Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Camera on during meetings

Don't forget to turn your cameras on during meetings. Yes, it's like jingling a ring of keys in front of a toddler and making funny noises to keep their attention. But that's what our "leaders" need to feel secure in themselves, so... 🤷

Layoffs

https://www.oregonlive.com/business/2024/12/wells-fargo-announces-221-layoffs-in-salem.html?outputType=amp

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| 1230 views | | 7 replies (last December 5, 2024)
Post ID: @OP+1vO5FXfA

I'm so tired of working all the time

At 47, I'm already burnt out, counting the years until retirement (too many years, by the way). I feel trapped, like I've invested too much of myself in this job to leave. Sometimes, I almost wish to be laid off just so the decision is made for me... — read more 

My manager wrote us this

“As we enter the next chapter of our company’s exciting transformation journey, I just wanted to give you folks a friendly heads-up that layoffs may be on the horizon. so while I can’t predict who’ll be receiving the dreaded “we need to talk” email... — read more 

Volunteer layoff

Tell your boss you would like to volunteer. Your boss can put you on the list.

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| 870 views | | 3 replies (last December 4, 2024)
Post ID: @OP+1vOdpn1P

CEO of United healthcare

The CEO of United healthcare was shot and ki-led. I hope it wasn’t a disgruntled employee that was laid off at the holidays. The poor family I hope all our people in New York are safe

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| 1390 views | | 8 replies (last December 5, 2024)
Post ID: @OP+1vO2nves

Don't kid yourselves

Just because the ELT said it would keep operations in the city despite selling the San Francisco headquarters, it doesn't mean that the move will not come with major layoffs. In fact, I am willing to bet it will be used as a convenient excuse to get... — read more 

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| 1090 views | | 4 replies (last December 7, 2024)
Post ID: @OP+1vOoyXLj

Hub Consolidation

Does anyone know the latest on the location strategy? Specifically the downsizing in Winston Salem NC?

It's the most wonderful time of the year

$ The budget for 2025 is confirmed $ Year end review is wrapped (Many gets Inconsistent Meets and Need Improvement this year) $ Location strategy continues $ Layoffs continue $ Site closure $ Budget year-end events continue

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| 1030 views | | 7 replies (last December 6, 2024)
Post ID: @OP+1vOzRX3k

RCSA Bonuses?

Did they get rid of the RCSA bonus this year?

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| 1200 views | | 4 replies (last December 4, 2024)
Post ID: @OP+1vOqLxlY

Location strategy update meeting

Salem Oregon call center for credit card customer service invited to a last minute location strategy update meeting. The invite went out this morning and we were told attendance is mandatory. It is in 15 minutes. It isn't a Tuesday after payday but... — read more 

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| 1880 views | | 8 replies (last December 4, 2024)
Post ID: @OP+1vNwopij

Hiring freeze?

Is there some sort of hiring freeze going on right now? The job board has nothing right now....

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| 1480 views | | 7 replies (last December 4, 2024)
Post ID: @OP+1vNsfIjT

Layoff timeline question

Can a team post for a lower level job (P4) , and layoff someone at P5 around the same time? If there a time period they must wait before they can pay someone off after a new hire?

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| 770 views | | 4 replies (last December 4, 2024)
Post ID: @OP+1vNPCwno

The new normal

Why are all the operation jobs in India? You barely see any execution or accountability roles in the states anymore.

Severance package reduction

Boss told us severance package payout is reduced from 2 weeks to 1 week per one year of service. Can someone confirm?

Site closure

How many site will be closed in 2025 on top of SL office?

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| 810 views | | 5 replies (last December 8, 2024)
Post ID: @OP+1vNzPWb7

Layoffs this month

Significant amount of folks will get laid off this month. Wellsfargo wants to save the bonus and 401k $. Sorry folks you are fired.

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| 1081 views | | 4 replies (last December 3, 2024)
Post ID: @OP+1vNpxlxe

Do not let company dictate your worth to you

I learned that my stress over reviews went down dramatically when I stopped thinking the review was about me. It's not about me. The reviews are all made up now, and everyone needs to accept that reality. They are made up and have no bearing on your... — read more 

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| 750 views | | 2 replies (last December 4, 2024)
Post ID: @OP+1vMzkWDM

It's the season of retiring CEOs

Stellantis CEO retired (or was pushed out) in the auto industry. Intel CEO retired (or was pushed out) in the tech industry. All in just a few days. Is anyone else feeling hopeful that Charlie could be the banking industry's next representative in... — read more 

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| 860 views | | 6 replies (last December 3, 2024)
Post ID: @OP+1vM2NbJ1

Sunday office

Does Sunday count as an in office day for the three day a week requirement? I asked my senior manager and they have no clue.

Upcoming reduction

Get ready for the “annual performance review,” carefully crafted by sickening management team to make you feel like you are on a reality show where the prize is getting fired.

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| 930 views | | 4 replies (last December 3, 2024)
Post ID: @OP+1vLotalv

Give Thanks

It is essential to acknowledge the continued existence of WF and its practices of nepotism. Employment decisions appear to be influenced more by personal connections than by individual performance. For instance, consider LI, which appointed an... — read more 

So many folks are leaving for lower pay

Charlie has accomplished the impossible. He’s created such a toxic atmosphere, filled with constant fear of layoffs, that people aren’t even looking for higher or equal pay when they leave. They’re content with anything, even significantly lower pay... — read more 

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| 980 views | | 7 replies (last December 4, 2024)
Post ID: @OP+1vLbIIgV

Sitting them out this year

I have attended virtually all of our past "holiday" gatherings thrown by our department and our division. BUT, my last 3 reviews were lowered to "meets". A pretty big change from the past. I've decided to skip the upcoming MEET and greets (three... — read more 

Lemons

I called it. TK posted about her lemon tree on LinkedIn. Did you get your thanksgiving lemon? I bet SVB got a bushel of lemons.

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| 700 views | | 2 replies (last December 1, 2024)
Post ID: @OP+1vKsnymp

December 10 layoffs

This round is confirmed. The estimate number is 5% in Technology.

Prepare for major cuts

If the pattern of the past few years holds, we’re about to face major layoffs. Charlie doesn’t care about the holidays, all he cares about is the bottom line.

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| 1150 views | | 9 replies (last December 1, 2024)
Post ID: @OP+1vJsR4r8

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