Thread regarding Wells Fargo & Co. layoffs

I left WFC about 18 months ago after being there for 14+ years. I didn't leave so much for RTO as I did for the tech location strategy. I refuse to uproot my family to retain my job, which immediately lowers my income because every hub is more expensive to live in than where I currently live. Didn't have to put up with it, so I didn't. Went out and got a better job with a higher salary at a local company, retaining full WFH. If you have a transferrable skillset, it absolutely can be done. If you don't have one, go get one. Take control of your destiny.

First Citizens Bank - Raleigh - Tech - great place/people and exciting times ahead as we grow with CIT and now SVB.

I work at a smaller securities firm in more senior role. They pay me better bd I don’t have red tape between me and want I want to do

My advice- get out before it breaks you. The curve starts innocently, but it quickly turns.

I was bullied & harassed by a coworker and left as I had no real support from management or my team (they knew it was going on & a lot of it was done in writing, so it's provable), even though she also did it to my manager. I was concerned this person was so obsessed with me that she'd show up where I live. I attributed her outright aggression in part to the recent Hub policy & the stack ranking, neither of which were in her favor. In the old days, banks didn't hire people like that. I'm glad I left WF. It saved my life. It's taken a long time to recover what I went through & the toxic team I was on, but I'm convinced I made the right decision. I will NEVER go back. Not even to consult. I was a high performer. Don't look back. The bank protects the "problem child" either actively or by not taking these situations seriously. Think of where you give your energy to and always correct course.

RTO was a deal breaker for me. Left for a fully remote role at a peer bank. Higher pay, title promotion and lucked out with a new great manager and less toxic culture. I encourage you to do the same.

Agree with @plj+1lYLz6vl, look at small to medium companies and take the leap and enjoy 20th century work from home opportunities without micro managers. I kick myself for not leaving ten years ago. Your skills can be applied elsewhere and you can get a nice raise - have faith and invest in an updated resume. Good luck to you, we have all been there. The grass is greener outside the wagon wheel.

Left a couple of years ago, got tired of constant re-orgs, Agile BS (IT here), and management cowardice.

Long story.

Here's the bottom line...no one starts in the mailroom and 30 years later sits in the CEO office.

People change jobs. A lot over the course of their lifetime.

Careers, too.

So unless you're playing guitar for the Stones, which seems like a fun job that pays millions, move on.

It may be better, may be worse, that doesn't matter, you're going to have a bunch of jobs in your lifetime go get to finding something better now.

I was at WF for over a decade and I wish I could go back and quit after my second year.

And yeah, I stop by here every few months to check in.

Good luck everyone.

Left Wells over 2 years ago for another financial services company after 18 months at WF. Overall, pay is better (mostly due to tight job market), but there are unfortunate similarities. Bureaucratic and broken processes, gaps in knowledge, surprises from leadership/executive level, budget chaos, not enough technical resources for the committed work, etc. The people are slightly more pleasant, but sadly the company is just as disappointing for the above reasons. Seems to be a corporate climate issue rather than just a Wells issue.

IMO, truly happy people don’t look back. So, consider the source.

My experience at Wells Fargo is very similar to @gex. Because of bad leadership and organizational chaos (span and layer, hub locations), folks who were once decent/solid performers now don’t give a cr-p and become lazy and apathetic to work. Due to above average PTO’s, benefits, and compensation they will not be leaving WF on their own. Others who care about their careers already left.

I am retired and reflecting on the time I wasted at Wells. I was silently quieting for the last 2 1/2 years I was employed there. I don't know about everyone. I suspect many people are like me.

I am now twice removed from Wells. Compensation is much better, although if I had come to Wells recently that wouldn’t necessarily be the case as Wells pays new people much better than long timers. Had a chance to return, though, and didn’t because I am also full time remote and the benefits are quite a bit better. Besides, you shouldn’t have to go get another job to be compensated fairly.

The biggest thing, though, is being out of the toxic environment. I’m not ashamed to tell people where I work, SVB hasn’t just unleashed some new awful agenda, and I’m working on stuff which actually helps humanity. You have to do your homework, but there is a lot of green grass out there, even now (although it would have been much better a year or two ago).

I know a number of people who have left wells, myself included, only to come back, but then again we weren't in toxic groups remember that the grass isn't always greener, but that doesn't mean that it can't be. in terms of compensation sometimes one step back can lead to two steps forward. if you are absolutely miserable then start looking and leave when you find a good fit. remember that when interviewing a company isn't just interviewing you, you also need to use it as an opportunity to interview the company. if you get to a point where they make you an offer, ask if you can speak to a couple of peers to get some unbiased feedback.

Well... I was laid off from Wells. I actually didn't want to leave, but I did end up at a competitor, and they're paying me a lot more than Wells did. A lot more.
However, I will be honest and say that the stress levels are about the same. Some days are quiet, other days, all you know what breaks loose, but that's the world of Corporate America.

My stress induced illnesses cleared up on their own after I stopped working for Wells Fargo.

I would hope everyone that left for a new job took it because it paid more. How many people do you talk to that shortly after starting a new job doesn’t think the world of it.

No offense but I won’t say where I went on this forum because a) it’s nice being away from the toxic people at WF and b) this company has very few WF people because their toxicity comes out in the interviews. A few people here have gone to WF and come back in 6 months or less!

WF employees have quite a rep in the open market which is a shame because I’ve worked with some good people there, the minority as they may have been. I went to a smaller company than WF but still a large company by most standards. The company research I valued most in my search was this board. My current employer has almost no posts other than the annual “any news for YEAR” posts from whoever runs this site. Big plus.

While sorting out the real posts from trolls is not easy, the pattern for the company overall has been consistent in my limited experience. Lots of posts for WF, very difficult environment. Few posts where I am now, very positive environment.

Good luck!

I had to quit for my own mental health. I took a remote job. Be open to compensation and GTFO.