Thread regarding Wells Fargo & Co. layoffs

Disengagement engaged!

Hey thanks for the amazing review.
Here’s what’s going to happen, with me.
1) I’m going to work the absolute minimum, going forward.
2) I’m going to apply and leave for another job, with another company, with higher pay and better benefits.
3) I’m going to do it on company time - because these “leaders” that didn’t work at Wells Fargo before came in thinking everyone who worked here was some vile evil pig stealing from customers.

Here’s the reality dipshit chaaaaarlie & your merry band of assthumbing suit monkeys, all those f— bois and f— girls that f—ed the company have already left, through firings and attrition.

Charles, bro, you single handedly f—ing sunk the stock price with you comments about lack of black talent. Then sprint backwards to retract a racist as hell statement. I wonder what other bs you believe.

What you have right now are people that wanted to stay through the mud and b—s— in an effort to make this place better and improve their skill set and marketability for a new gig. You are rewarding them with an environment of apathy, lack of employee empowerment, lack of autonomy, innovation, tools and degradation of roles.

I’m not at a major risk for a layoff, as that blade swung and removed good people that worked late to solve customers issues (at least in my area). Single moms, BIPOC, great male coworkers and women were displaced.

My plan right now is to get a new job, with a new company but not press it and take the first thing. My plan is to give less effort for this company than I did before. My plan is to only work 8hrs a day. What’s that? We have a lot of work and it needs to be done in a timely manner?
Hire more f—ing people; don’t shove more work on less people.
I was already putting in 9-11 hr days.
Now, I see major disrespect as a reward to those that helped work hard to right wrongs and get this sh– show out of the consent order.
Smaller teams, more work.
More Layoff threats.
Lack of raises and bonuses.

The economy is doing decent stock prices are up on a lot of things; Wells Fargo stock is performing horribly.

To call this a sinking ship is an understatement.
It’s sunk. We are just the gulls and the rats aboard.
You know what that means right?
Gulls fly away from a sinking ship when anything worth keeping is below the surface.
Rats f—ing sink with the ship.

I know what I am.
I hope the good people left really think about what they want to be.
Squaak squaak mother f—ers.

by
| 1698 views | | 12 replies (last April 5, 2021) | Reply
Post ID: @OP+1ad3W9FB

12 replies (most recent on top)

Well said- sadly they want gulls to fly so they can save $$$ over laying off. They said it themselves- they expect most of the cost cutting from human capital to be through attrition. Has
anyone noticed their jobs changing? More responsibilities? Tighter deadlines? Maybe moved to another group and told you will continue your current responsibilities- then those gradually change over time and you are now doing the work of a position 2 or 3 levels higher but your salary never increased to match those new responsibilities or expectations? You have to work extra hours to get it all done and keep reminding yourself that at least you still have a job? It is their old playbook for reducing costs without paying severance. Squeeze them til they leave and it is dehumanizing. Why do you think they banned the words “team members”, and replaced with “employees” ? All of the policies were updated with employee references but when they talk about your positions you are not even employees in the conversation, but instead are called “inventory”. And most of their inventory is going out of the US while they are working to automate as much as they can.

by
| | Reply
Post ID: @nis+1ad3W9FB

OP: Good read on Charlie. Could be stated a bit more professionally.

by
| | Reply
Post ID: @vxj+1ad3W9FB

Busted my a$$ to get "consistently meets". Guess what? That's all you get going forward. No special projects, no unpaid overtime. Meeting starting before my work hours? Tough sh!t.

by
| | Reply
Post ID: @zkb+1ad3W9FB

Hate to say it, but I agree 100% with everything OP says. And those, who are playing holier than thou talking about character and morals just haven’t been screwed - yet. It’s coming whether you get laid off or have the privilege of staying. Charlie has created a terrible work environment and the result is employees who feel like OP. I don’t blame OP, I blame Charlie and the Board.

by
| | Reply
Post ID: @mpo+1ad3W9FB

yea you are doing the right thing, one tech manager working 2 jobs for a year+, now he is layed off but already had anotehr job; whoever hired that loser should be fired

by
| | Reply
Post ID: @gne+1ad3W9FB

Yup..my team is in the same boat. We are getting alot of pressure to complete double the work load. I personally work at the same speed as before but I refuse to work past 5.

by
| | Reply
Post ID: @ttv+1ad3W9FB

I occassionally come to this site to gauge sentiment and morale. And conclusion is, it's not good! The only thing you can do is leave. They want attrition, natural attrition. Sad state of affairs anymore in big banks.

by
| | Reply
Post ID: @uds+1ad3W9FB

OP. You should quit ASAP or you will have an heart attack. You are hurting yourself not Wells if you are this way

by
| | Reply
Post ID: @oyc+1ad3W9FB

I’m going to clue you in on something I learned about twenty years ago.
When layoffs are coming, budgets are getting cut, and the future is uncertain, don’t work overtime unless it’s something you can monetize. Some impressive project or new tech for the resume. You get a lackluster review or a layoff and it’s just going to eat at you, and may make it hard to care about excelling in your next job, because you did all this underappreciated work etc. Just put in a solid eight hour day and take care of your mental health.

by
| | Reply
Post ID: @vyd+1ad3W9FB

OP, As an employer I would be THRILLED to hire someone of your obvious character and moral fortitude!

by
| | Reply
Post ID: @lhp+1ad3W9FB

That’s a lot of b*ching and moaning. You come across as very unimpressive yet very sure of yourself. Pity you weren’t laid off.

by
| | Reply
Post ID: @sdt+1ad3W9FB

Juventus stultorum magister.

by
| | Reply
Post ID: @pov+1ad3W9FB

Post a reply

: