Over the past several months, I have been anxiously awaiting what seems like will be my eventual departure from the bank. I have worked at Wells Fargo for 16 years, and it is not the company that I fell in love with in my early 20s. It is sad to see that there are not many personal relationships, opportunities for advancement or recognition for effort that rewards someone to perform at a high level. Instead, it is endless days of meaningless metrics, HR calls because someone's feelings got hurt and playing to the egos of absent leadership who fail to provide real direction, change or motivation. I have come to grips with my imminent divorce from WFC. I am hoping for a severance package to help while I search out new employment... either way, if I don't get it - the search is on. Wish me luck! :)
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“YOU GET NOTHING !!!! GOOD DAY SIR !!!! “
To all the employees that are high on their jobs at Wells Fargo: Wow good for you! You’ve got it going on! Let’s see how long you can keep that going. I would liken it to the newlywed who says “they’re never going to go to bed mad”, the single person who advises their friends with children how to raise their kids, the 25 year old guy who says he won’t the be the one who gets a Dad-bod, the teenager who says “she’s going to be a cool parent!”
Check back in with us in 5, 10, 15 years. You don’t even know what you don’t know.
I'm at least half sure that I want to be laid off. This is such a poorly run company. Being laid off gives me a perfect excuse for being in the job market.
If nothing else, I desperately want to see middle management get gutted. And also people like "business liaison consultants" (ie glorified secretaries with no discernable job skills).
@nsa+16DRzPDG You should never ask for a package. Now, they know you are want to leave, so they are going to let you leave on your own - without any severance. I have seen it happen before many times!
Told my manager I was hoping for a package and I would volunteer. Its out of his hands as with spans and layers, he maybe on the outs. I would happily give him my job. I started in my 20's, now in 50's and gave it my all. I am tired of working for this company because they consistently do the WRONG thing. Sad.
Me too, 21 years
From many of the posts, it appears they're making a very good decision removing the dead weight. You should feel lucky for a severance package. The company owes you nothing They could just as easily say GTFO, which some of you seemingly deserve. You think just because you have an extended tenure that's supposed to mean something? It doesn't, nor should it. You are getting a paycheck and benefits. Beyond that nothing else is required or should be expected. You're entitled to nothing. Welcome to capitalism.
I don't WANT to get laid off, but will def take a package if it comes to that. OP would get about 32 weeks + the 60 day notice. I too have been looking elsewhere but honestly don't want to leave given how much PTO I have and not wanting to start over somewhere else. But as all the "long timers" have noted, things have changed a lot and not for the better. The company has added a ton of process, and layers, and too many people who want to opine on every friggin' thing. And many of them make id–tic decisions based on politics or some ivory tower theory. It's absurdly difficult to get anything done quickly.
It’s probably not rational to expect people to just leave an easy paycheck. The bloat and extraordinarily cumbersome processes are the fault of management.
And it really is taking much too long for real actual facts about layoffs to emerge, they need to move quickly. That’s probably partially a strategy to hope for attrition and not attract too much attention during the pandemic, but it has the effect of frustrating everyone.
Don't pray or hope for a package. Make it happen and volunteer yourself out.
@bvx+16DRzPDG - already done - just biding my time now.
For everyone on here who is "hoping for a package" raise your f ing hand and ask for one. Otherwise you're just kidding yourself.
Some of you people make me sick! Grievances, doing no work, hanging on for a package. No wonder we are a bloated inefficient organization. I have been wondering what the heck so many people actually do here and why it takes forever for even the simplest things to get done. Meetings with 20 people just for two people to have a conversation and set next steps.
Just get the heck out and let those that want to earn a honest living have a job. The irony for you people will be us newer hires will be let go and you’ll be stuck in your self-made misery! Why do you think they will fire those that cost the most? It really show your lack of intelligence.
FULL OF IT! I worked at another bank and my coworker was there 20 years. On and on, every day all I kept hearing was she hopes they give her a package. Bank is not what it used to be. I never complained. Then low and behold, I was the one who got the severance package. She was scared out of her mind when I told her. Guess what? She's still there and doesn't plan on going anywhere. Meanwhile, I suffered looking for a new job, took an ill fit job right after and was treated awful and I then ended up here. People have been decent to me and I have nothing bad to say.
I say you're full of it like my former coworker was. You just want to gripe and if it happens to you, you won't feel so happy then.
I think you should leave if you hope to be laid off. I want to be here. If you want to leave you might just be the dead weight they want to cut bc are you even really working?
For those of you criticizing those who are hoping to get laid off for just not up and leaving, these are the people who have gutted it out for the last 11 years of 1-2% raises, reduced then canceled profit sharing and jerked around in countless other ways. So yeah, if there is a chance to walk away with a chunk of change we will take it. For me, if I'm not laid off I will wait to see what the lay of the land is but after the EOY I will not do any work. I'll log on. I'll send my manager an email of no worth and then nothing. I won't just quit or abandon my position. They will need to walk me through the long inane HR process to fire me while they keep paying me. If I get to the point where it is obvious I am getting my 'final' coaching, I may turn in my two week notice and collect that paycheck too or file a grievance for age discrimination. At that point, just for something to pass my time.
I agree with someone who said just leave. All of you "hoping " to get laid off are talking out of your a–. I want to be here. I don't want to be out pounding the pavement looking and being rejected over and over again. Think about what you're asking. It's not easy out there with so many others out of work. Why don't you volunteer to go? You're full of it, that's why.
Actively se as searching for my next opportunity. Timing could be better but it is what it is.
I came to WF as part if an acquisition and to say it had been painful would be a gross understatement.
Layers of bureaucracy. Meaningless conference calls with 20+ persons barely listening.
The bank culture is slowly crushing our once unique business model and has invited additional competition.
Having said all of the that...i still think in a year or so Wells Fargo will be in better shape. it's easy to forget that Citi, B of A and even JPM have endured major issues.
Wishing everyone well and much success. It's just going to be a bumpy ride.
Yes. A thousand times yes.
For those of you wanting a package, please leave. You may spare those of us that want to be here from getting cut.
I’m exactly in the same boat as OP. Actively seeking employment elsewhere, secretly hoping for a package so I could get paid to search full time. Our company is a disaster and is only getting worse. I had high hopes that when the settlement hit, we could root out the problem folks and move on to be an even better company. Nope. It’s been a 20 year ride and I’m ready to get off.
After 19 years at Wells Fargo, I was displaced last August. Exactly a year ago. While the world is much different than it was a mere 12 months ago, there is light at the end of the tunnel. I got a new job at a credit union and love it. Really, you should check them out. Get this: they are all not-for-profit and don't have to answer to Wall Street. The is life after Wells Fargo. It might take a while to get to a better place, but nothing is worth jeopardizing your health over insipid conference calls and unrealistic deadlines and toxic work environments. Ask yourself the last time you weren't embarrassed to say where you work and didn't dread getting up on a Monday morning. I'll bet it's been years. Good luck to you all!
It s—s to see so many people are miserable here. I must be real lucky because the division of the bank I work for is great.
I was hoping to get laid. Does that count?! Overworked and stressed out.
Same, there is no culture or opportunity for growth. When I first got hired I was proud and excited for my career. The excitement is gone and its time for me to start fresh somewhere where I will be appreciated and my hard work will be valued. I've realized my expectations will never be met by any company out there so I've decided I will never work directly for any company. I am going to start a small business and regain my life and my passion! I will gladly take the layoff!
Yeah, well I am NOT hoping to be laid off from my job at Wells Fargo. I have worked VERY hard at Wells Fargo during my now many years at the company. Spending LOT's of overtime, at night and weekends, often "suffering", to ensure I met my project objectives and learned new skills that I needed to keep my job there. I remember having to collect the lousy unemployment benefits and 2 months severance pay from a former bank I worked for that laid off all of the IT employees and replaced them with Indians, from the country India. It is bad when that happens to you. It is not OK. Very life changing, and for the worse for quite a while. Then sometime afterwards, things can get better with a new job. Do not be hoping you are selected to be one to be laid off. You do not realize how bad it can be afterwards.
Well said, OP. I share all of these sentiments. I have felt a little guilty for hoping to get a package. Now, I don’t feel so bad knowing I’m not alone. I go to bed mentally exhausted and dreading what the next work day holds. Working conditions and management (I don’t consider them leaders) are borderline abusive. I’m so done!
I was laid off last year after 14 years. There is life after Wells Fargo. I promise.
I’ve worked for Wells for 18 years, and I will happily volunteer for a package. It’s time. This company is a mess and getting messier.
Me too! 20 years here and hoping for early retirement. Things are not the same anymore. They have s—ed the fun out of working. I literally used to wake up excited to go to work. Not anymore. Horrible leadership, politics everywhere, meaningless tasks, we are just hamsters spinning on a wheel. I want a package so much i can taste it!
Hoping i get caught in the spans and layers clean up😂
Aren’t you concerned about missing the justice and privilege call?
This is exactly how I feel; been with the bank for 15 years. Joined in my early twenties as well and was so proud to say that I work for Wells. Not anymore. I am waiting for my divorce too. Wishing us all good luck.
I so feel you. I have spent over 12 years here but PRAYING for a package.