Thread regarding Wells Fargo & Co. layoffs

Compenstion packages-no two are the same

In VA-some employees were told they would get their packages in October 2024 but paused it due to 'updating' the compensation package. So, the others that were pushed out before them were lucky enough to have gotten a better package. I guess based on the open positions in India, Philippines- there is job security there...

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| 911 views | | 8 replies (last August 22, 2024) | Reply
Post ID: @OP+1u8HQIU9

8 replies (most recent on top)

@ird+1u8HQIU9 cuts have hit teams pretty hard and left a lot of work…apparently a few of those laid off have been approached to return as contractors! WF has always cut before measuring!!!

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Post ID: @rox+1u8HQIU9

@cxa+1u8HQIU9 Hearing similar rumors about the team I was on and they may have to post positions to add back staff. HARD pass! I’m someplace happy now where people are valued and treated with respect. WF can su-k it!

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Post ID: @uou+1u8HQIU9

I know my old team is sh-----g bricks and doesn’t know a from b right now . I’m enjoying watch it implode from info I’ve been getting . I will be on the floor with laughter when they get to the government audits later this year I used to handle . I’ve got no problem watching that place crater .

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Post ID: @ons+1u8HQIU9

Severance plans are being updated? To what?

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Post ID: @stz+1u8HQIU9

Severance packages or compensation packages?

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Post ID: @nuk+1u8HQIU9

@ird I understand that thinking but we are 100% irreplaceable at the moment. That may change in a year or two.

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Post ID: @itf+1u8HQIU9

@cxa+1u8HQIU9 don’t get too comfy—NO one at WF has job security

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Post ID: @ird+1u8HQIU9

Lol, my team has job security after the big July cut. Our upper management is quite aware that they laid off too many people and have created an unmanageable workload. There is no strategy to cover US hours with offshore, so they're in a bind. Someone proved they had no clue what their reports actually did and now everybody knows it.

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Post ID: @cxa+1u8HQIU9

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