Thread regarding Wells Fargo & Co. layoffs

Each year is worse than the previous one

I don’t even want to think about what 2026 is going to be like, considering that for the past five years, if not longer, every single year has been worse in some respect than the one before it. More layoffs, fewer benefits, and a culture that keeps deteriorating. Let’s just say I’m not looking forward to finding out what the next year brings.


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| 1541 views | | 8 replies (last January 12) | Reply
Post ID: @OP+1kdmjtjhj

8 replies (most recent on top)

Worked for Wells Fargo for over 10 years and they are the most manipulative, incompetent people you could imagine.

No manager can answer any questions, they just sit in their office and collect rent.

Nothing works. There is an endless - decades long - "promise" that they are working on things and that workflow will someday be manageable and coherent.

Leadership yokes the employee with all the risk - our "risk hat" - and takes absolutely no accountability when their (leaderships) - sloppy dysfunctional behaivors destroy things for everyone else.

The only metric that anyone can claim is "top producer" - see how that turned out for John Stumpf.

The managers are the d-mbest people you can imagine. Lowest common denominators who failed up and went from opening fake accounts to "leading teams".

Wells Fargo is a disgusting joke of a work place led by the worst sorts of parasites and sycophants.

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Post ID: @2an+1kdmjtjhj

The same for managers. Each one is worse than the previous one. If that's possible.

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Post ID: @fc+1kdmjtjhj

Change is great, but what happened is not about change at all!! Like OP said the goal is to make you quit and suffer while going out the door so they can mark you as unable to return (mandatory notice period) or worse terminated after 20 yrs all because they chose to give IM's. It is really hard to stand put and be exceptional in an environment like that. No one talks about how the customer is impacted by all these disasterous leadership decisions. If people are only focused on satisfying leaders.. well I will just say; that is how we got in this mess to begin with. 8 is great...remember?

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Post ID: @dr+1kdmjtjhj

I have seen the same decline. My job started out great but continually got worse year after year. Eventually, I was displaced all of this RTO, location strategy and every little thing they come up with is just a ploy to get people to quit so they don’t have to pay them a severance. I can’t believe that most of the managers have been with Wells Fargo for 20+ years. They don’t let those people go yet. They’re currently trying to figure out a way to not pay them severance if they are displaced Wells Fargo is nothing but a big sham do yourself a favor and don’t lose sleep over them.

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Post ID: @d0+1kdmjtjhj

I tend to agree but I also think it's part of all the changes. Generally, people don't like change. Could be a new manager, office change, etc. I had a really good manager, maybe the best there ever was. My new manager, not so much, but maybe I was just spoiled or maybe because it's just not the old guy.

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Post ID: @cg+1kdmjtjhj

Agree with @OP

All the current "management" are doing is bringing in more and more layers of BS to make working here less enjoyable. The micromanagement, the digital productivity tracking, trying to turn everything into a point and click process so it can be outsourced to the least-capable customer service agents on the other side of the ocean.

I used to want to keep this job but be ok with a layoff, now I'm actively hunting jobs and hoping to get laid off from this torture. If I felt like the current management team had a vision other than automate, outsource, and downsize, I'd still feel like this place had a future, but my experience with their outsourced and downsized services tells me this place is the titanic, and they're the ignorant captains steering us toward failure because they don't think they can sink the "firm".

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Post ID: @bx+1kdmjtjhj

I noticed that trend as well. Health care costs keep rising, with coverage declining. Several years went by with no raises at all for folks in certain pay ranges. Bonuses were OK, but those are one-time and don't accrue....in other words, can't bank on them being there. 401k accounts went to yearly match - denying many who leave during the year NO matching. How about RTO? We proved we could work remote, it makes sense to the firm, but NO. One must go into the office, to a "hotel" cube that is infested with other's germs. Yes, I could go on. Compared to when I started in the early 2000's? It was awesome back then. Now? Not so much.

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Post ID: @b5+1kdmjtjhj

Your concern is noted.

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Post ID: @b3+1kdmjtjhj

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