Thread regarding Wells Fargo & Co. layoffs

Managers - start pushing leaders to open the ability to volunteer for layoffs

I would even take less severance that was ordinarily expected.

WF pays too much and has such little accountability that people who hate it here are going to stick around and collect checks. Few are going to leave voluntarily without another job lined up......come up with a deal. Help us help you!

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| 2761 views | | 19 replies (last November 28, 2022) | Reply
Post ID: @OP+1jPdx4hY

19 replies (most recent on top)

@4gmh+1jPdx4hY

All true, but it's also true that a company that treats their people like garbage will get less than stellar performance from them. There's consequences to doing things that are profoundly stupid. This exec team will get the workforce they deserve. The great people will leave, the mediocre will stay behind and perform beneath their ability.

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Post ID: @6bdu+1jPdx4hY

They’ve already started making us go to Purchase Power meetings on a regular cadence here in Seattle/Bellevue. Pretty sure the end is near.

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Post ID: @5ikh+1jPdx4hY

@4gmh+1jPdx4hY

It’s probably enforced more on those employees that aren’t any good.

If it’s being enforced on you and you’re reading this, simply ask your mgr if you’re any good.

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Post ID: @4oqs+1jPdx4hY

Sorry to say, but armchair attorneys arguing labor law here - are wrong. The only thing that WF needs to care for, legally speaking, is accommodation of a disability as defined under ADA.

Saying RTO=constructive dismissal? Telling you to go to a specific location (to the office) to do your job isn't even remotely near the standard of creating a 'hostile work environment' (which is what is must be demonstrated for constructive dismissal)

The fact that some areas are enforcing and some are not - is also irrelevant, legally speaking. Working remotely is not a protected right and doesn't have to be applied across the firm uniformly.

It also doesn't matter if you previously had an agreement - because they said the company has the right to change it at any time and for any reason OR no reason.

Sad, but reality.

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Post ID: @4gmh+1jPdx4hY

Constructive dismissal? That sounds better than tactical dismissal.
Lest we not forget, it’s easier to ask for forgiveness than for permission. The company is notorious for getting away with things, and apologizing later on.
Life is not fair. If your parents didn’t teach you that, learn it, now.

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Post ID: @3yce+1jPdx4hY

@3row+1jPdx4hY Hold on a sec. They're NOT in their right to do that. That's called "Constructive Dismissal", and that's illegal.

The problem is that they've already factored in the cost of losing settlements/lawsuits over that, and have accepted it as a "cost of doing business".

In short, they know they're wrong, but they don't care.

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Post ID: @3tia+1jPdx4hY

Here’s the thing to keep in mind. This is a business, not a religion. You might be a moral and ethical upstanding individual. Though, when it comes to business, you need to operate at the business level. If the situation involves big money, and the business people are smarter than you are, you always hire lawyers.
You’re not here to sing Kumbaya with the rest of the team members and leadership. You are here for one thing only and that is to make us much money as you can as fast as you can. Keep in mind, that the fine print states the company can stick it to you for lack of a better phrase. Use the company as a stepping stone, and a résumé item for a future opportunity elsewhere.
Finally, if you’re not currently working here with the intention of looking for a better position elsewhere, then what are you waiting for? Wait! Do you want to make friends here, too? Forget about it. Go to church to make friends, instead. The people here are not your friends, they are some of the slimiest and sleaziest buggers I’ve ever met. They will throw you under the bus with a smile. I know. These same people can be great family members, but when it comes to business, watch your back.

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Post ID: @3gxs+1jPdx4hY

They are in their right to force us to come in for no real purpose besides upsetting us and pushing us away. However, that doesn’t make it right. Like seeveral things you are going on today, just because the law allows them to do something, does NOT make it right. Shame on the weak leaders.

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Post ID: @3row+1jPdx4hY

@1avc+1jPdx4hY That is why layoffs are often times left to supervisor discretion as to whom loses his/her/its/them/theys jobs.

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Post ID: @1xgx+1jPdx4hY

You can volunteer anytime. Just quit. Why should they pay you to leave? Just leave then.

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Post ID: @1ezt+1jPdx4hY

They won't do this as a blanket policy because it inevitably results in "the wrong people" leaving. In tech it would be mu---r. They have plenty of other opportunities, and getting months worth of pay in one shot is a can't lose double dip opportunity. The people you want to leave would stay, and the people you want to keep would leave. It's one of those ideas that sounds good at first but can't work in the real world.

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Post ID: @1avc+1jPdx4hY

Clicking ‘send’ on the resignation email to my manager once the notification appears that my direct deposit has credited my bank account on bonus day next feb. I have kept a list of all their torturous behavior this year and I will not forget. Not going to complain, beg, or negotiate.

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Post ID: @1jnq+1jPdx4hY

I saw this done at a former employer, and it had a nasty side to it. The employer said, "You can volunteer for severance, but we chose the time that you leave, and you can still be fired for cause between now and then, and we reserve the right to change our mind and deny your request".

A lot of people took the deal, and thus were identified and known to the company as "ones that didn't want to be here". Sure, a lot of people ended up getting a package many months later, but those months were not fun. A lot of people volunteered for the package and still quit voluntarily (or got fired "for some cause") and never got a dime.

Companies are crooked. WF is no exception. Indeed, WF is quite skilled at it.

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Post ID: @1orl+1jPdx4hY

Send it to idea builder

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Post ID: @1lss+1jPdx4hY

OP, why don't you just resign? I'm not taking less severance---sheesh--WF has already cut my bonus out and merit is measly!

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Post ID: @1cyp+1jPdx4hY

Why give up a biweekly paycheck? Make WF your side hustle…

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Post ID: @wji+1jPdx4hY

Why provide packages when the bank's toxicity will ki-l you quicker?
#wellsfargoshitshow

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Post ID: @rrx+1jPdx4hY

Associates,

After carful consideration we will not be offering severance based layoff packages. We believe terminating employees identified by our cutting edge algorithms will return the best value ti our hedge fund shareholders.

NYC Management

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Post ID: @lgp+1jPdx4hY

Hi. Manager here. We actually don’t care that much either and have enough to do where we just give the illusion of caring while avoiding direct reports and their needs at all costs. A direct will need to beg for 1:1 time in order to be heard whatsoever.

Best,
Management

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Post ID: @kuh+1jPdx4hY

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