I will be okay either way. My husband has a good job, and I will be looking forward to a healthy severance package and a break from the workforce should I be cut.
But I am concerned that a good majority of our employees aren’t facing the reality of their job security at WFC. Most of my friends here think it’s not going to be them. It doesn’t matter if you are a 2 or a 4 if they cut your department, sell your LOB, move your job offshore, or consolidate your role in another state. You can be a top performer, and your boss’s favorite, but the decision could come from many layers up. In fact, they are probably going to eliminate the boss who would try to protect you.
It sounds cold, but they are making decisions for the good of the business. Your loyalty and hard work and winning personality don’t matter here. It’s been in the papers that they are eliminating 1 out of 4 employees. The handwriting is on the wall. Honestly, what more do you need to know? I think we might have employees who will be training their replacement and then still be caught like a deer in headlights when they are let go.
COVID is improving. The economy is improving. Many other businesses are learning how to flourish in our evolving world. Don’t believe what others say, that it is like this everywhere. It’s not. The majority of my friends and family all have great jobs and careers with good companies who don’t need to wipe out 25% of their workforce to survive. Please be out there looking aggressively right now. It’s difficult to take a step back and see it for what it is, but you must. You deserve better, but you’re going to have to go out there and make it happen for yourself.