Thread regarding Wells Fargo & Co. layoffs

Who is looking forward to going back to work tomorrow?

Can we find one person who is excited about it? Who doesn't feel sick to his or her stomach at the very thought? With the morale as low as it has been lately, I don't think I'm exaggerating when I say that the majority of WFC employees would rather be anywhere else or work anywhere else than here.

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| 4235 views | | 42 replies (last July 8, 2021) | Reply
Post ID: @OP+1bGZXOR1

42 replies (most recent on top)

Peoples…

When it all falls apart, which is much nearer than it is farther away, nobody will care about your non-essential characteristics. Skip all superficial aspects of se-ual definition or orientation color, race, religion, etc.

It is all going to competence. Period. Pay for performance absolutely rules in the long term. Basing your career upon politically desirable superficial aspects is insane.

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Post ID: @3maz+1bGZXOR1

Post ID: @2lty+1bGZXOR1

This, in a nutshell, encompasses all that is evil in current society and business as well. Start the fire, draw the lines, be my guest. Those who sow the wind will reap the whirlwind.

I truly doubt that you will enjoy the results. We won’t either, but we with talents beyond our superficial demographics will at least always survive. You cannot live without us, but we are just fine without you.

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Post ID: @3fze+1bGZXOR1

Re @2sjs comment: “indirectly told we had to hire this person regardless of qualifications”

Similar situations are becoming common in most big organizations. My son (different employer) had a position that was opened specifically for him because he was already an employee, met every single requirement, and had an exemplary performance record. He was going to be the most qualified person no matter who else applied, because there was no one else who had his experience AND the experience of already successfully working for and knowing the organization inside and out. It was literally IMPOSSIBLE for anyone else to match him. However, it was still required that the position be posted and applications taken. After my son took the role, his boss told him that regardless of his perfect qualifications, if a minority had applied for the role, they would have had no choice but to hire him/her. I’m all for DEI when it means PREVENTING discrimination based on PERSONAL characteristics (race, gender, faith, etc.). But when it CAUSES discrimination of a more qualified candidate simply because he/she doesn’t possess a personal characteristic considered to be a minority factor - that’s when DEI goes too far. And everybody loses. The most qualified candidate is rejected, the less qualified hire is set up to fail, and the organization suffers the impacts of the employee’s deficiency.

No one should be disadvantaged by their minority status. But no one should be disadvantaged simply because they have no minority status either.

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Post ID: @2lty+1bGZXOR1

"Sincere question from someone who supports DE&I but feels the company has been way too aggressive, too fast: How so?"

@2jvy:

I can't speak precisely to what was further discussed in that particular meeting. It would identify a couple of individuals. It boiled down to frustration with making DEI such a priority (but only in a window dressing manner, not actionable DEI for the most part) that KPI focus tended to fall by the wayside. Less time spent on improving KPIs that affect the bottom line, just so someone could say they're inclusive.

However, in my former team, a DE&I hire - and I was one of the people on the interview panel, and was indirectly told we had to hire this person regardless of qualifications - was effectively useless. I know the person was given a "1" review, or whatever it's now labeled instead of just a 1. Would frequently state "not comfortable doing that" even though it was a primary task in the role. Managed to shirk on call responsibilities for a year. Fortunately, this person was laid off recently. Upside is that at least it was no great loss to the team, as far as I'm aware.

I worked in technical teams that were remote for almost 15 years. I can't speak much to the equity but as far as diversity and inclusiveness go, the teams I worked in covered those bases reasonably well. It's in the past three or so years that manager one on ones and mentorships pretty much disappeared. There was no coaching, no analysis of a team's individual talents and strengths - basically a decrease of what they're hoping to increase.

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Post ID: @2sjs+1bGZXOR1

@2zfa I'm in the opposite boat. I log in every day hoping I have a meeting scheduled to tell me I'm being laid off. I don't really have the ability to make the same amount of money at a different organization, I'm not even getting interviews, but I've been one of the more solid performers on my team here.

After 20+ years slaving away for WFC I want more than anything to get a year of paid reskilling/job hunting.

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Post ID: @2zcf+1bGZXOR1

Well truth be said that it is NOT FUN AT ALL to go to work each day with a fear of being laid off at any point, for any reason, while still trying to be a loyal productive Wells Fargo employee. Bad vibes for sure. Some depression on the part of the remaining employees for sure. Not as motivated as could be for sure. Company does not care about their loyal employees, check. Living in fear, very busy, working hard and doing important work but that may not matter at all in future layoff decisions. Not like when I first started working for the company. What is there to look forward to in the future at Wells Fargo now? Getting laid off? Worrying about getting laid off? Things need to change drastically.

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Post ID: @2zfa+1bGZXOR1

"...the priority of DEI negatively harming technical performance measurably"

Sincere question from someone who supports DE&I but feels the company has been way too aggressive, too fast: How so?

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Post ID: @2jvy+1bGZXOR1

There was a recent technical meeting between an application team (CSTAR I believe) and support people including PKI, a couple middleware teams, and some network representation too I think. So cross-team call. It turned into a complaint session about the company, mentioning the long drawn-out layoffs that got rid of some dead weight but mostly targeted the wrong people; the lack of communication of what direction they're heading; and the priority of DEI negatively harming technical performance measurably.

So at least in much of technology few across dev and support teams seem to be happy to be back after a holiday weekend.

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Post ID: @1twu+1bGZXOR1

@1ura+1bGZXOR1

You should edit your statement to read “no exec cares about a front line worker” and you would have nailed it because those are the facts, despite your attempt to paint actual employees in a negative light.

It is obvious who you are or at least whose a$$ you’re kissing.

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Post ID: @1ers+1bGZXOR1

It's almost funny but mostly just sad how many people just have no idea how business works. All of you whining and complaining about the Execs are in your correct roles. Low level front line workers. Don't think, just work. When you think you get weird ideas and expectations. Life is not a free ride. If you want extras you have to make it happen for yourself, no one is going to give them to you. And no Exec who has worked to get to their level really cares about a front line complainer who is looking for a hand out.

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Post ID: @1ura+1bGZXOR1

I feel I am safe being on a relatively new team but then again I know from past experience that no one is really safe because the layoff decisions don’t always make sense. The bean counters are you as a number, especially if you have any experience which means you are making more than someone offshore or right out of school.

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Post ID: @1pov+1bGZXOR1

Not even a little. I wonder if I will have a special 1:1 to announce my layoff, everyday

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Post ID: @1uwk+1bGZXOR1

I'm laying in bed still. Almost 8am and I'm mentally calculating how long I have until I "have" to log in. Glad to be WFH, but not looking forward to another week with WF. On the flip side, is a holiday week so some folks will be on PTO making it a quieter week. I will be able to look for and apply to more jobs externally as that's become my focus. I'm grateful for the many years (over 15) experience I have that I can take elsewhere.

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Post ID: @1ier+1bGZXOR1

If I'm being honest, working from home makes Mondays a whole lot easier than going into the office. I would absolutely dread going to the office. I don't mind too much since we are still working from home.

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Post ID: @1aqn+1bGZXOR1

@zzt+1bGZXOR1No wonder your team mates and managers try to get you fired. You’re not a team player.

Team players cover for each other when they commit fraud.

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Post ID: @1ffm+1bGZXOR1

There are two kinds of people at Wells Fargo. 1. Those who are actively looking to get out. 2. Those who are waiting and hoping for severance packages.

Neither look forward to Mondays, or in this case Tuesday.

Sure, some troll will show up and claim to love their job here, but if you believe that I have a cave under a bridge to sell you.

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Post ID: @1pkr+1bGZXOR1

I’m not excited at all

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Post ID: @1tyk+1bGZXOR1

@zzt+1bGZXOR1 sounds like you are in Community Banking Control Office.

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Post ID: @vdc+1bGZXOR1

I'm not looking forward to having my mid year review. I spent 2 years with my manager and coworkers actively trying to get me fired while I was the only one keeping them from getting fired. Thankfully, my manager at the time was fired instead after it was found out that he never had a one on one meeting with me and I had documented all of his illegal decisions. The new manger is ok and he now knows just how badly the rest of the team constantly screws up so I don't have to worry about that. It is just that there is so much drama around me for being a straight laced person that I have zero confidence anymore. They have fired 8 business people, one of them was sued for creating a hostile environment, 15 of my team mates have moved to other teams or been fired (I am friends with the ones who moved to other teams). The amount of shady this team does is astronomical and they are excellent at hiding it.

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Post ID: @zzt+1bGZXOR1

He k yeah. Super excited to see my co-workers who i’ve now been disengaged from for three days. Also, i cannot wait to catch up with my best friend at work! Tuesday is going to be electric!!!

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Post ID: @gcf+1bGZXOR1

@tsj+1bGZXOR1 - Not an exec. I am a low level workerbee in the same boat as any of you. An Average Joe. I got bills to pay, too. My point was, I get its not fun but there are jobs out there and you can make a few bucks while finding something else more permanent.

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Post ID: @yah+1bGZXOR1

@tcp downgrade my income and lose the work-life balance I have right now just to make you, executive leadership, and shareholders happy?

f-that.

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Post ID: @tsj+1bGZXOR1

Every business in America is hiring right now. Look. Apply. It's the hottest job market. You may make less, but you will have work and some income.

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Post ID: @tcp+1bGZXOR1
  1. S. from @ist:

What will REALLY pi-s me off is if they string me along until the end of the year and then the severance gets cut for 2022.

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Post ID: @ppd+1bGZXOR1

I’ve enjoyed my time at WF. My job’s OK (it’s been better), and I like the people I work with. I’ve had a good run for 11 years. When post-pandemic layoffs began, I started worrying that I MIGHT be let go. Then the more I learned about location strategy, I figured I’d PROBABLY be let go. Finally, when one of my managers said that those in our group who are 100% WFH and not near a hub will likely be given the choice of moving to a hub or taking a separation package, I’ve accepted that I WILL be let go. And now I’m OK with it. I just want to get it over with. So how I feel about going to work tomorrow is HOPEFUL that this will be the week they give me notice so I can cash in on the severance (before they start mucking around with it on 2022) and start working on my next adventure. My spouse thinks I’m crazy, but it’s actually getting to be exciting!

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Post ID: @ist+1bGZXOR1

@ulw if we all did that you wouldn't have a reason to whine here.

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Post ID: @vez+1bGZXOR1

Wells is the best place i've ever worked. Good pay, decent bonus, good pay, good amount of time off, decent co workers. Only thing i would say that has been a negative is lack of upward mobility. There's some fantastic people who they haven't let rise up the ranks, while they hire some at management or higher levels that shouldn't be there.

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Post ID: @lid+1bGZXOR1

@asg+1bGZXOR1. If you are not happy grow a pair and quit already.

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Post ID: @ulw+1bGZXOR1

So many defensive hucksters.

What's the matter execs? Can't stand the fact that despite your best disenfranchisement efforts people still show up?

If you want to get rid of us grow a pair and lay us off already. Offer voluntary severance, people will take it and you get your reductions. It's typically less than one year of expenses. If you really were interested in changing things you'd force the change rather than spend months trying to get people to quit while still paying them.

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Post ID: @asg+1bGZXOR1

Are you looking for a new job? The constant complaining doesn't help. Maybe it's time to get out?

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Post ID: @icz+1bGZXOR1

I like to work. There is dignity in working and doing. Its is not the actual work here that is the problem. It is the environment/culture that surrounds it that is. The inept directors, people in roles that cannot lead others effectively, the chaos they perpetuate, etc. The lack of support. That is the element that I think many poeople are sick of.

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Post ID: @xjv+1bGZXOR1

@vza+1bGZXOR1. It’s not the job. Dead wood does not work nor has any skills and Wells welfare program is ending

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Post ID: @erm+1bGZXOR1

Miserable and still hanging on. Sad!

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Post ID: @lio+1bGZXOR1

@xfn+1bGZXOR1

If the alternatives are 'natural attrition' or 'even more mass layoffs', I'll take option 1. At least it allows for people that REALLY want to be here a better shot at staying.

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Post ID: @dkj+1bGZXOR1

Looks like lots of Chainsaw hacks being paid to post on here. Or competitors employees antagonizing the op. Get a life, Trolls.

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Post ID: @spe+1bGZXOR1

I feel perfectly fine, and greatly appreciate my job at Wells Fargo. Not everyone is a miserable sack.

When people droll endlessly about their misery, you start to wonder if it's really the job that's the problem...

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Post ID: @vza+1bGZXOR1

I read posts like this and it only confirms my own experience. It's dreadful logging in not knowing what crazy, toxic bs you're going to get hit with. The top of house wants you, me, and others to quit. They want natural attrition to reduce head count. They want you to be so miserable you throw in towel.

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Post ID: @xfn+1bGZXOR1

Move on then stupid. FFS.

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Post ID: @asb+1bGZXOR1

I am. Lock the thread.

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Post ID: @cdi+1bGZXOR1

I work at another company and share your misery. No better anywhere else. LOL!

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Post ID: @lto+1bGZXOR1

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