Thread regarding Wells Fargo & Co. layoffs

How does wells compare to your previous companies?

Please share your thoughts. Is it really better elsewhere?

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| 1915 views | | 22 replies (last June 17, 2023) | Reply
Post ID: @OP+1n87wJxQ

22 replies (most recent on top)

Other companies I worked at were more selective in their hiring- hiring better people that were secure in their abilities. There was less dragging down of smart, hard workers as there is here, by both middle managers and peers. People know who does the work.

@uns+1n87wJxQ is right- below/average workers thrive here. They also protect their turf & will encroach on your turf relentlessly to protect their income which they can't make anywhere else. That means they drag people down that are productive. Notice in this present climate most of the good people have left. What remains is the dross.

Other companies treat productive workers so much better.

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Post ID: @2eun+1n87wJxQ

I fled WF after poor leadership and lack of resources led to work “days” that went past midnight and extremely high anxiety. Unfortunately the new company has been WF part 2. However, at least now I’m making 25% more and have set boundaries so my work days actually end during the day. So the grass is not always greener in terms of workplace but at least I’m getting paid more for my misery.

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Post ID: @2zhg+1n87wJxQ

Is this Charlie posting again wondering if things are that bad? YES you POS they are!!!!!!!! D-mbest mother f ever!

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Post ID: @2vja+1n87wJxQ

Left WF for BAC. Things are similar at BAC except the whole layoff sword over your head. When they hired me I was told to not expect lifetime employment and that what I was doing could end and so would everyone's employment working on this effort. Upfront and honest about screwing people over. I'll take that anytime. One guy I work with has been hired and let go 4 times over 13 years. He calls it little vacations in between jobs.

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Post ID: @1cvk+1n87wJxQ

Post ID: @1ryz+1n87wJxQ

We can always depend on you seeking attention in the only way you know how!

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Post ID: @1juz+1n87wJxQ

I worked for a great company which put customers first, employees second and shareholders third. Employees and managers worked together as one team towards helping the company build success, no layoffs, profit sharing, employees valued as assets to the team, could buy company stock at a 10% discount, managers based their success on the success of their teams, we put the needs of our customers first, ethics were a priority from the top down.

I view Wells Fargo as a dark dystopian state where people are dehumanized, and a cold authoritarian Capital controls and restrict their lives. Wells Fargo employees, I mean the Dystopian people, must live with fear oppression and hopelessness. The Dystopian state gives the illusion of perfection on the surface, but behind the smokescreen is extremely corrupt and unjust.

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Post ID: @1rta+1n87wJxQ

Wells was better than the others. Complaining endlessly and being insanely entitled seems to be fashion these days, bad habits learned from the worthless woke dei crowd.

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Post ID: @1ryz+1n87wJxQ

This question/post has a faint odor of coming from Management. Not that they care, but more because they arrogantly believe Wells Fargo is equal to or better than other companies and they are hoping to draw out some positive posts which might shift the tone.

Before you say Management isn’t paying attention to this site, they are to a certain extent. There was a negative thread out here about the head of one of the LOB’s and he was 😤.

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Post ID: @gew+1n87wJxQ

I have worked for advertising agencies that merged and financial institutions that failed. There were layoffs of course. Sometimes I was affected, sometimes I wasn’t.

But I have never worked for a business where layoffs were held over employee’s heads for literally years. I always try to do my best because I just want to be left alone and that’s the best way to get what I want.

But I can certainly understand why people working under these conditions throw up their hands and say sc--w it. There’s no reason to do otherwise.

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Post ID: @epw+1n87wJxQ

Been through 6 companies over the last 30 years in technology. I'd say WF was above average before the Wachovia merger, below average after, but they're not radically different from other Fortune 500 companies.

Read up on the working conditions at Amazon before Bezos left. I'm talking the office jobs, not the warehouses. Truly debasing treatment of people. Glad I'm not there for sure now.

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Post ID: @pah+1n87wJxQ

Microsoft is the problem. Not Apple. Always has been the problem.

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Post ID: @vac+1n87wJxQ

@uns+1n87wJxQ

"This begs the question: Is it possible for any large company to offer a healthy culture where workers can visualize their purpose and feel incentivized to show up each day?"

Maybe, but I'm not sure that should really be the goal. Every big company tends to cause trouble with anti-competitive tactics. It is healthy and good for competition that big companies go downhill. This gives the ability for small companies to compete effectively so the world isn't quite so overrun with monoliths.

Now if only we could do something about the Apple near-monopoly.

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Post ID: @pid+1n87wJxQ

Where I am currently, the pay is better, but the job was easier at Wells.

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Post ID: @ueg+1n87wJxQ

Before WF swallowed our smaller financial firm, we would not hesitate to tell people where we worked. It was a special environment, a mix of startup culture, cross training and many perks (food provided, parties, trips, etc). The only real drawback was the few who took things too seriously about needing to fit into the culture (cult-like).

As soon as WF took over, it was obvious things would be different. It wasn't losing the perks that mattered, it was the overall watering down of our skillsets, the lack of trust in our experiences and talents. We had purpose before, we knew the company mission and the incentives to work hard and make sacrifices was worth it.

WF ripped everything apart.

The only things WF does better than my old company:

  1. More PTO
  2. Average/below average workers thrive

This begs the question: Is it possible for any large company to offer a healthy culture where workers can visualize their purpose and feel incentivized to show up each day?

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Post ID: @uns+1n87wJxQ

Honestly, I would way until Charlie is gone.

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Post ID: @ayl+1n87wJxQ

For me, Wells pays a lot more for similar work, but job security is a fraction of what it was at my previous employer.

That trade-off was fine for a while, but now it's not worth it to me. I want stability again. I know nothing is guaranteed, but the instability of all of our jobs is beyond the norm. The ongoing stress it creates is unsustainable. 'Not caring anymore' as a solution isn't a solution. That will get you fired or laid off in a way that you'll likely have no peer references let alone managerial references. (Wells employees aren't supposed to provide references, but you know how that goes.)

Most people were/are nice at both places, benefits are close enough to equal. It's really the extra comp vs stability that's the only real-world, day-to-day difference to me.

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Post ID: @tyq+1n87wJxQ

I was pushed out by H1-B visa workers from China at a Rhode Island regional bank, after being forced to train Chinese H1-B workers for several years.

During the years on knowledge transfer, I had no projects of my own. Everything I had done, the credit goes to them.

I kept asking for work, I kept being attacked by my manager and Head of ALM. I couldn't believe it, I was asking for work, not vacation - and they put horrible personal attacks on me complaining I have no confidence as reason.

They have no problem steal from my knowledge, what will they do to your money???

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Post ID: @ewz+1n87wJxQ

I never liked “working” for a living. Have always gotten by fine taking money from the church basket, stealing spoiled kids bikes, grabbing wallets, selling fake food stamps, writing bad checks and stuff (those banks are SO D-MB!)

Well imagine my surprise when I heard a BANK wanted to hire me!! 18 dollars an hour and no experience!! They said some boss named Chainsaw likes cheap labor and wants to hire more people like me! Sure glad I got my GED!

I really like it here and am looking forward to boosting my income in other ways (if ya know what I mean haha). That Chainsaw guy
Is my hero!

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Post ID: @iyl+1n87wJxQ

I worked for an insurance company for 24 years. Much better pay at WF. However, the same corporate BS. I was “laid off” for asking some hard questions about how they were applying employee benefits. I wasn’t going to work at WF, but an opportunity arose and the pay was good. However, I’m near my career end so wouldn’t advise anyone to stay for career purposes.

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Post ID: @jmv+1n87wJxQ

Every company I’ve worked for has had serious downsizings. “Do more with less” has been at the forefront of my career for 25 years. It’s the way it is. I found once that you understand this, it gets easier and you figure out how to work in that environment.

I’ve worked for some companies that were incredibly toxic, and all of my immediate managers at WF have been great. We all have different experiences here, and that’s normal anywhere. What you can control — You always interview/choose your manager and if you inherit one who you don’t like, trust or respect - - leave. Find one that you want to work for.

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Post ID: @ysv+1n87wJxQ

I had worked for a mid-size financial corporation for 25 years. There had NEVER been a layoff in the 75+ year company history. All was great until they hired a northeast banker to lead the company. Layoffs started almost immediately and I was one of the "targets". Point being that any place is one leader change away from turning a place to HE-double hockey sticks.

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Post ID: @jxf+1n87wJxQ

The way Wells Fargo treats employees is despicable. Anywhere would be better than this sh&thole. The mental abuse is disgusting.

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Post ID: @bqn+1n87wJxQ

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