Thread regarding Wells Fargo & Co. layoffs

If you know WF is a bad corporate actor but haven't left, you are a bad corporate actor too

This board is too populated with self righteous blowhards who lack the backbone to leave absent being laid off and collecting severance. I think it more likely, they are too lazy to put in the effort to find another job outside of WF or they have risen to a salary level that exceeds their actual skill level and have extended the,selves to far financially to leave.

I left without another job to begin. I banked up enough money to not be driven by that as my main consideration. I did get another role (not difficult at all) while it was less money it was still a six figure salary. In less than a year I was presented with 2 raises and a promotion for yet another raise. The best part is I work in a company that treats me as a professional.

If you've been at WF more than 5 years you've seen the change (for the worse) that has taken place. To those of you worried about age discrimination, I was 63 when I got hired for my current role and I have seen various other non entry level jobs filled with plenty of 55+ hires. It's not going to improve at WF anytime soon; control your story and put this sad experience behind you and get out.

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| 1281 views | | 10 replies (last May 2, 2023) | Reply
Post ID: @OP+1moh7puB

10 replies (most recent on top)

So you left WF but still think about WF so much to come back here to post about it? Move on already!

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Post ID: @2rya+1moh7puB

It’s dirty money we are earning here. What ever you have done with that money can’t be respected. Nice home, nice car, kid in college, wonderful vacations. All done through evil unethical means.

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Post ID: @2dei+1moh7puB

Wells is both unethical and immoral.

Coming from legacy Wachovia blue and being in a group with long tenured ethical and moral people I ignored the larger WFC culture.

This is harder today. In the end, I will leave because of this more than the incompetence and bureaucracy of WFC.

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Post ID: @2lsb+1moh7puB

WF isn't any better or worse than most corporations. Just read posts from any other company on this site. I guess I should consider myself pretty lucky with my career at WF. Never really had a toxic boss, and while there may have been some times I wasn't happy or got bored, I did something about it and posted out to other groups. At this point I have a pretty good life balance, and while I can probabyl make more money elsewhere, my work life balance is worth quite a bit. Probably also helps that I don't mind going into an office.

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Post ID: @1pei+1moh7puB

Why don’t you send out another employee survey so you can check what the employee morale is? Or better yet send a survey out to all the displaced employees so they can all tell you what they really think of you Wells Fargo and Charlie?

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Post ID: @1jcj+1moh7puB

No Charlie...errr, OP, I'm not leaving without a years worth of severance. Nice try. Every scandal in company history came from the C suite's stupid decisions.

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Post ID: @1wdb+1moh7puB

So I guess OP has a retirement account that likely invests in companies are bad corporate actors directly via equities or indirectly though index funds. So that means ….

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Post ID: @1eht+1moh7puB

Every situation is different. People are venting on this site, providing important info, or have questions. It is layoff site! If you dont want to read these comments dont come here. Since you are long gone, why are you looking back?

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Post ID: @ygc+1moh7puB

I partially agree with you, OP, but your stance is too harsh. There are different classes of employees at Wells Fargo. Some making $millions per year, some in that 6-figure range such as yourself, and too many employees in the $40K to $50K per year. Some with families are barely making it, which is how Wells Fargo likes it.

I’m also not a fan of victim-shaming. I’m assuming you stayed long after the scandal broke out in 2016. Long after the Federal Asset Cap in 2018. Didn’t you know by then you were employed by bad corporate actors?

Having said that, the ultimate message is to find a way to get out. That’s the part I agree with. Warren Buffet was right in that the BOD should not have brought in another Wall Street CEO. We are stuck with the same thieves in suits, just different names We all deserve better, much better.

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Post ID: @lxq+1moh7puB

I don't see the employee opinions expressed on this site being exclusive to WF. There is some naivety in all corporate workers in what they are really signing up for. On the surface, compared to a manufacturing or other physical jobs, we work in a clean environment where people dress nice and are mostly educated. The pay is generally better, more holidays, etc.

At the same time we are just a number, we aren't as unique as we think we are. There is no idea or value any one of us has that moves the needle. We are in service of business, the business does not serve us.

If we went to a university, education does not cover how to strategize your career over time. Seeing yourself in 5 - 10 year increments is a failed thought experiment. Not easy to teach younger workers how to be present and watch for idleness/boredom over their career and how to take the appropriate action. Way too complex.

It creeps up you know? After 5-10 years you sort of sink in, maybe start a family or have other distractions where simply the job stability is more important than constant rat racing around to job after job.

Each worker has an individual story, their situation is not yours and vice versa. It is unfortunate there is too much complaining here, that is not helpful in any way. I'd rather see more explicit content about layoffs instead of workplace dissatisfaction.

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Post ID: @kjn+1moh7puB

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