Thread regarding Wells Fargo & Co. layoffs

Advice

It’s been a year I left a competitor bank mainly due to toxic reasons/bad manager and joined a team in Wells Fargo covering CIB knowing the troubles it is in.

Now it’s been a year and although my team is great and generally consist of good people, the maturity of CIB business compared to the larger banks is close to nothing, especially the area I cover. I also believe I was hired to avoid the possible issue with spans and layers (where managers with directs under a certain count were on the potential list of layoffs).

Given all this, is it wise to look elsewhere in the current environment ? I don’t want to burn any relationships but career management is important and I doubt that will be offered given the “reason” I was hired. Any tips/thoughts would be appreciated.

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| 1627 views | | 5 replies (last April 9, 2021) | Reply
Post ID: @OP+1ahJz5Yc

5 replies (most recent on top)

You're going to quit your job over an imagined reason why you might have been hired? Whatever floats your boat, but I have never spent any time wondering why I was hired. I was and have a job to do, and that's pretty much all that matters. If my boss hired me to protect his own role, that should make my gig really really safe, right? I mean, they would fight tooth and nail to keep me because losing me would impact them directly. Sounds like a very very good position to be in!

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Post ID: @aqr+1ahJz5Yc

Another WF HR person here. Technically you are still employed during 60 day job continuation and your severance. IE: Ignore other HR rep as I trust you are skilled enough to find employment over a 4 month time frame.

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Post ID: @xzq+1ahJz5Yc

WF HR here! Remember that it is always easier to find a job while you still have a job!

Get out while you still can! Get out while you can still negotiate job offers on your terms, not out of desperation when you find yourself laid off. You'll be glad that you did!

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Post ID: @bat+1ahJz5Yc

It's a free country. You have the right to life, liberty and the pursuit of happiness (career or otherwise). Go for it. You do you! I'm going to do what's best for ME! You know why, because nobody gives a damn about your career here, nobody!

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Post ID: @tgx+1ahJz5Yc

No stability there. I joined knowing chainsaw was coming in and got laid off. Not a company with stability.

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Post ID: @kzy+1ahJz5Yc

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