Thread regarding Wells Fargo & Co. layoffs

@eq
This ^^
Been there done that.
Funny thing is, when they froze PTO to get the projects in that year in my area, they backloaded it up so bad nobody was around during the fall and the holidays due to so much PTO that had to be taken. That's poor management.
Dopes. Absolute Dopes.

@jb
Me too. Done with Corp america B.S. Time to pivot.

A layoff is a going away present for me. I'm done for good if it ever happens. Who cares about the job market.

@fh Can't win for losing eh? We're supposed to take what the corporate world offers, but also set boundaries and control our destiny?

You change directions more than a wind vane in a tornado.

@cf the issue is the h1b, h4,opt, j1 visas. Every company is doing this not just wf

@op or, just maybe, there are those of us who don’t care about losing their job. Not because whatever severance is some sort of godsend, but because we set ourselves up mentally, financially, or both, years ago and it literally won’t matter.

The only people I’ve ever heard complain about not being able to find a job for an extended period are those who aren’t willing to do what it takes. Those who think far too highly of themselves. Knowing your self-worth is important, but taking that McD’s job while you search for your dream position isn’t a negative.

@eq sounds like you rolled over and gave up your taint for a body-less corporate entity.

Next time try setting up some boundaries instead of being a female dog and simping out for a paycheck.

@ea Obviously you've never been in an important enough job where they said you couldn't take PTO during certain events. Maybe if you'd get out of a call center, branch, or the mail room, you'd see how important jobs actaully work.

@e9 Hiring is currently at levels not seen since 2009 when we were neck deep in the financial crisis. Maybe the metrics don't meet the technical qualifications for recession - and with this administration, who knows if you can even trust the data or not - but from a vibe perspective, we're already there. Who cares about GDP if it takes a year or more to find a new job.

Why didnt the id--t crying about working anniversaries, birthdays etc use some of that precious PTO if they didnt want to work on those days? Lord knows WF provides a ton of it compared to most places. If youre gonna come on here and cry like a baby about having to work because youre too stupid to know how to ask off then thats on you. Crawl back into your hole.

Anybody who thinks we are "months into a recession" is obviously too stupid to be taken seriously about anything else in their troll post. Spare us all the BS about all your weekends at work Mr Bank Employee. Nobody believes you.

@cf
Holy cr-p, you hit it on the head.

@OP
"And if you are part of a couple where both work at WF, one of you better already be walking out on the blank to jump somewhere else."

This!! ^^^.
DO NOT work for the same company.
Was laid off at the same time as the spouse and the experience was, let's say, very sobering. We have not worked at the same place since.

The economy su-ks so roll over a p-e on the rug and be glad there's a boot there for you to lick.

@OP and the anti-WFH troll:

I make light of losing my job because after having that threat held over me for more than a decade, I honestly do not fu--ing care one way or the other. I will adapt if it happens, if it doesn't, I'll continue to milk this company for all it's worth.

I have given up multiple years worth of weekends, kids birthdays, anniversaries, paid-for event tickets, and many other things I simply can't remember for this company. All to be rewarded with meager sub-inflation "merit" increases. I have had "location strategy" held as a threat against me ever since the hiring manager left my group. Then I had RTO held over my head. After that, it was getting "the speech" that my job "may be" affected by location strategy in half a year, only to see a third of my group chopped and my workload more than double.

Yes, the job market su-ks, but so does this company. The current management team are greedy, sadistic a--holes who couldn't innovate their way out of a wet paper bag. All they have is cruelty, fear, and greed. So I honestly don't give a damn what they do because after 6 years of constant goal post shifts and one thing or another to amp up the pain, being severed will be like hitting the lottery.

The Average recession lasts 18 months, we're already months into this one, and my severance will be 14 months. I'm also halfway through a degree to help me GTFOH, so yes. I will joke, I will satirize, I will needle, I will lambaste, and I will hate on the management that has made giving decades of my life to this company become a fact I hate rather than an accomplishment I cherish.

They can die in a fire, dissolve in a pit of acid, and get fu---d for all I care. Pay me to go away or shut the fu-k up about it. Sh-t or get off the pot. Just fu--ing grow a pair and do it already.

Wfh, wfh, wfh! Don’t let this op gaslight you. Don’t stop fighting people.

Regardless of what the crybabies on here seem to believe, most corporate people at WF make more to do less than similar folks at other companies and the vast majority of people have to come in to work five days a week, which those same people seem to equate to being forced into a concentration camp. The reality is there are a lot more of you than there are jobs where you are needed and thats only going to get worse as AI takes more and more of your jobs away. Better plan on getting into another line of work but you aren't gonna like it.

It doesn't matter what your skills are—you could be a pro in sales, AI, or any other field. But when you're competing for a job alongside 1,000 other young and experienced candidates, it can feel impossible to get hired. This situation is even worse than the 2009 recession, and I've experienced it firsthand. Sometimes, you have to pivot to a different career path and return in a couple of years to find a job in your original profession.

@b0

Doesn't matter what they think; the leadership and management at WF think the same way.

@b0 I'm a boomer and I think location strategy and RTO are two of the d-mbest damn things that will be laughed at in 15-20 years. In 2025, it makes NO SENSE when a job can be done equally or better remote. Don't paint us all with a broad brush. You might be surprised!

This board continuing to serve up a bottomless supply of boomers who think everyone just needs to get over work from home. Good luck with that

@ap move on - your circular reasoning is getting tiresome.

@an Do you think people aren't doing that?

You are confusing sh-t talk and complaining on an anonymous board with how people are actually approaching their day to day.

I do not understand what value you think you are adding to the conversation

@am I am suggesting you realistically assess where you stand and act accordingly.

Other job options - go for it!

Not looking yet - start looking!

Looking but realistically don't have options - su*k it up and get on with it.

Doesn't matter if "eventually" WFH will become the dominant model - it isn't today.

@ac So what are you suggesting? People should just roll over, accept the sh---y conditions the capital class is trying to implement, and stop bringing WFH up? Expecting workers to do that seems just as unrealistic as expecting management to relent immediately.

Market may be sh--e at the moment but remote work is the future, long term there is no putting that toothpaste back in the tube.

@ac Job market won't stay cr-ppy forever.

a5+1k92qk68s

Evidently you haven't noticed that inspired of cutting 10s of thousands of people and services, WF is still making record profit every quarter.

"Management needs to understand demand for WFH is going to go away just because they say so"

Demand doesn't have to go away. They control supply. And the "demand for WFH" means less than nothing to them. In fact, it's a negative - the more demanding , the more restrictive things will get. That's been the path consistently for the past two years, and it's still the path.

With a cr-ppy job market, management has the upper hand.

Look around at job postings in your desired role and geography and see how many are fully remote. not much. hybrid is getting pretty scarce too.

I agree with you the job market is garbage - imo this is why the c-suite'd plans to force attrition are doomed to fail. But shaming people who advocate for better working conditions like WFH is a bad look. Just because the market is dire doesn't mean we should give up pushing for improvements. Management needs to understand demand for WFH is going to go away just because they say so

Wells Fargo is a joke. I am not sure what Charley Scharf actually does for a living but he is not a quality CEO. My goal would be to see him leave, the firm splintered into pieces and sold or merged. Intellectuals don't lay off workers mindlessly, as Charley has done or hand out Confederate scrip as a reward. That person has actual products and services, and a plan. Endless layoffs are not a plan. It's the sign of someone with little intellectual abilitym