Thread regarding Wells Fargo & Co. layoffs

Why bother?

Is there a reason to do anything beyond bare minimum currently at Wells Fargo? I personally don't see it. Benefits are getting cut, promotions are based on nepotism and cronyism instead of merit, we are all well aware that there is no such thing as job security anymore... So why even bother?

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| 3753 views | | 24 replies (last January 24, 2021) | Reply
Post ID: @OP+191zoYLZ

24 replies (most recent on top)

I work in Technology and while I don't think about this in terms of character, I do think about this in terms of what do I want the next six months of my resume to look like in case I get laid off. So if I notice people are hiring looking for a given skillset that we were looking at in my division anyway, I'll take the time and brush up on it in Pluralsight. Or I'll find ways to pick up mentoring experience or I'll fix broken processes or really anything I can use to enhance the resume. Thing is, the boss is leaning hard on us to get our training in/keep our skills up, and one of the processes I automated used to be an annoying time-s—, so everything I am doing makes it look like company loyalty or character or work ethic or whatever. It's not. It's just reading the writing on the wall and realizing there's a decent chance I'm going to have to deal with the hiring process soon. I'd rather say "this is what I've done lately" and not have to cover up for a year of doing the bare minimum just to get by.

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Post ID: @3gja+191zoYLZ

All this talk of character is laughable. We work for a massive bank that makes decisions based on the bottom line. Do the same. Too often employers get more than they pay for because of a person of "High Character" doing more than they are paid for. Too often slackers get way more than they are worth or provide in value. Do your job....don't do more than that or you are simply giving too much product for the money... don't do less than that....Bare minimum? Do your job, outrun your coworkers and not the 'bear' and you are fine.

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Post ID: @1nsu+191zoYLZ

Even being rated Exceeds, with no hope of advancement or a pay increase greater than the cost of living or a higher bonus, there is little incentive to work harder than one already is. I, myself, sometimes entertain the idea of just dialing it in, because the only difference in the end between busting your a$$ and doing the bare minimum is a larger bonus – and that's not even a guarantee, and it's taxed like crazy.

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Post ID: @1kkl+191zoYLZ

Post ID: @1fot+191zoYLZ

I do agree. But I worry about my own character and don’t preach to or judge others.

It’s all about cause and effect. There is a cost incurred by a leader who brings in a cutthroat culture. And that cost is employee disengagement and lower productivity.

Personally, I will give a fair day’s effort for my pay. But there is a scale to the level of my effort which can swing 30% either way, depending on whether I am treated with fairness and respect. Treating me like a # and threatening me with job loss do not bring out my best.

Charlie is blunt about his disdain for the employees. Charlie’s leadership style does not bring out the best in anyone. He may know how to squeeze numbers, but squeezing people has the exact opposite effect. It’s Management 101.

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Post ID: @1zih+191zoYLZ

It's about your character and not anybody else's. Do your best.

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Post ID: @1fot+191zoYLZ

@vcf+191zoYLZ Even though you are running an Agile Tech team you still cannot drop your Teller duties. Life is not all writing codes.

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Post ID: @1xyt+191zoYLZ

I agree with the OP

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Post ID: @1fxl+191zoYLZ

Character test? 😂

Let’s talk about the character of a man taking $36,000,000 to cut 25% of a workforce averaging $60,000/year without one display of compassion, regret or empathy. Let’s talk about the character of a man who keeps adding more high paying C-Suite jobs for his buddies, while sending American jobs overseas to “cut costs”. Let’s talk about the character of a man who has created a toxic workplace by pitting employee against employee in a contest for survival.

Lack of character displays itself in the way that a person treats other people, especially people who are more vulnerable.

Let’s not point the “character finger” at employees who are facing job cuts when our Chief Executive Officer displays so little character himself.

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Post ID: @tng+191zoYLZ

Depends on what you do.

IT seems to be on the chopping block, at least my team and some teams I work with, but if you're in a department that the bank needs and you're doing good work then keep at it.

That's assuming you feel like helping a big giant crime ring, of course.

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Post ID: @mlo+191zoYLZ

I agree, there’s really no concrete way to obtain an exceeds rating or confirmation that your performance is good enough. It really doesn’t matter what you do I’m finding.

You just have to have senior managers like you and work on high visibility projects. That’s basically it. Someone has to like you.

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Post ID: @gta+191zoYLZ

Character test- do the bare minimum amount you're contractually obligated to for a morally bankrupt employer who would throw you in front of a train if it made them a buck

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Post ID: @pfq+191zoYLZ

Character test. They're paying the full amount you agreed to right?

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Post ID: @mem+191zoYLZ

Eventually - Charlie is going to be left with nothing but an over-paid C-Suite lording over a company filled with self-interested groveling yes-men, inexperienced new employees, people who can’t get jobs anywhere else, and offshore.

Anyone with skills, experience, self-respect and a soul will find better jobs elsewhere when the job market improves.

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Post ID: @zld+191zoYLZ

How to get ahead at Wells Fargo? Be willing to step on others to get ahead. S— up, agree to all ideas coming from upstairs (good and bad), be willing to look the other way when customers are disadvantaged, declare all other employees to “be part of the problem”, put down others behind their back, bully and attack. Self-promote, self-promote, self-promote.

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Post ID: @zhe+191zoYLZ

Post ID: @lbr+191zoYLZ. Are you 10? Responding to yourself that you nailed it? Oh man -that makes my day.

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Post ID: @gis+191zoYLZ

Post ID: @goa+191zoYLZ = NAILED IT

Unfortunately a lot of victims who come here to blame Wells for their problems are not going to like hearing the truth

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Post ID: @lbr+191zoYLZ

Yeah, if you want to keep your job you’ll do more than the minimum . Don’t expect the minimum will keep you safe, the bar has been raised for performance and accountability; what was good enough before is not anymore and what was going above before is now the expectation.

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Post ID: @xkc+191zoYLZ

What evidence is the "nepotism and cronyism" charge based on exactly? We've got 266,000 employees, just how many promotions have you witnessed and of those how many were you a part of the interview panel on? Sounds more like sour grapes than any real evidence. I've gone up for 2 promotions. One time I, rightly, didn't get it. I wasn't the best candidate. So I worked on that. Second time I got it. Don't think nepotism or cronyism was involved in either case.

In any event, it really comes down to pride and how much respect you have for yourself. Reviews should be indicative of actual performance, but they sometimes aren't. Happens to everyone at one point or another, and it really has nothing to do with the current CEO, it's more about your current manager (no one ever got an inappropriate review prior to CS? Really?). The only question is, what are you going to do about it? Have you asked the boss how you get to 'exceeds'? Have you developed yourself? Have you taken on extra projects?

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Post ID: @goa+191zoYLZ

I see both sides. I was raised to do my best at whatever job I have and to try to make the best of any situation. I am generally happier when I take pride in whatever I do. And I am happier when I focus on what’s right, rather than what’s wrong.

Having said that, I think OP’s conclusions/attitude are a result of Charlie’s lack of care and respect towards the employees. Charlie wants to lead the business, but not his people. I know a lot of previously motivated employees who have drifted towards OP’s thoughts on working at WFC. I don’t blame them, I blame Charlie.

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Post ID: @rcm+191zoYLZ

Start taking advantage of the tuition reimbursement plan OP. Expand your horizons, develop thy self. Whether you go elsewhere or stay with WFC, you'll be better off.

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Post ID: @ewb+191zoYLZ

When you're not growing or feeling challenged at work, it's time to leave. Find something else that will make you feel a sense of accomplishment. Could be a new job at an innovative company or could be something personal like running a half marathon. Go out and do something about your dissatisfaction with your station in life!

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Post ID: @xfk+191zoYLZ

OP you sound like you have received one too many participation trophies in your life.

Quit the victim mentality. It is not going to help you at all.

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Post ID: @tph+191zoYLZ

Some people will go through life with a smile on their face, a positive outlook even if they're shoveling sh– if it puts a roof over their head and gives them food to eat. They might even send half of that to their broke relatives in Cambodia or something. Others will complain about their literal First World problems because sitting on their obese derrieres while on a computer or gasp, talking to the people who allow you to earn a living is just too gosh darn difficult to deal with (wah wah boo hoo) and think their lives are full of woe, even when a thousand different things like product development, employment taxes, marketing of product, sales, customer acquisition, benefits management, and employee acquisition, are all automagically taken care of for you.

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Post ID: @blp+191zoYLZ

yea dont waste your time here, do bare minimum; start a side hustle to bring in more income since pay here s—s too.

Who cares about performance reviews, they just copy it to every person the same c-ap and make no sense. I work in tech and says i need to do the teller checkouts 10 seconds faster. WTF, does this mean?

I put all my time in prep for the position I really want.

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Post ID: @vcf+191zoYLZ

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