Thread regarding Wells Fargo & Co. layoffs

WF employees under CS

Let’s see all of goodies given to us grunt workers since chainsaw joined

  1. constant threat of layoffs
  2. yearly payout of 401k match or nothing if laid off before 12/15
  3. meets is now the new exceeds
  4. RTO - don’t get me started on this subject
  5. leads now being pushed down in their officer titles
  6. asset cap still happening
  7. more production issues than ever due to offshoring
  8. increase in medical premiums
  9. hiring freezes and more work for those of us left
  10. no assigned seating for RTO
  11. office closure and consolidation

please share if there’s anything I missed….

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| 1973 views | | 17 replies (last September 25, 2023) | Reply
Post ID: @OP+1oI44FqE

17 replies (most recent on top)

Elimination of SKYPE :-( for the godforsaken MS Teams. AHHHHHH!
Forced Virtual Desktop

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Post ID: @4qpb+1oI44FqE

@1tzn+1oI44FqE

Actually, that is not far-fetched. I have seen some evidences that managers sometimes make up fake stories to support their own agenda. They can make up whatever they wish as long as their statements cannot be proven or their statements are very vague/broad. They have full control of performance rating.

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Post ID: @2xas+1oI44FqE
  • I'm sure they told managers to make things up on Year End reviews to ding people.
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Post ID: @1tzn+1oI44FqE

Put these posts in both chatGPT and Bard. chatGPT return "This content may violate our content policy". Bard returned this:
constant threat of layoffs
yearly payout of 401k match or nothing if laid off before 12/15
meets is now the new exceeds
RTO
leads now being pushed down in their officer titles
asset cap still happening
more production issues than ever due to offshoring
increase in medical premiums
hiring freezes and more work for those of us left
no assigned seating for RTO
office closure and consolidation
Created unassigned office environments in the middle of a global pandemic
Had “eye in the sky” cameras mounted everywhere
Bring your own device
Touted every liberal agenda on Teamworks and removed any shred of work-related content
Hired unqualified cronies at insane pay
Made a racist comment during a company call, apologized and was allowed to keep his job
consistency in holding on to the asset cap rather than getting it lifted
“Meets is now the new Exceeds”
must have previously failed at JPMC in order to qualify for a senior leadership position at WFC
Forgot spans and layers… wait, that was actually a brilliant idea although not widely accepted
cr-ppy raises during high inflation
disempowerment and disrespect of employees
forced distribution ranking
Spans & Layers creating chaos related to “who reports to who” and “who dotted lines to who”
lack of pertinent communications- employees kept in the dark
toxic and stressful culture - work satisfaction gone
hypocritical and shady senior leaders
We're now Employees and not Team Members
September is no longer a month devoted to volunteering / charitable giving
Corporate Cell phone gone
No annual Profit Sharing for 401K
Have to be here at time of bonus pay out to get it
Golden Spoke / Top Performer gone
Develop U full of 3 minute videos and no useful training
eCards reduced to one option per type
Comment section on Teamworks removed (that used to be interesting)
Wave/VDI - you supply your own computer
Job Mobility - outside of a Hub - gone

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Post ID: @1pkm+1oI44FqE
  • Office content & personal affects "lost" during pandemic.
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Post ID: @1hme+1oI44FqE
  1. Created unassigned office environments in the middle of a global pandemic.
  2. Had “eye in the sky” cameras mounted everywhere
  3. Bring your own device
  4. Touted every liberal agenda on Teamworks and removed any shred of work-related content.
  5. Hired unqualified cronies at insane pay
  6. Made a racist comment during a company call, apologized and was allowed to keep his job
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Post ID: @1way+1oI44FqE

He should be fired and they should clawback on his contract. He is the worst CEO I have ever seen, and I worked under Stumpf for crying out loud!

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Post ID: @1jaw+1oI44FqE

• consistency in holding on to the asset cap rather than getting it lifted

(sarcasm)

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Post ID: @1jhf+1oI44FqE

My moment of the day - “Meets is now the new Exceeds”

Thank you for the recognition 🙌

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Post ID: @1axk+1oI44FqE

Must have previously failed at JPMC in order to qualify for a senior leadership position at WFC.

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Post ID: @fzg+1oI44FqE

Forgot spans and layers… wait, that was actually a brilliant idea although not widely accepted

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Post ID: @lyq+1oI44FqE

Someone should combine these lists and post on Linked In to save others from our fate.

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Post ID: @hpg+1oI44FqE
  • cr-ppy raises during high inflation
  • disempowerment and disrespect of employees
  • forced distribution ranking
  • Spans & Layers creating chaos related to “who reports to who” and “who dotted lines to who”.
  • lack of pertinent communications- employees kept in the dark
  • toxic and stressful culture - work satisfaction gone
  • hypocritical and shady senior leaders
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Post ID: @xhw+1oI44FqE

Someone else said it in another post. He poured the gasoline, lit the match and jumped away with his golden parachute.

I cannot believe that he was allowed to do what he did to fully destroy what was left of this company. 😔

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Post ID: @msh+1oI44FqE

We're now Employees and not Team Members
September is no longer a month devoted to volunteering / charitable giving

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Post ID: @ydx+1oI44FqE

Corporate Cell phone gone
No annual Profit Sharing for 401K
Have to be here at time of bonus pay out to get it
Golden Spoke / Top Performer gone
Develop U full of 3 minute videos and no useful training
eCards reduced to one option per type
Comment section on Teamworks removed (that used to be interesting)
Wave/VDI - you supply your own computer
Job Mobility - outside of a Hub - gone

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Post ID: @rxz+1oI44FqE

Su-ks don't it!! All you can do is quit. They don't care what any employees think.

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Post ID: @yoy+1oI44FqE

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