Usually, people say that in general, figuratively, but I know a concrete example of a guy who was laid off, took a few months off to spend some quality time with his kids, found a new job in a small bank, and is now feeling better than he did in the last ten years. I, on the other hand, am still here, working ungodly hours to get everything done, popping my blood pressure pills like candy, and praying to follow in his footsteps. I think we can all agree on who is the luckier one in this scenario.
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Those who get laid off are forced to find something better and from what I've seen end up happier at better jobs. While those who stay are scrambling as the ship sinks. Especially in retail banking. Pretty soon there will be more Atms to replace tellers and 1 to 2 licensed bankers per branch.
When I was informed of my displacement, it was a mixture of "Oh Sh-t" and relief. My year plus experience at wells was one of the worst work experiences of my life! Not so much the actual job of being a banker, as I was able to help many customers, share my personal experience and help my customers move forward financially, but the overall toxic environment and political vitriol. I joined wells a couple of months before the pandemic hit and from that point forward it was a living nightmare!
I'm an older worker with pre-existing medical conditions. the vast majority of team members were millenials and younger and being my branch was located in a 'red' area, the political aspects became apparent immediately. To be referred to as a 'boomer' and flaunting their disrespect for proper COVID protocol made coming to work a nightmare!
I had severance and actually taking home more in unemployment while enjoying a few months off and spending tome with my wife and fur buddies has been quite nice actually. I'm around 5 years from retirement and frankly, if I can find something close in compensation (which really shouldn't be that difficult at this point) with decent benefits for the next 5 years, I'm good.
I've dealt with the public for my entire career and frankly, with few exceptions, people are as-----s! The number of 'Karens" I've dealt with since the pandemic has been unreal and that's gotten 10X worse over the last 4 years and the less I have to deal with them the better!
So yeah, despite the inconvenience of having to find work and deal with ageism, it was a huge relief to be displaced and away from the toxic work environment of Wells Fargo!
worked for 34 years as Wells and am retiring this summer. . Save, Save and Save.
Four months of severance and 7 months unemployment us chicken feed. Unemployment us capped. It would be like taking a 75% pay cut. It's not bad if you're making $40k or something.
@2ymr+1aCSPaCE, your absolutely right, no other company has these heavy and inefficient processes that cost a lot of money to manage.
I personally got another job, but prior, I had to study for 3 months, moving into key technologies of 2020/2021. Cloud is a MUST, and yes when it is done by SME's or experience cloud experts it is more secure and cheaper. They need to get rid of the tech secretaries and create a governance area to create these standards for cloud services (real cloud, not cloud foundry)
The thing with WF, at least Technology, is that it’s all so disorganized and poorly managed and stapled-together that once you’ve been here a few years, you have the knowledge it takes to push things forward and none of that is technical. There’s so much overhead that you don’t have at a functional company. Once you learn to navigate that, you are extremely valuable to Wells Fargo and nobody else.
Yes! Who doesn't want 4months of severance and then about 7months of unemployment?! Its not hard to find a better job than WF at all!! When your a go getter any place will hire you.
I got laid off from a startup about twenty years ago and I was never the same gung-ho overachiever again. If I’m being honest with myself, I probably took the job with Wells partly because I knew there was little required overtime and it was almost impossible to get fired. Getting laid off does something bad to most people’s heads and in my case it made me less of a risk taker. Better to leave on your own terms.
This post is true.
While I resigned on my own for a better opportunity and a chance to make an impact as life is short, it was hard for a few months to think about leaving as I thought I would never leave, but family and friends had been telling me to for about the last year as this environment is not healthy for people that are driven.
At this point I do see posts where people miss it here, but honestly my life if 100% better and I am so thankful I finally just quit and start driving my future instead of doing menial work.
Its like dating, some relationships are bad and you have to walk away, but when you find the right one you hang on to it. Those that have bad bosses or the work is not a good fit for them should go as the boss will make your job miserable in this case. For me I am glad I tried this job now I know it is not good for my skillset or personality here at Wells and now I am pretty sure I found the right one.
People who wish to be laid off probably have never been laid off. I was laid off in 2007 when I was single and took me 10 months to find a job. It sucks not knowing where your next paycheck is going to come from. The first 2-3 months might be a little relaxing, bit as time goes on, the pressure mounts. Now that I have a family and the bread winner, it would be even rougher. Be careful what you wish for
I've been displaced three times in my career and all three times the separation money ran out before I found new work, and we had to make significant changes in our lives as a result ....and it was emotionally very painful... however, when I look at the things I cherish today, I can trace many of them back to one of those difficult times.
True story:
2 people doing the exact same job at WFC. WFC laid off one and kept one. The laid off employee took a chill pill and relaxed for approximately 6 months with their severance. The “lucky employee”, who stayed, worked their bu-t off attempting to do the work of 2 people. Management recognized they had made a mistake by cutting the first employee and decided they needed to have 2 people on that desk. In order to post for the job, Wells had to re-write the job description a little (some law that prevents an employer from laying off one worker and hiring another for the exact same job.)
The laid off employee heard there was an opening and applied. They were re-hired, because they were the most qualified for the job. The laid off employee came back to the job at a HIGHER salary, than the poor employee who stayed and worked under torturous conditions, due to the new job description. Only at Wells Fargo!
Working "ungodly hours", but plenty of time to post here. Checks out.