Thread regarding Wells Fargo & Co. layoffs

Mid-Year Reviews due end of July

So is it far to guess the next round of layoffs will be by mid Sept?

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Post ID: @OP+1hi07fkX

11 replies (most recent on top)

How many "needs improvement" must one get before they fire you?

If it's two or three, then does that mean that it would take two or three years to fire somebody?

I don't think a manager can just flat out say "your fired". But how easy is it for a manager to fire somebody that they don't like?

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Post ID: @4udx+1hi07fkX

We were told to expect monthly layoffs through November. I’m honestly surprised Ebenezer is skipping December.

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Post ID: @4cjr+1hi07fkX

Mid year review are done July. They will most likely lay off people in Mid August. Thats what happened with me.

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Post ID: @2yeo+1hi07fkX

They strategically won’t lay off after Oct 15th because they would have to match those 401K contributions for those still on the 60 day paid notice period. Also, they hope you will resign after they scr_w you over with an “inconsistently meets” or “does not meet” mid-year. It’s in the playbook - run good people off and be sure to save money in any way possible.

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Post ID: @2ydg+1hi07fkX

So promotions end of July? Sweet!

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Post ID: @snd+1hi07fkX

Hearing next big one in Sept as well, will always have the monthly ones.

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Post ID: @luu+1hi07fkX

I guess this means layoffs are coming in mid July and mid August

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Post ID: @ovt+1hi07fkX

Post ID: @ggf+1hi07fkX

Bush Jr gave most of our jobs to them a long time ago. Quit regurgitating sound bites and find out the facts for yourselves. Ditto heads and sheep know nothing about the real world.

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Post ID: @xfq+1hi07fkX

No. Straight termination for "non performance " beginning at or right after the review.

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Post ID: @fhg+1hi07fkX

At least in July due to the rate hike then again in October.
Pretty sure the guy they brought in from the early 2000s into Lending is their hatchet man.

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Post ID: @sxf+1hi07fkX

No. Next week. Then again in July.

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Post ID: @krj+1hi07fkX

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