Thread regarding Wells Fargo & Co. layoffs

To managers of individual contributers who have laid people off before here at Wells

In instances when the whole team wasn't let go, how much of a say did you have in who on your team got laid off vs who got to stay?

I realize times might be different now, but I'm wondering how it's been in the past.

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| 2577 views | | 7 replies (last March 25, 2021) | Reply
Post ID: @OP+1a2s3177

7 replies (most recent on top)

The "recommended distribution" was a load of S, but it IS possible to get a rating better than meets. I had several in my team, including the top rating, consistently exceeds. Your LOB may vary, but then again your manager may be selling you a line of BS 'yeah, sorry, you're a meets because it's impossible to get anything else!'. I've done it and it was approved, so it's not 'impossible'.

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Post ID: @fvf+1a2s3177

The performance evaluations have become a joke. Manager-acknowledged top performers being classified as "meets" expectations. VERY few "exceeds". Any surprise that they've tightened the criteria to make it almost impossible to get a superior rating during a layoff year? "I'm one of your top performers, and you're letting me go?" "I'm sorry, but your official performance review indicates that you're only meeting expectations, not exceeding them."

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Post ID: @suv+1a2s3177

I asked my manager directly. I felt like our relationship was good enough to do so. She's more worried about her job than she said I should be about mine. She also said decisions were being made several levels up in the org and she nor her own manager had any say or any insight into who or when. They've just be told "a trim" is coming.

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Post ID: @psr+1a2s3177

Performance reviews, which your manager has a say in, although not the final say at all, are taken into account. So indirectly their input is taken into account. Otherwise, low and mid level managers have no direct say in who from their team is cut, maybe if they are more senior and are cutting middle managers then they would.

I had less than a weeks notice that I was laying off someone. If I got told it had to be 1 person on my team, that is who I would have picked, but nobody asked, I was told.

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Post ID: @qvx+1a2s3177

No say.... it comes from above

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Post ID: @qob+1a2s3177

From what I have heard they are told from upper management who to cut and not given a choice.

It worked the same way at Chase and BOA.

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Post ID: @cyk+1a2s3177

I would guess that the direct manager would have the most influence on the selection process, but their may be some input from above in certain circumstances. Contrary to what some posters here seem to think, that wouldn't be a "I'm going to keep my friends" situation, you'd keep the best / most productive people you could–because your own future/performance depends on it. I'm sure there are outliers, but anyone that wants to keep their job will pick the cream of the crop.

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Post ID: @xvi+1a2s3177

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