Thread regarding Wells Fargo & Co. layoffs

Everyone is trying to figure out what's next

When friends ask me “How is work”? I reply “I work at Wells Fargo. For now”. What else is there to say? Everyone knows what that means.

They’re closing the little branch in my neighborhood. The one where people who have done business for 30 years still walk in because they consider the employees friends. Nobody is upset by the loss of convenience. They’re upset because their friends are losing their jobs.

I don’t work there. I don’t have a customer-facing job. I go to work and everyone who doesn’t go out drinking with the group director is trying to figure out what to do next. I go to my local coffee shop and the talk is all about friends and neighbors who are losing their Jobs at Wells Fargo.

And Tim Sloan deals himself another $35 million in stock options for the year.

But hey, WF did donation a few new winter coats, so let’s talk about what good corporate citizens they are, shall we?

Bumped from @WhjIX7D-1aqj.

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| 1283 views | | 3 replies (last March 27, 2019) | Reply
Post ID: @OP+WkdO7Qw

3 replies (most recent on top)

Do the person that stated, "If you are let go, in time you will find that it was a blessing. Take advantage of the severance benefits including working with Lee Hecht or Right Management." Which company did you use, Lee Hecht or Right Management? Trying to find which one would be best for a Mainframe (COBOL) Senior IT Developer/Analyst. Any advice or insights would be appreciated.

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Post ID: @1Xfaa+WkdO7Qw

Thank you for giving us hope. Do you mind me asking -- What type of role do you have and which career transition firm of the two did you choose?

Bless you for your post :) Much needed right now.

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Post ID: @2coz+WkdO7Qw

Offering a glimpse of what the future could look like for those that are being let go from the stagecoach. I, too, was let go several months ago and had all the anxiety and fear of losing my job. First time in my career. But it was the best thing that could have happened. At the time, all I knew was the daily reorganization announcements, rah-rah sessions that our executives had to keep us motivated, and what seemed like a steady stream of bad newspaper articles. I was uncertain how long it would take to find a job, would I get paid close to what I'm making now, what do I tell my family and friends.

After being away from the stagecoach and meeting with other banks, I saw that the industry is operating very normally and there were plenty of good jobs in the banking industry. Some of my pleasant surprises included banks being very responsive to my job application, a hunger for talent with hiring managers telling me how hard it was to find qualified candidates, a willingness to compete for talent with big signing bonuses, easy access to key bank executives, and reasonable compliance processes.

If you are let go, in time you will find that it was a blessing. Take advantage of the severance benefits including working with Lee Hecht or Right Management. Look at this as an opportunity to find a better job, a company that truly supports its employees (with real actions not cheap talk) and with a little negotiations, a good pay raise. In my case, I ended up with a 25% bump in pay, a sizable signing bonus, more responsibility, and a very clear mandate to grow. Benefits are very comparable to WF.

There is light at the end of this process. Enjoy the process and use this event to improve your job.

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Post ID: @onc+WkdO7Qw

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