Thread regarding Wells Fargo & Co. layoffs

Managers reduced positions

For those who are managers and flattened by the spans —- you will be ORC5 or ORC6 with adjusted salary - control organizations are up first. Of course the pay will be adjusted.

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| 3736 views | | 9 replies (last October 28, 2020) | Reply
Post ID: @OP+17EIHBj1

9 replies (most recent on top)

How about SORM

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Post ID: @pve+17EIHBj1

why keep expensive demoted staff ? They aren't used to working anyway. I am yet to meet a mgr here who does any work other than attending meetings. We have way too many unproductive individuals here, so it would make more sense to just let those go.

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Post ID: @atk+17EIHBj1

Thankfully, Auto won't have to worry about any of this. Their army of managers with fewer than 7 directs are shielded from layoffs due to the enterprise forgetting that Auto even exists.

Also, on an unrelated note...

Business support associate
Business support consultant
Business initiatives consultant

  • 3 different ways of saying "glorified admin".
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Post ID: @uui+17EIHBj1

Individual Contributor

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Post ID: @xfw+17EIHBj1

@hks+17EIHBj1 - What is IC? Internal Control?

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Post ID: @pce+17EIHBj1

ORC 5/6 are high paid so don't think many managers would even take a salary cut to be honest (ORC5 was equivalent to the prior ORM3; think the ORC6 was a ORM5). you're talking a mid point between 155-225k plus a 30-40% bonus. Of course there can be managers making more.. But I'm sure many would rather keep their job and salary rather than be cut completely.

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Post ID: @dzh+17EIHBj1

@dfl+17EIHBj1 Are you talking about the Regional Service Partners/Consultants? How did they perpetrate the account scandal?

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Post ID: @kos+17EIHBj1

for those moving to IC you will be put in a position with similar MRP with no salary adjustment.

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Post ID: @hks+17EIHBj1

They need to get rid of the regional service advisor teams. They’re useless, their roles are useless and they’re the ones that perpetuated the accounts scandal. Sorry I had to rant because I work my a– off everyday while these “advisors” just trot in at 1pm, drink coffee and leave and they’ve been doing this for over 10 years.

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Post ID: @dfl+17EIHBj1

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