I used to handle cuts at WFC much better before when we knew there'd be at least some kind of notice beforehand. These days, people get laid off without even suspecting something is coming. And yes, I know layoffs are ongoing and we are never safe, but that's exactly what I'm talking about. How do you start work every day thinking it might be your last and not lose it completely?
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@uby I heard everybody was in tears when you left, from laughing so hard.
@uby the company is not going downhill. Educate yourself, read and understand the financial statements. Ignorance is not bliss, even for a troll.
I had gotten another job when I saw the company going downhill; told the nubjob manager "take this job and shove it, i ain't working here no more"
Use this tactic, it lets them know your dissatisfaction
@vtr LOL, your Ad Hominem reply is classy and revealing.
But the best advice of all is not to be ignorant white trash like this guy @gst+1aZ10mPS
I admire everybody's puerile optimism but quit yakking about how everything is going to be fine. It will be painful, it is uncertain, it might take a long time and you might have to settle for something less, just to make ends meet.
I hope you don't think that unemployment benefits will be extended over a 3 month period. That boat has sailed.
Update that resume, your old interview clothes don't fit anymore, so you better go shopping. Everybody here is your competition, you have no friends. Best strategy is to give them a false sense of security, HOW EVERYTHING WILL WORK OUT, and get a head start.
First of which, do not take it personally, especially from this company. It’s all about the “ metrics”. Your number got punched as did mine. The best way to overcome the shock is to get organized, make a plan to obtain a new job and work the plan! The fact is, your new job is to find yourself a BETTER job. I can assure you they are out there but you will need to find it. Freshen up your resume, apply on numerous websites but first ask your self, what industry do I want to make a CAREER in? Your financial background will give you allot of opportunities, be sure to pick one that interests you.
In 6 to 8 months from now, you will think of WFC as bad case of indigestion.
I'd also add working towards making yourself recession or layoff proof. Minimize or eliminate expenses and bolster your rainy day fund. 6-12 months of expenses. If done right you can better deal with change you can't control. Unemployment can become funemployment or your severance can turn into a bonus if you find work right away. Never let an employer determine your security or life's happiness
@idu+1aZ10mPS. WFC cuts are all about expenses at this point, not just individual dead weight. If you are a good, but not elite performer in your role and you are making above the midpoint, you have a bigger target on your back than an average performer at the 25% percentile in salary.
If the functionality of your entire team can be integrated into what others are doing, your entire team is at risk, maybe not immediately but through 2023.
Scharf made promises of massive cuts. What we are now seeing is the first round, an immediate cutting of costs, that should last through 2021. There will be a couple more rounds after this for further cuts through automation, integration of tasks into related roles (giving QA tasks to the develops), and offshoring.
A lot of stress management comes down to the idea of "locus of control"- ie when you feel that your world is outside of your control, you can become stressed out or depressed. Some people here advocate just ceding that entirely to WF- to let go and just accept what they give you.
I think those thoughts are well intentioned, for things actually outside of your control, like say, stressing about the weather. But you DO have control over your own career. Even if it doesn't pay off at first, work on your resume, and start applying elsewhere. Just doing that will bring some of the control back into your life and let you feel less helpless. Even if you don't find something from it before (or if) you get laid off, then at least you have the practice and better understand the job market. But it'll do wonders for your sense of well being to take the reins yourself in a situation that feels hopeless, like it does at WF. It's much easier to deal with their bs if you're actively working for some light at the end of the tunnel.
Like @kfy said. How do you deal with the uncertainty that any day you could die while driving? Bran Aneurysm, heart attack, stroke?
I treat every day the same, regardless. Can't control it in any way, shape, or form, so there's no point in worrying about it. If it happens, it happens. I'll still be alive and have friends and family.
Plus I'll get over a year of paid vacation/entrepreneurship.
In life overall - any day could be your last. but most people don't dwell on that every day.
There's a psychological adjustment/acceptance process. Sudden loss is hard no matter what. But dwelling on it, that it "could" happen self-creates unnecessary suffering. You can learn how to not let this cause you more suffering - you can coach yourself thru, or find a good coach or therapist to help you. There's no point letting it detract from your quality of life.
I haven't seen any layoffs here actually. Haven't received a raise in a couple years and the benefits have dropped. They also seem to bring in a lot of outside unqualified management.
Just be strong. It's happened to me twice. The first time was at another company. H/r told me my manager put up a good fight to keep me but it was decided my position was no longer needed.
I came to work every day and knew layoffs were happening. Hoped and prayed si wouldn't be one of them and the phone rang. My time was up. That was my first layoff. How I didn't scream, cry and beg is beyond me. I accepted my fate and moved on.
Then I come here. I hoped for the best, but again it happened. I stayed calm and professional, but I let loose in my private moments.
We have strength that we don't know we have. Just be strong and tell yourself it's only temporary. This, too, shall pass.
So your manager or even their manager has no say at all? They can’t say, hey, I need that person, they’re my subject matter expert, take this other person instead?
(Trust me, I am actively reviewing my other options.)
I’ve been there before, let go after 15 years at another company, so I treat it like every other day. Just keep doing the best job you can and don’t worry about what you can’t control. If they decide your number is the one, and trust me, these decisions are made by bean counters, there’s nothing you can do. I can tell you though that you will survive this, just as I will if it happens to me again.
Looking for a job while you still have a job.