.

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Post ID: @tod+1bgzNqok

Why don’t you get a new job instead of hoping you can hang on? If you have lots of experience it should be easy to get into a better company.

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Post ID: @juf+1bgzNqok

Deadweight & 60 year olds and over are first to go.

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Post ID: @anf+1bgzNqok

I would get rid of the people who call everyone else “deadweight” first.

Inflated sense of self worth + repeated childish behavior = You’re gone. Bye!

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Post ID: @lri+1bgzNqok

"deadweight" = anyone but me

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Post ID: @yhv+1bgzNqok

Should always be “deadweight first”

A lot of of dead weight has been here milking the cow for way too long

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Post ID: @gbg+1bgzNqok

Not in all cases. Myself and a few others who joined and were there less than two years, were cut while others who were there over ten years were safe.
The "love " is spread all over.

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Post ID: @bzg+1bgzNqok

Experience is important, but only for new hires since they're cheaper than long-term employees.

Efficiency is the buzzword of the day, and you, being expensive and sh-t, are not "efficient" since you reduce the earnings per share.

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Post ID: @flg+1bgzNqok

The good old days when experience was valued belong to another century. Now, it’s all about new blood and “digital natives”. If your babysitter wasn’t an iPad you couldn’t possibly have anything to offer the world.

Out with the old, in with the new. Whatever you do, make sure you’re ready to retire in your late fifties, at the very latest.

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Post ID: @jsm+1bgzNqok

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