Thread regarding Wells Fargo & Co. layoffs

Management Layoffs

When there is a reduction in staff due to layoffs is it common for managers to be told they are safe, but when the time comes they are actually included in the layoff as well? I can assume upper management can't advise managers they are getting laid off, but if a high percentage of their team is getting let go is it safe to say managers will also be let go?

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Post ID: @OP+1h91GbX9

9 replies (most recent on top)

Managers at the VP officer level are usually retained. Watch for senior leaders being moved to consultant roles or special projects a few months before layoffs. Either they get a heads up or are in a better position to identify trends and make career decisions earlier. First couple layers of mgmt are usually also on the chopping block.

It’s a club, and you ain’t in it - George Carlin

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Post ID: @1tum+1h91GbX9

2 of my managers were cut. One from when I first started at WF, then my current manager. Both in home lending.
None of my team was cut; we were separated and absorbed into other teams. For now 🙄

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Post ID: @1gap+1h91GbX9

When our team of 15 got let go our direct manager got let go right along with us. She found out about the layoff 10 minutes before the rest of us.

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Post ID: @1ien+1h91GbX9

Two of my managers have been laid off. None of their staff. We were picked up and all moved under someone else to do the same job.

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Post ID: @kad+1h91GbX9

It seems that every time there is a deep layoff, a manager gets cut too. I actually can't think of a deep layoof time that that did not occur. What the manager was told or not told , of course, I would not know.

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Post ID: @lap+1h91GbX9

There have been many cases of managers cut and their team consolidated with another.

I know of one case where everyone under a Manager +1 was let go at once. That included all the worker bees, their direct reporting managers and the +1 manager that oversaw them.

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Post ID: @fyq+1h91GbX9

When our area announced layoffs managers were not immune. Nobody thought they were safe, regardless of what anyone said.

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Post ID: @egy+1h91GbX9

No one is safe. Managers included.

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Post ID: @usd+1h91GbX9

I have heard of entire teams being laid off including the manager. The manager never saw it coming.

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Post ID: @cmf+1h91GbX9

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