Thread regarding Wells Fargo & Co. layoffs

You want to save your job? File a complaint.

This Is somewhat tongue-in-cheek. But then again I’m angry. Yes- I’m quite irritated that the execs committed all the egregious crimes and walked off in to the sunset with the cash, not one of them in jail. Who is left in the dust to pay the price for their greed? The employees, the shareholders and the customers. Many of us are all of these 3: We are employees, we are shareholders and we are customers of the bank/brokerage as customers. How many different ways can one company stick it to you? So I’m throwing a thought in to the mix.

WFC is extremely cautious about claims of retaliation against whistle blowers since they were busted hard for it back during the cross-selling scandal. I have heard stories of WFC avoiding cutting certain employees (though they deserved it) during previous layoff rounds because those employees had filed a complaint about a manager, or WFC.

Not saying you should make a story up, but if you have a real concern or if you see something truly wrong maybe now is the time to stand up for yourself, a fellow employee, or for the customer. [Employees working OT, and managers telling them not to clock it. A bully manager. Unfair processes/fees that illegally disadvantage the client] Could they make life rough for you? Yes- they will figure out a passive aggressive way to do that. But will it protect your job? I think it could. The rules of the game have changed in my opinion. They are playing hardball. Don’t follow my advice if you don’t like it. This may not be the right way to go, but I sure wish some of us could figure out a way to level the playing field. Or gain the upper hand. Or at least go out in a ball of flames.

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| 1874 views | | 5 replies (last July 16, 2020) | Reply
Post ID: @OP+15XjL5UP

5 replies (most recent on top)

I don’t know how I feel about this post. I think it works. What I do like is the concept of employees finding ways to take their power back, or stand up to the company. Doesn’t everyone feel like sitting ducks? Layoffs are part of reality, no doubt. But ours are, to a large extent, due to fraudulent activity and mismanagement on the part of the upper ranks. There is something inherently wrong here. Can we stop it from happening. No, probably not. But can you make it more difficult for them to force us to pay for their misdeeds? Maybe. Or maybe you can force them to delay it. They have futzed around for years, indecisive and disorganized, and now they are pulling the trigger during a global pandemic? Come on.

I, personally, do not like being a lamb easily led to slaughter.

What can you do? First off, get your resume together now and start looking for another job at a well-run company who values their employees and their customers. Do it now. There is zero downside. Naysayers like to state that those companies no longer exist but that is not true. Or it’s not safe to be a new hire during the pandemic. Aim for a company who is finding ways to prosper during the pandemic. Life rewards action.

What else can you do? Write a letter to Elizabeth Warren regarding WFC laying off in the US and hiring in India and the Philippines. I think letters could also be written about our consistently witless Board who brought in Charlie Scharf at an exorbitant price. And he is now bringing in his buddies at unwarranted salaries: all while laying off the common worker. Write your local officials too - they don’t want to see job loss in their states. Join the Committee for Better Banks. Write Letters to the Editor to national and local news services. Back before the scandals came to light with the public, a group of employees were creating and posting anonymous digital animated videos on YouTube. Research what actions can create change.

Give it some thought. Are you a person who just stands by and let’s life happen to you. Or are you a person who likes to get the pendulum swaying in your direction.

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Post ID: @1wyb+15XjL5UP

The point is that filing a complaint (assuming valid) protects yourself from retribution under whistleblower law. Before umpteen scandals, didn't work due to unethical WF. After umpteen scandals (when WF was under microscope), it worked.

I did it within the past 1 1/2 years and it worked. Kept me safe from chopping block until I found a job.

OP is correct.

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Post ID: @1xbl+15XjL5UP

Sounds like a good way to end your career.

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Post ID: @1sqz+15XjL5UP

You are always obligated to report those sorts of things. If you don’t you are a part of the problem.

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Post ID: @bgd+15XjL5UP

I don’t know if you are joking, but it absolutely works. I bought an extra year and was untouchable because I filed several legit internal complaints and also with a Federal agency. I left on my own terms and had a hassle free last year. Trust me, it works.

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Post ID: @eld+15XjL5UP

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