Thread regarding Wells Fargo & Co. layoffs

Does Wells Fargo lay off people close to holidays?

I'm assuming this whole prolonged layoffs process means we'll have layoffs every month until the coveted number is achieved. But a month from now is the week right after Thanksgiving. What are the chances we'll have layoffs that close to a holiday? I haven't been here long enough to know how something like that is handled.

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| 3762 views | | 25 replies (last October 30, 2020) | Reply
Post ID: @OP+17F4qDg2

25 replies (most recent on top)

A lot of manufacturing and textile jobs went away in the 80s. Whole towns died because the plants closed. Folks on both sides of the aisle let it happen. Facts are interesting things.

Back to the original subject, if they think it will make their numbers look better, they will cut you loose at any time they wish.

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Post ID: @1uhl+17F4qDg2

: @vyv+17F4qDg2 , if your father got Reaganed, then he was about the only worker in America to lose a job. Reading further I see that you are just an ideologue. I imagine that you did great as a “99er” in Obama’s first year, didn’t ya :-)

“I was Bushed several times and forrest, you have an appointment at Pet Supplies Plus on Friday, October 30, 2020 at 9:00AM. For any changes please contact your Pet Supplies Plus store.
Reply 9 to unsubscribe. I am hoping now I don’t get Trumped.”

11 hours ago by Anonymous | 4 reactions (+1/-3)
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Post ID: @1rpx+17F4qDg2

That's just corporate, not WF. I got my notice from one company in 2006 in the first week of November - 6 days after moving into a new house and two days after my son was born. I was on PTO for paternity, so I got a phone call. The person making the call has little say in it. As a manager of people, I've been on both sides of that conversation, and it s—s on that both sides.

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Post ID: @1fcn+17F4qDg2

Historically there has been a layoff/displacement freeze from about mid-November to early January. However, that freeze is at leadership's discretion, and there's no way of knowing whether that freeze is going to be in place this year (unless you're in HR and know). The displacement/payoff schedule is not published for general employee viewing.

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Post ID: @zab+17F4qDg2

Wells will layoff until the week before Thanksgiving and resume until mid December and start again in late January. This is only because the execs want to enjoy their holidays otherwise they layoff randomly its for selfish reasons.

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Post ID: @kzj+17F4qDg2

Seriously? Do you not see the other topics on this thread? They simply do not care

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Post ID: @wzp+17F4qDg2

I was laid off two days before Turkey Day at another big company. Perfect timing, My package was 4 months of continuous pay and benefits. I'll assume that they do the same thing here.

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Post ID: @pme+17F4qDg2

There’s a wave scheduled for December 3rd.

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Post ID: @psp+17F4qDg2

Typically there is a holiday moratorium from late November till post New Year for FTE reductions. There are always exceptions

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Post ID: @adr+17F4qDg2

11/17, 12/3

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Post ID: @yrz+17F4qDg2

WF is not alone in getting rid of contractors at the end of the year. That happens everywhere.

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Post ID: @mwj+17F4qDg2

They did in ‘17 and ‘18 but to the best of my memory it was contractors not getting renewed and/or having the contracts terminated early. Not to say there weren’t any FTE’s in there or they would stream a few out here this year based on the current climate.

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Post ID: @rqt+17F4qDg2

@pek+17F4qDg2 Ever heard of PTO days?

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Post ID: @oek+17F4qDg2

@vyv+17F4qDg2 geesh forrest, if you scheduled your personal stuff outside of worktime, there wouldn't be an issue.

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Post ID: @pek+17F4qDg2

I would LOVE to be laid off. If there was a safe way to volunteer as tribute I would. A severance package would put me in a much better financial position, and in my area getting a job is not really an issue.

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Post ID: @pyd+17F4qDg2

Heck! It'd be nice to have a minimum of 16 weeks off between November and March.

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Post ID: @wxd+17F4qDg2

I got laid off a week before Christmas in 2002 by another company who sent my job to India so they don’t care. My father lost his job to Mexico in the 80s and I have lost my job to India four times and had to trade my replacement each time. My father got Reaganed, I was Bushed several times and forrest, you have an appointment at Pet Supplies Plus on Friday, October 30, 2020 at 9:00AM. For any changes please contact your Pet Supplies Plus store.
Reply 9 to unsubscribe. I am hoping now I don’t get Trumped.

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Post ID: @vyv+17F4qDg2

Yes, they do lay people off just prior to the holidays. I was severed right after Thanksgiving holidays on 11/30. This gave Wells the 30 days of December necessary before I was then defined as an “inactive Team Member” while I collected 16 months severance due to 36 years of service. This occurred four years ago.

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Post ID: @tbn+17F4qDg2

11/17 is the next date. Mostly middle managers will be impacted.

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Post ID: @caj+17F4qDg2

It doesn’t matter if it’s the holidays or not. I got my 60 day notice twice, 8 years apart the week of Halloween. As one post said, it made for interesting conversations at Thanksgiving. However we as a family learned to prioritize experiences over stuff. Only the kids got actual gifts for Christmas and we made the holidays into a destination experience like a road trip to a new city, rather than putting value on stuff that will lose interest after a week.

Stay strong out there and keep a positive outlook on the future.

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Post ID: @nwb+17F4qDg2

I have been laid off the day before Thanksgiving before but not at Wells. Makes for fun convo around Thanksgiving dinner.....

Remember, companies are loyal to shareholders and themselves, not you. As such be loyal to yourself and your family and not corporations.

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Post ID: @blc+17F4qDg2

its a bad workplace, happens when company failing

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Post ID: @alq+17F4qDg2

Last big day this year will be 11/17.

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Post ID: @pjl+17F4qDg2

I think all bets are off this year. Having the majority of us working from home since March has probably maxed out Wells Fargo’s “Charitable” threshold for 2020. I’d like to think there will be a holiday moratorium, but I wouldn’t be surprised if pink slips continue to fly through December 31st.

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Post ID: @vrn+17F4qDg2

They did the past 2 years, don't see it changing now.

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Post ID: @rjk+17F4qDg2

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