Thread regarding Wells Fargo & Co. layoffs

@OP - I am also in CIB and share some of your frustrations. While my location is in a hub, it is not in a premier CIB location. As a result, I am a target of future cuts regardless of the value I bring to my team. While I don't want to be looking for a new job, I owe it to myself and my family to be prepared. My resume and responses to interview questions will be adequately vague to cover the slew of six and nine month assignments that WF has provided over the past several years. I can (and will) simply say that I have been involved in helping guide WF in order to comply with multiple regulatory matters.

And "where do I see myself in five years?" Exploring retirement locations.

No harm in looking around. If you find a job you can alway leave WF with a reason “this new job aligns well with the career I want to perceive or see myself in next 5 years”.

CIB is a Wells Fargo specific acronym. For those truly seeking new employment you would be best served to present your background and objectives using standard financial industry terms and roles.

Just a word to the wise.

@1yly+1dW34j5W
They are all being gobbled up before having their CIB programs dashed and changed to GIB - Global Investment Banking - or fintech/AI that does that role instead.

Start looking at other banks, perhaps something regional that has a growing CIB platform. Wells isn't the only fish in this sea and bigger isn't always better.

@1zys+1dW34j5W
There is no employer loyalty anymore. We don't get company wide pensions, yearly raises, etc as a company. Employee loyalty costs money and business decided about 30 years ago they didn't want to pay that price. One job every 6 months may make it seem like you cannot hold on to a job, but a couple of years - especially in tech - is just fine.

I think two years is a reasonable amount of time to move on from an employer without being perceived as a job hopper.

Sometimes employers or specific roles just aren’t a good fit, etc. for a variety of reasons, happens to most people at least once throughout the course of a career, and two years is a significant amount of time to get a feel for the role/employer and make a good faith effort to find out what isn’t working and determine if there’s an opportunity to improve the situation or move on.

Job Hopping doesn't carry the negative view that it once did.

Indeed, it's the person who stagnates in one spot for decades that is going to have trouble - not the person who is successfull at several companies.

Do yourself a favor, see what's out there. When (not "if") you get a better offer, grab it and quit WF.

I would tough it out. You don't want to appear as a job hopper.

No one would blame you for leaving WF, so if an opportunity arises, go for it.

r/careeradvice

i heard tech is affected

Never hurts to look around and especially if you feel stuck. Good luck.

buh bye