It’s seems like only worker bees get canned, never management!
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Don't work at Wells Fargo. Your manager will do everything in their power to ruin your career. When you fight back and get an employment attorney you're told you are no longer ever eligible to work for the org ever again. I highly recommend you avoid HR at all costs, invest in an employment attorney, and go from there. Bonus points if you are a protected class. This organization will effectively settle with you in exchange for a very small payment. You have been warned. Especially to candidates already with plenty of experience. This place is a sh-t stain on your record. Don't fall for it. Even being in a very technical role where I did not expect to see these games, but they are playing them daily. Run.
Not nearly often enough because they are not held accountable for their mistakes. They simply blame those layers beneath them.
Be careful who you work with. Had a guy on my team that was about to be laid off as a manager & came to us as a single contributor. He treated us like he was our manager, expecting us to do his work, never giving credit, throwing people under the bus. He knew all the tricks & how far he could go as he used to be a manager. He asked us how our bonus was & constantly compared himself to the rest of the team, even though he did the bare minimum to get by. Normally it's standard corporate practice not to hire former managers as single contributors as they are used to being managers, but not here. He's now in Corporate & Investment Banking Control as a Senior Controller.
it happens all the time. everyone is focused on "span of control" - requirement for manager to have 7 or more to manage, but the full initiative is "spans and layers' - spans are just a way to take out layers. the goal is to have a much higher worker-to-manager ratio overall. and despite any protests to the contrary - it is a cost mitigation measure
I just watched 2 Directors and 1 Sr Manager get laid off. Just wait until they get closer to the end of the Location Strategy layoffs, then they'll start enforcing spans 'n layers and get rid of a lot of Directors and Executives with no people.
First level managers get laid off all the time, it's very risky.
As long as you have a sugar daddy aks sponsor, you are safe at Wells Fargo and you can get away with anything.
Objectively speaking, most managers just are recycling their employees work. They provide little to no guidance, direction and have zero interest in developing people. They just want to make more money by doing less work. Thus they know very little about the job their employees are performing. They spend a great majority of their time managing optics and faking it while they lie and su-k up to executive management. It so much worse here that any other major corporation that I have worked at. Why is that?
Not often enough.
Been in WF IT well over 20 years, I've seen many managers and managers of managers get the axe.
Has anyone ever spanked it to the mental image of their manager?
if you see an announcement if a leader departing for opportunities outside Wells, that is usually a sign of layoffs. But yes, managers up and down the food chain get laid off all the time.
Post ID: @ivk+1qOjaKoX
Not at all. My belief is that you shouldn’t have managers and directors who are remote telling their employees they need to be in an office, when they themselves are not. It’s hypocritical of WF and those in management who aren’t waking the talk.
I've seen them start at bottom and work up on layoffs. Soon, managers will be only ones left to manage no one. They save themselves before the people that actually do the work.
My manager was just given notice last week that their last day is 2/6.
Unfortunately, we lost our manager last year and inherited another one. Our laid off manager was Great and very caring.
I’ve seen directors and sr managers get cut
Managers get canned all the time. Usually via spans/layers, but also when buildings or teams are shut down. No ICs, no need for managers. So if it makes you feel any better about losing your job OP, your manager is right behind you.
I’ve seen three of my managers cut
I am from Underwriting team, and last year 2 Managers and 2 Mid level managers go laid off along with 80 other Underwriters in both Mpls and Charlotte. So, yeah Managers do get laid off. :)
So your plan is to term WFH people? Uhh, how about we do the opposite and go all WFH?
I've known many managers that have benn laid off. Actually more managers than individual contributers
Well given the amount of Sr Managers and Directors listed as Remote, we better start seeing them displaced or converting to RTO, soon. I mean how is this OK when employees are told they need to RTO but the Manager is not!?!
With spans and layers exercises. Taking a high level manager out saves $$$.
Sometimes. My manager was the only person in our part of the department affected by a major layoff that more deeply affected other teams. He wasn’t the only senior manager cut.
No, not really... If a manager's team gets too low in size, (I think it's less than five) then they are on borrowed time meaning they have to apply for something internal to get transferred to another team or they eliminate the position and have that five or less workers answer to the manager above them.
Managers at Wells Fargo get to stick around for a very long time and it takes an act of God to fire them this is why they are so confident in doing HR violations creating hostile work environments belittling their employees, humiliating their employees, blacklisting them, and so forth.
At Wells Fargo employees are either forced to look for another job internally or look for another job elsewhere once that said manager has you in their crosshairs then your career at Wells Fargo is basically over.
They have no problem verbally telling you one thing putting in writing another and setting you up for failure while putting all the blame for whatever is under their project name on you as the cause.
Since many employees are falling under RTO this is becoming even more apparent as managers are ramping up such actions by shoulder surfing you and reading your computer screen while you sit in the cube telling you what to write and responses and making you get permission to leave the floor or even take a break.
Many people I have talked to who fall under RTO have had a noticeable decrease in productivity and moral enthusiasm because of managers overall.
Best advice cut bait and run there's always different opportunity elsewhere but you will never get appreciation or satisfaction nor recognition for anything you do here.
I have literally seen whole teams wiped out but for some reason the manager gets to stay as an individual contributor.