The leadership doesn't hold employees in high regard. This should be common knowledge. They see me and every single one of you as just another replaceable cog in the machine, always on the hunt for someone who can do the job for less. It's not exactly a flattering viewpoint, but unfortunately, it's the reality of our situation. If you think you are safe in this environment, you are delusional.
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@1eqh+1lJDb2
My take is management is too incompetent to know who adds value. We have watched them force out or terminate top performers over and over again. The quiet dead weight is safe
Duh. Same as any company. If they don't need you are gone this is not a public works program it is a business. If you are smart, work hard, have a history of excellent results they may find a spot for you. Otherwise you are gone.
People can always be replaced, but the replacement is often a massive downgrade and collectively that can/does negatively impact the company. Turnover also costs a lot of money, so just intentionally causing churn for no real benefit is a self defeating exercise.
Marketing is safe. There have been layoffs in the past, but now we are either too valuable to lose or flying too far under the radar to be targeted.
We are told it’s the former, I suspect it’s the latter.
This is the design of a corporation. Would you really want to have someone who wasn’t replaceable? No, because your business needs to be sustainable in the long run.
It sucks to work and live in fear of being laid off or fired-I know because I’m living it with you. The last three promotions I earned were because I was fearful the team I was on was going to get cut. I was right twice. I like to keep moving to new roles every few years. I’d recommend that approach to anyone. The moment you get complacent, you’re a sitting duck.
Or you could strike out on your own and start a business. Then you definitely will be critical for the success of the business! I’m starting a side hustle this year, not because I’m in financial trouble, more so that I could potentially build an off ramp in case I do get laid off or I decide I’m done with corporate life.
Gives me more peace of mind and power.
A lot of us are similar no matter the department. We take in an issue (customer or system related) and then directly resolve or assign to the next team.
WF is demonstrating that automation and/or cheaper labor offshore is another approach to accomplish the same work. The tradeoffs (less personable workers, increased delays in issue resolution) are not financially impactful enough to avoid committing to layoffs.
WF tends to be a follower in many areas, they most certainly query other company leaders to figure out the direction of where things are going and how to take action.
FYI- you are just a cog in the machine. Any person at Wells Fargo (and any other major corporation) is easily replaceable. If you don't like this, start your own company.
welcome to corporate America. People who think this is limited to just WF need to get out more.
You just realized this?
I can't believe the amount of knowledge the company has let go or forced to retire/quit. I honestly wonder if CS is trying to ruin this company, then buy up the parts when he's the JP Morgan CEO.
The secret floor where we hide H-1b workers is usually safe in every layoff I have seen in my career. But they are contractors, no one really knows anything.
Truth. Over the last several years many groups have been gutted or the process of starting to gut them has begun. In a few years mortgage will be looked at like the interoffice mail group is now, a dead end with just a few remnants left.
No $hit