Half my team was laid off yesterday and none of us seemed to have saw it coming. Wish i had known about this site before today so i could have been prepared
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I would, but almost everyone I knew from my WF career is already gone. Downsized or dead.
You should tell everyone you know at Wells Fargo that they should be visiting this site at least twice a week.
I also strongly recommend every person working for the company listens to the earnings call replay. You will hear our senior leaders proudly talking about how many people they have let go and touting it as a sign of progress at the bank. That tells you everything you need to know about layoff risk.
I'm guessing you've never downsized anyone.
@cm well it certainly doesn't help they act like nothing happened. It was a long time before I spoke to my manager after that happened to the others on the team. She remained consistent and sweet the entire time. So I was guarded.
@OP what LOB and what location?
And charlie shwarf was sitting there watching it happen while eating popcorn and getting butter all over the keyboard
Tens of thousands of WF workers have been laid off in the last several years. Yet people are suprised when they get the axe? That is the goal! To get rid if as many workers as they can either replacing them with overseas sweatshops or AI. Just because you may be in a " core site" means nothing. There were several core sites and they closed anyways. If you are still employed by this bank, your days are numbered. This bank will eventually be parted out like an old junker, after shareholders pocket as much of the loot as they can as they take a raft to safety leaving you on a sinking ship.
@at why would they be emotionally affected by laying you off? They probably lay people off all the time. You are nothing to them nor probably anyone else on the planet that isn't family. Stop acting like whatever happens to you is relevant to anyone else because nobody cares.
If you are telling us a whole team of people thought they were immune from displacements, then that's on you. The harsh reality is that if you work at Wells Fargo, then you need to be prepared to be displaced every other Tuesday.
I've downsized people before, and honestly don't remember any guidance to act like a robot. They do tell you to focus on the whole business decision thing. It's a horrible aspect of the job. Not sure how robotic or emotional I've appeared in these situations, but I do know I'm pretty focused on the individual things I need to convey, so maybe appearing empathetic isn't as high on the priority list as it could be. I'm guessing they can tell I hate it, but who knows. Hopefully I never have to do it again.
In any case, the managers you speak of can laugh it off all they want. If downsizing is impacting their group, it's likely a matter of time before they start to get the axe. Spans and layers was one of the very first things Shart did, and a ton of managers have been downsized. They aren't immune.
I’ve been part of that process before and they tell you: don’t show emotion. Don’t offer any hope (“the decision has been made”). Be firm and professional and remember it’s not personal. This is a business decision. All that stuff to toughen you up and protect the bank from a lawsuit of misunderstandings or unfair treatment.
Sad but true: layoffs are about jobs, not people…. But the people fill the jobs so hard to separate the two.
Half our dept was laid off all of a sudden from one day to the next. The scary part that I found unsettling is that management didn't seem emotionally affected by it all. Almost robotic in a way business as usual.
The next day I even noticed them laughing and seemingly going about their laughing with each other. As if something terrible just didn't happen.
I don't see how even if it is just business, people are people and feelings and emotions are real. It's people's livelihoods at stake and they treat it the way that they do.
I just don't wanna hear the come crying to someone else when they may be faced with something like that themselves one day.
For all the hate some people spew here, there is also more truth than you'll ever get from HY or HR.
@OP Good luck! Which lob?
You didn't know that the company has been laying off people?