Thread regarding Wells Fargo & Co. layoffs

Worst place I’ve ever worked by far….anyone disagree?

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| 1327 views | | 23 replies (last January 28, 2024) | Reply
Post ID: @OP+1qK70E21

23 replies (most recent on top)

I actually enjoy my job at Wells Fargo. Over my tenure I find those who aren't good at their jobs and don't better themselves are the ones who complain.

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Post ID: @3ogk+1qK70E21

been here as a manager and an individual contributor. Whoever stated the backstabbing is spot on. It is not even backstabbing to try and get ahead where on some level you could understand, not condoning but at least a reason. All the whining, backstabbing, filing complaints against managers when you don't perform or perceive favoritism, and tearing others down for no reason other than jealousy is not healthy. Most people had their mental development stop at middle school and then you have bloated teams where these people maybe have 10 hours of work a week so they have nothing but time for this stuff. People on this board talk about all this power managers have, nope, you have to go through a great deal to let people go, and some they will never let go no matter what. When I was a manager I tried to manage people and had a conduct case assigned to me and the stuff in it was not accurate, one was a quote from a movie. I still had to hours of training to overcome my bias and so on. I gave someone a Meets with it all fully documented, communicated through out the year and I essentially was found guilty for retaliation and had to perform Wells community service. The interrogation was like a communist struggle session. Just said fine I accept, paid my dues, and then moved into a individual role where I keep quiet, do my job to best of my ability and go home every night not worrying if I may have offended someone by expecting them to do work aligned to their role, pay and skill set. Troll me all you want but same pay, same team, less overhead of all the games, and the same people are doing the same things but I am not involved and I feel for the new manager. I was asked to go back into management this year and said no thank you. After going from Consistently Exceeds, Exceeds for 5 years straight to less than Meets was my wake up call. I have 13 years before I retire, multiple children in various stages of younger life, and I don't need any more problems.

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Post ID: @2zkp+1qK70E21

8

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Post ID: @2spm+1qK70E21

@1ivn+1qK70E21. Coworkers compete, backstab here.

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Post ID: @2vox+1qK70E21

Totally wholeheartedly agree. It's 90% of the people, combined with the new way of "managing", ie: the informal policies, coming from up top. Add the incompetent Middle managers that got their jobs through friends & you got the whole sandwich.

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Post ID: @2fty+1qK70E21

#1 was Lucent. It was far worse.

Wells sadly is number 2

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Post ID: @1wpr+1qK70E21

Wells honestly isn’t that bad of a place to work. I think it used to be way better because we were scamming and stealing from customers so expenses weren’t an issue.

Now yeah we aren’t stealing as much so things are tighter and we are laying people off. Guess what? Look at other big banks..same things the whole economy is bracing for a recession. We were also very irresponsible in terms of work locations. It isn’t feasible to maintain or rent office space all across the country. Truist is implementing location strategies post merger. Wells should’ve done the same thing but again when the money is rolling you don’t have to worry

My biggest issue here is the benefits shot up in price and the tvc nuked the best in class compensation but those are first world problems. I think most people who don’t like working at wells have a problem with corporate culture but it’s not specific to the stagecoach..

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Post ID: @1uih+1qK70E21

Nope.....agree with you 100% Its a $hit hole.

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Post ID: @1atf+1qK70E21

Capital One was my absolute worst. Wells Fargo wasn't bad. I enjoyed the work and the people. Too bad I didn't last there.

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Post ID: @1juu+1qK70E21

You will have teams that are absolute garbage, and others are amazing. The company itself is fine, not much different than any other major corp.

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Post ID: @1csy+1qK70E21

Wells is ok, better than peer banks, and they pay better. There are better places to but not many. They have good perks (free/good food, 37.5 hour mandated work weeks) and benefits (good health, 5 weeks PTO) but cultures can be strange, and pay is much lower. Credit Unions are good to work at but expect 25-50% less pay unless you have a specialized skill. Most places pay less than Wells and s-ck more or just as bad but in different ways. For layoffs Wells is more measured most places I have been you drop below 40 hours allocation you are gone at the end of the month and some other poor s-cker has to pick up your hours. All relative and about what you are willing to tolerate.

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Post ID: @1pan+1qK70E21

@1ivn+1qK70E21 This guy Wells Fargos. Couldn’t have described it more accurately.

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Post ID: @1mhg+1qK70E21

Leadership here is toxic. Coworkers generally band together to succeed in spite of them.

I left a little more than a year ago for same industry, smaller company. Never thought I’d think this but, it’s true that the one thing WFC leaders do better than most is galvanize focus. Might be to spite what a-holes they generally are but your peers work together to get to goal.

Where I am now is decision by committee on everything and then decisions are randomly re-litigated, usually by the same people who committed to them to begin with. I’ve never been paid so much to think, rethink, guess, second guess and guess again. Essentially go to work every day not to make any progress and people just fret instead of do something, anything.

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Post ID: @1ivn+1qK70E21

clearly you never worked at PHH

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Post ID: @opd+1qK70E21

Tell me you've never been in the mil without telling me you've never been in the mil.

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Post ID: @gaa+1qK70E21

My current employee experience:

work I do = the best
company culture = the worst
exec leadership = the worst
time away benefits = one of the best
benefit options & cost = the worst
salary = one of the better
systems and tools = the worst

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Post ID: @cfe+1qK70E21

This is the best place I've worked at.

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Post ID: @mbs+1qK70E21

Best place I have ever worked. The people doing the work are great and I will miss them. However the senior management and many in the executive leadership hired over the last several years has been less than stellar and we are all now seeing the results. Sad but WF is going the way of the US and the world right now. Down hill... hard and fast!

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Post ID: @mwg+1qK70E21

Best large corporation I’ve worked for - excluding layoff concerns

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Post ID: @etn+1qK70E21

Wells use to be an amazing place to work with great leadership and coworkers. Coworkers are still fantastic, but Charlie turned this place upside down. Luckily, the severance package is good and you are taken care of when the layoffs happen.

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Post ID: @rfa+1qK70E21

You must be privileged, spoiled, and weak. I’ve worked at a dozen companies in my career and Wells Fargo ranks among the best.

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Post ID: @zoo+1qK70E21

It ranks among the worst for me. I've had one or two in my life that were about as bad, but yes life at Wells is quite terrible.

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Post ID: @kgj+1qK70E21

Nope…nailed it!

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Post ID: @dvc+1qK70E21

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