I'm here because I'm worried about layoffs. I'm worried I'm going to lose the job I enjoy. I might be in the minority, but I like what I do. If I hated it as much as some of you do I wouldn't fear layoffs, I'd welcome them. I know why I deal with the stress of the constant threat of layoffs, but if you hate it here so much why do you? Why not simply embrace the layoffs as a good, financially secure way to get out of a bad situation?
20 replies (most recent on top)
I loved my job and coworkers, worked long hours, and was praised by my coworkers as a hard worker, and was laid off anyways. It doesn’t matter to the “powers that be”. Everyone is expendable to the ones making all the huge salaries. If it stuffs their pockets that’s all that matters to them.
I guarantee the current CEO will be out in two years and all this reorg b@&,:hit will happen again. Just look at the past seven years to see how wf history repeats itself. Perhaps that’s why the closed the wf museums— because the only good history of the company dates back to the mid 1800’s and early 1900’s, and even most of that wasn’t pretty if you do the research.
I don’t love my job. I don’t hate it either. I like my manager and the people I work with. But I’m a 100% telecommuter who doesn’t live near a hub. So I worry about the job cuts and also worry about the potential push out that may come with the ever-looming location strategy. And I’m pretty sure I’m in my last job at WF, because I can’t be considered for anything else due to where I live. While I don’t want to be let go, I don’t worry about it as much as I used to because I know I’ll get a decent package thanks to my tenure with the company. And that’s the main reason I don’t leave. If I got laid off, between severance and unemployment, I could go about 9 months looking for a job before I had to touch my savings. Where am I going to find that if I leave voluntarily? I could go to a new company, hate my job, or get laid off from there and have little to no severance. So I stay because of the safety net, but I wouldn’t be terribly upset if I did get let go. If it weren’t for the fact that I’m 52 (because age discrimination IS a thing) I may even be hoping to be laid off. In between applications, interviews and networking I could learn some new skills and catch up on some personal stuff. So with all that, I just take it one day at a time with no fear. Some worry, but no fear. Either way, it will always work out.
Post ID: @gja+1b2EPmcg
Good advice for you:
“Be kind. It doesn’t cost you a darn thing. And you might be a happier person if you open up your heart a bit.”
You are living in some alternative universe. I’ll be happy to cut and paste some posts, but I’m pretty sure that would be a waste of time on you.
Most bullies like to pretend they are not bullies, so you could be a classic example. Nevertheless, who you decide to defend and protect says everything we need to know about you.
Post ID: @gja+1b2EPmcg
Sounds exactly like something a bully would say.
There's been zero "bullying" in this thread. Some people saying d-mb things sure, but no bullying. It's really not even possible to truly bully someone on an anonymous forum, but maybe you have an exceptionally low bar for what qualifies as "bullying". In that case, stop bullying me.
@dip. From some of the posts on here, some of the people here would embrace those things.
I feel sorry for them because you know what karma is.
Why not embrace a company who’s C-Suite is laying off American workers and hiring overseas? Why not embrace a company who still can’t get themselves out from under a federal asset cap for a laundry list of scandals and legal issues? Why not embrace a company who retaliates against Whistleblowers? Why not embrace a CEO who can’t/won’t communicate, doesn’t promote a positive corporate culture, and has no understanding or interest in getting the best out of his workforce? Why not embrace a short-term CEO who will spend $22 Billion on stock buybacks rather than taking the long-term view to invest in technology? Why not embrace a company who’s own mismanagement has led to employee layoffs?
Gee - I just don’t know 😏.
While we’re at it- why not also embrace stealing, lying, profiling, cheating, greed, irresponsibility, ignorance, selfishness, obstruction, arrogance, callousness, deceit, and incompetence?
Post ID: @vrs+1b2EPmcg
What do morals have to do with it?
The normal reaction of an employee working for a corporation, who is laying off a large % of their workforce due to mismanagement, is to be disappointed or angry at the company. Denial, threats, resistance, anxiety, depression, vulnerability are all expected reactions. You could read about it, but you would have to be kind enough to want to understand people rather than be condescending towards them.
Speaking of cancer - do you go out on cancer patient websites and bully patients for not reacting in the way you deem acceptable? Then don’t come out on a Layoff site and try to bully people who work for for a company going through layoffs.
Be kind. It doesn’t cost you a darn thing. And you might be a happier person if you open up your heart a bit.
Ya I enjoyed my position as well, until one day out of know where I got displaced with WFC. I didn’t take it personally as I know I was a good employee and had good marks on my record. It doesn’t really matter who you are. However it doesn’t get me fired up to come back and work for them again, even If i had the chance. So now I am taking a 4 to 5 month sabbatical and figuring out my next move.
I'd rather have morals, and sit upon on a high horse in the eyes of some, than not. To each their own though, you do you and I'll do the same.
Post ID: @rug+1b2EPmcg
I hope you don’t fall off that high horse you’re sitting on.
Post ID: @eso+1b2EPmcg
Ok thank you, I forgot about that part. Good point.
I don't like the 401k match timing, at all, but it's not a deal breaker. Still a good benefit, so long as I am still working at the end of the year. Sure, the match rolling in every paycheck would be ideal, but I'll take EOY over a % reduction, which is probably the other alternative that the board considered. If they can save $ by not matching those who resign or are downsized and keep the % for the rest of us...it could be worse. If the match dropped in %, then we have a serious problem. I contribute 20%+ (whatever it takes to hit the IRS max), so I'm not dependant on match $ to retire, but it is certainly a contribution to the cause and I want my 6%.
As far as embracing layoffs, I'm with you OP. People that say their job is 'like Cancer', is 'illegal', etc. are ridiculous. If it's that bad / immoral, I would quit long before they even had the chance to downsize me. To do otherwise proves it's either really not that bad, or that your moral code is flexible enough that you'll do immoral things so long as you get your 20 pieces of silver. I like my job, and want to stay. If I didn't , I'd leave. It really is that simple. I'm not a prisoner, or a hypocrite, or loose of morals, but many are and they come here to tell us all about it.
I can't fathom embracing a layoff. Why? Unless you're close to retirement or hate the company and job so much, then I understand.
Layoffs are uncertain and uncomfortable and inconvenient.
They mean that we only get the 401K match at EOY. And then, only if you’re still employed at EOY.
WF was pretty quiet about it, but it adds up to being a big deal.
Post ID: @zdx+1b2EPmcg
What are you referring to when you mention the loss of interest income on our 401Ks?
Are you referring to the plan provider administration fees, or the high fees being charged by some of the individual funds in the plan? These fees can really eat into your assets over time.
I’m wondering if I am missing something more than these two issues.
You might be in a better situation or more fortunate than others to be able to shrug at the idea of being laid off.
I was tricked to leave a great job and come here. None of the tech or tasks matched what I was told I would be doing and I have atrophied skill wise as a result.
It makes me mad because I know I cannot go back and they were doing cutting edge work, and here I am being forced to work with tech from a decade ago that barely functions.
I used to be a leader in tech. Now I am a drone with a spork.
Thats why I hope for a package. I will need three months intensive real training to be marketable, not this laughable tech college.
Im also curious how this ridiculous 401k scheme is allowed to continue. We are an institution of financial counselors but no one is concerned about the loss of interest income on our assets each month.
Nobody likes feeling like they are not in control of their own life, whether they like their job or not.
There are people here who are hoping for a package, but even they would prefer to be working for an ethical company where they could build a career.