The point of this post is to provide relief for those who are struggling daily with the constant threat of and impact of layoffs. Your brain is a wonderful machine. It simply cannot increase its potential or be generally satisfied while working at... — read more 

I am going to be fired next week it seems.

With layoff cycles, location strat, people quitting because of RTO or for greener pastures, each one of us is having an increasing amount of workload. Plus, it is all badly organized. I know, this is not new, it’s been happening for years, but it is... — read more 

https://www.swfinstitute.org/news/102344/fidelity-layoffs-coming I think India does not enough space . Probably put the employees in toilets and run three shifts. Who knows ... We go and flip burgers or do something for a loaf of bread.

I got laid off here before. Got paid close to 5 months. Because they under paid me after so many yrs, I found something paying 20% higher in a better location. My stress tanked after that. Don't let mgmt try and stress you.

For more bad news, HR has started advising managers to raise the bar on performance expectations this year. Good luck!

I was threatened a PIP(90 day) during my performance review(unfair IMHO). My manager said they would work with HR to do that. After a month or so, I was put on an informal warning with and action plan(60 day). Can anyone help me understand why it was... — read more 

Be submissive employee.

Can anyone explain the difference between the location strategy waves (beginning in May?) and the layoffs that happen every other Tuesday such as the recent architects? Do these what I guess are resource reduction layoffs consider location? Will... — read more 

There's nothing secret about it. CS has been in the news openly talking about how layoffs are part of his transformation effort. Layoffs are every Tuesday that follows a payday. This is due to timing within the 60-day notice period so your final... — read more 

So at least the whole March will be a bloodbath? All while the workplace is peaking in managerial mess and tension? I predict high morale and productivity in the coming weeks (months?), as well as the reinforcement of the foundations of our physical... — read more 

Does anyone know what the hubs are for Commercial Bank? We recently had a townhall and the executive had no clue what the hubs were for Commercial.

Commercial bank moved to four days a week recently, does anyone know how your location is tracked? For example, would you get dinged if swiped in and then just worked from home the rest of the day? I know they’re tracking badge swipes but would you... — read more 

Anyone else get assigned this? I wonder who sc--wed up to make this required and such a short timeline to do it.

Not sure if everyone is experiencing this, but in my LOB, the micromanagement is becoming off the charts. We are now tracking everything you can sp-t on and the new “risk controls” are paralyzing our ability to do our jobs… this tells me one... — read more 

Managers are preparing layoffs coded as “Magnificent March”. This month high number of RIF will be done in Technology.

Scared to share how I know details would out me. However managers with staff being cut got invite today for 3/14 prep communication call with a 3/19 Tuesday Notification call.

Any insight into ECR location strategy?

Immediate manager told us there won’t be a location strategy for our group. Layoffs will continue to be based on performance and workload. Naturally everyone on my team is kissing a$$ so they don’t get laid off. Anyone else experiencing this? — read more 

Once you have teams and Byof you are pretty much chained to work ..ICs don’t get BYOD…keep saying wifi is bad at home and want to stick to 9-5 schedule ..high performers voluntary put in extra hours…bank culture is definitely changing ..folks who... — read more 

Two filed this week. Two upcoming. Same law firm

Where can someone report the mismanagement of chainsaw? I don't care about displacement but he is going to bring a big problem to wells fargo down the road by just laying off large swaths and replacing with them with starbucks baristas

i was laid off - architecture team managed under EFT. over a 100 impacted on super Tuesday. on wednesday the team was decentralized. back to the days of run it like you own it mindset that got us in regulatory jail. also a new leader announced as... — read more 

Last week, I received the following invitation to a compulsory on-site meeting, following management's repeated engagements with some sort of Agile shaman. You have been invited to: Compulsory On-Site: Continuous Improvement Playback &... — read more 

I know it's not over, but I'm asking specifically about the rest of the week. If I'm not mistaken, the usual layoff days are Tuesday and Wednesday or Wednesday and Thursday, but it rarely lasts longer than two days any given week. Since we've had... — read more 

Let it out. Learn from it. Try to do better. It will get better and you will find a great team. You built plenty of experience that other orgs will value. I hope this makes your day a little brighter and if you read it, thanks.

I just can’t help myself and thinking that with the executives getting bloated and everybody getting laid off that this bank is getting ready for a JPM takeover. Thoughts?

Until we all get the boot to the unemployment line. Banking is getting as bad as retail & fast food, lousy pay, zero job security, bad management & (fill in the blank). Think I’ll Apply to be a Walmart Greeter. This is the way. — read more 

I may actually be satisfied if laid off. Who needs that stress? And it will push me to move on.

If you didnt get at least a 20% pay raise and your boss dumped additional work on you then you are getting shafted. I recommend looking up how to take leave (disability or family medical) or beginning a job search someplace else out of this... — read more 

Relocating small offices and remote works will make things more toxic for those that remain. The business will suffer and India will not be able to replace seasoned US bank workers. Good Luck Charlie.

The company has posted a notice on Iowa's Worker Adjustment and Retraining Notification, or WARN, website that it is cutting 22 employees The announcement, which was effective Tuesday, follows the announcement of 36 layoffs on Feb... — read more 

March til May

Is the rumor true that imaging is going to a 3rd party Iron Mountain?

Looks like May 14th will be a large hit at Wells Fargo. Rumor has it that the notification to workers will be this coming Monday. Zero talk of Severance yet.

Does anyone know when St Louis will be hit?

Has CIB announced their core/specialized locations yet?

Iowa WARN Notification for 3/5/2024 was posted this morning. It shows a total of 22 souls impacted in the Jordan Creek site. So far, a total of 67 team members have been impacted for 2024.

I am from Technology. Severance pay is 2 months + 3 months.

Yesterday I was laid off. I actually am glad this happened because I was ready to quit even without another job - I hated this job and this company that much - the worst in my career. The role and the company were far different than I understood when... — read more