Thread regarding Wells Fargo & Co. layoffs

What are the chances of survival?

Being put on a PIP. Wondering in this environment if it’s even possible to survive one. Also, how long is an employee typically on a PIP before they are axed or back to green?

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| 1452 views | | 10 replies (last February 8, 2024) | Reply
Post ID: @OP+1qUoonaM

10 replies (most recent on top)

Ideally if you're be given a PIP, you can PIP them back in the side of their skull. This is considered a normal reaction in an environment as openly hostile as WFB.

All the best to you

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Post ID: @4jyx+1qUoonaM

my manager started looking for ways to put someone who was struggling on a PIP and then had a meeting with HR and changed his mind and told me later it was because he didn't actually want that employee fired. HR literally warned him that the ramifications for doing a PIP would likely lead to the employee getting fired.

a PIP is your manager going scorched earth.

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Post ID: @3dal+1qUoonaM

Seriously, run. There's no way to win. They can ALWAYS find something wrong and you'll make yourself crazy trying. I have had managers who went after me in the past, and if they hadn't left (been promoted), I know I'd be gone.

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Post ID: @2zmg+1qUoonaM

Walk, OR,
Make it a living he-l for you and your boss to document everything you do, everything yous ay, write, outcomes, coaching, and deal with all the PIP he-l that it is. Then, walk. Because they don't want you.

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Post ID: @rvm+1qUoonaM

Sr. Mgr here. If you’ve been pipped, you messed up a long time ago. You’ll probably be first to be displaced unless they can you first. Only had to pip someone once and they were already checked out. Pip is a pita for mgrs as much as an employee.

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Post ID: @dqy+1qUoonaM

Wells Fargo has an asset cap, a union and other restrictions imposed by regulators. Why would any client or financial advisor want to do business with the firm? I want them to fail and encourage clients to do business with firms that do not have these issues.

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Post ID: @ioa+1qUoonaM

If the reason why you are on PIP is because your boss dislikes you, the best strategy is to run away. Even though I'm put on PIP for some other reasons, I'll look for other opportunities.

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Post ID: @imk+1qUoonaM

I was placed on a PIP at another bank. They are a tool for management to push you out. That is it. It is not a performance improvement tool in any way. It is corporate America dotting their is and crossing their ts. Your work is likely not the issue. It is most likely a manager that does not like you. You should, however, work to meet the expectations on the PIP. Put the manager on the spot for clearly defined and achievable goals. They use poorly defined objectives as a we-pon.

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Post ID: @hrp+1qUoonaM

That’s up to you. Do what the PiP says you must do.

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Post ID: @cbs+1qUoonaM

Do the work specified in the PIP and you will survive it. Easy.

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Post ID: @xat+1qUoonaM

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