Thread regarding Wells Fargo & Co. layoffs

How do people adjust to constant layoffs?

I tried, and I can't. I get so worked up ahead of every other Tuesday and then it takes me a few days to calm down afterwards. Rinse and repeat. Yet I see so many of my coworkers act like it's not a big deal. How do you reach that point, because figuring that out would do wonders for my mental health?


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| 1964 views | | 17 replies (last December 9) | Reply
Post ID: @OP+1kbwna2jb

17 replies (most recent on top)

@fd You can "tell I'm angry right now"?

You're not very talented at interpreting emotion from written language. This explains why you appear to work in/are a mouthpiece for WF HR.

Passion for fighting bad corporate policy is not anger. It seems you're already trying to manage my expectations in favor of the corporation. We'll see who is closer to reality should my long career with WF come to an end in the manner portrayed in this thread.

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Post ID: @k7+1kbwna2jb

@fd
I don't want to encourage anyone to attempt to engage in litigation against WF for these reasons, however if any of those previous suits were settled out of court they would likely include an NDA, and the terms of the settlement wouldn't be available for the public to view.

Also in my experience, EAP is a joke. I don't want to pick on you or anything but your general tone and choice of words comes of as a bit HR/management style. It makes it a little difficult to trust the intention of your statement, at least for me.

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Post ID: @hz+1kbwna2jb

I ]adjusted' by not caring. My financial planner told me I could leave at any time. But, I told him no. If wells was still willing to pay me every two weeks, I'll take it. No reason to leave money on the table, and when the axe finally fell, I was fine with it......

Cheers!

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Post ID: @ht+1kbwna2jb

@cg, If you're on a performance improvement plan (PIP), the company can terminate your employment.
If you're laid off, however, you're technically not "terminated" — you're displaced due to a reduction in force. I don’t want to discourage you, but I just checked LexisNexis: in the past 5 years, not a single former Wells Fargo employee has successfully sued for wrongful termination in the context of a layoff/displacement. I know you're angry right now — that's a completely normal part of the process. Please consider taking advantage of the free counseling/EAP resources that are offered in these situations. They're confidential, immediately available, and a lot less expensive (and stressful) than litigation. Wishing you the best as you navigate this.

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Post ID: @fd+1kbwna2jb

If it happens, I will go sit on a Caribbean beach and live in my wood hut.

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Post ID: @f4+1kbwna2jb

The ones that left, go see a doc few times, tell him about workplace anxiety and depression, then file for sabbatical and enjoy time off. Yes they can still lay you off but if half of you file for leave…. It might actually do something

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Post ID: @ew+1kbwna2jb

@cf don't care what you, or HR think. I can prove a wrongful termination, and if I can prove it, an attorney will take the case because a win against a corporate behemoth will gain them clients, if not a partnership.

I know how this game works, and I don't do anything that actually justifies a termination. Not having enough work to keep me busy is not reason to terminate for cause, but it is reason to downsize my position. A wrongful termination would just be icing on the cake.

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Post ID: @cg+1kbwna2jb

@a7+1kbwna2jb you think too highly of yourself and your ability to save yourself. Good for you. Maybe you are right and one who will win. I am here to tell you HR doesnt side with you based on past performance and no attorney will either even if you are in a protected class.

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Post ID: @cf+1kbwna2jb

Apparently you are not Indian because you scare

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Post ID: @bs+1kbwna2jb

Multiple income streams.

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Post ID: @br+1kbwna2jb

Dina Rojas’s strategy is to keep kissing her boss’s butt and blaming everything to her subordinates as she is at the edge of being laid off.

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Post ID: @b5+1kbwna2jb

Because of the holidays I’m not handling it well. Before I was like if it happens it happens but now I’m getting really angry. I see more and more execs come on board and their only plan is cut people who are here. They’ll be gone in two years but we be left with the damage. The economy su-ks right now so most of us are looking but can’t find anything. Yeah, I’m saving but bills don’t disappear because I’m trying to save. I’m just an angry cog in the wheel at this point.

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Post ID: @b4+1kbwna2jb

Why don’t you find a new job so you don’t have to live like this anymore?

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Post ID: @ar+1kbwna2jb

I worried about it, finally stopped, and then got laid off. And then rehired. I save as much as possible, and know at some point it’s going to happen again. But I don’t worry anymore. I’m not giving these DBs that power.

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Post ID: @af+1kbwna2jb

Just save as much as you can and expect it to happen to you at one point. It got to the point that I just stopped caring it was going to happen and expected it to happen. I was always looking for jobs on the side, stopped taking calls after working hours, did what I could but never went above and beyond. Our group ended up being laid off and many were blindsided, but it hurt less at that point since I was already anticipating it. Laying people off every 2 weeks is such BS.

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Post ID: @ac+1kbwna2jb

I've survived more than a quarter-century of WF annual layoffs, so they're nothing new to me. The fact they've ramped up to every two weeks for the past 3-6 years (factoring in the covid pause) initially raised the anxiety a bit, but for the most part I've just become as apathetic about it as I am about the job. If it happens, it happens, if it doesn't, it doesn't.

I have zero control over what some executive decides based on a spreadsheet that they feel defines my value to the company, so there is zero point in worrying about it. I do have a pretty good safety net, though. I don't really want to rely on it, but I'm not one or two paychecks away from being homeless.

If/when laid off, I'll have a very difficult time making the same money I'm making, but there's also the opportunity for me to completely switch careers and possibly make a lot more. That prospect alone makes me kind of wish it would happen so I could be forced to venture into a new realm of greater possibilities.

The only real way I lose and it hurts, is if I somehow get fired for cause, which I can easily fight due to a long track-record of great performance reviews. The lack of productivity they could try to attack me with can be met with a solid case that they have steadily reduced my workload, and it's their fault I'm not really doing anything, not mine.

So I'm pure zen about it. I win either way.

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Post ID: @a7+1kbwna2jb

For me, the anticipation was still real because I'm not in a location so I know it's coming... but making sure I am financially ready is what helped me reduce the concerns while also ensuring my network is growing and I'm looking to see what's out there job-wise. If you're in a hub location, maybe you should pursue another job with a focus on what you CAN control and what you can't control should be set aside. Meditation also works for some people. Good Luck! I'm pretty sure December 9th will be my last day at WF personally.

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Post ID: @a2+1kbwna2jb

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