Thread regarding Wells Fargo & Co. layoffs

Wells Fargo is a terrible company in every way

There are NO redeeming qualities to Wells Fargo. Nothing good comes out of Wells Fargo. Wells Fargo is terrible to it’s employees, terrible to it’s customers, terrible for American workers, and has not fulfilled it’s fiduciary responsibilities to it’s shareholders. Something is wrong that we can’t dig our way out from under the largest Federal Asset Cap ever imposed in history.

I have stayed because of my coworkers and a great boss (who is struggling himself), but it is time to get out. Every day spent here is taking away from your future best life. (I ended up here via an excellent employer who was unfortunately acquired by WCHV, then WFC.)

Narcissistic self-serving CEOs, incompetent self-serving BOD, greed resulting in never-ending fraud and high- dollar fines, stack- ranking employees, employees treated as liabilities rather than assets, non-transparent leadership, now constant threat of layoffs, firing Whistleblowers, toxic every-man-for-himself culture, understaffed departments who refuse OT, dilapidated technology, smoke and mirror bs policies (sign on the dotted line that you are following said policy, but in reality look the other way and boost profits), all around disrespect and disdain for the employees, offshoring of AMERICAN jobs.

Alternatively, I have a sister who works for a local business. She is happy, respected, paid a very generous salary and gets unheard-of raises. Her boss goes out of her way every day to remind her that she wants to keep her happy so she stays. She talks about her plans for my sister’s growth at the company. Small thing- but we have family in town, and her boss called the restaurant to pick up our tab for dinner the other night. Great boss, great company. Result is that my sister bends over backwards to make her boss’s life better and it is a mutually beneficial relationship where everyone prospers, including their many loyal customers.

Let’s re-evaluate our decision to stay here. It might be easier to not tackle the change, but your life consists of only so many hours. This company will suck the life right out of you vs working at a company which gives you energy and excitement about the future. We all deserve infinitely better than we are getting here. Don’t fall asleep at the wheel and let life pass you by.

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Post ID: @OP+1iw8w6BC

21 replies (most recent on top)

@svo You are not tainted because you work as Wells Fargo. That is in your own mind. I left last year, and not one place that I interviewed with had anything to say about it. When they asked why I was leaving WF I simply asked them "Do you watch the news?". This always garnered a chuckle and then we moved on. I had my choice of offers...

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Post ID: @2rvd+1iw8w6BC

For all the “wokeness” going on in this place, the colonization of cheaper labor forces sure is popular. They may try to convince themselves they are lifting people out of poverty, providing opportunities, etc but they’re just capitalizing on cheap labor. They will pick up their stakes and move to another market as soon as India is not the bargain it started as - and that time is quickly approaching.

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Post ID: @1qcx+1iw8w6BC

I think it’s healthy to vent on this bulletin board. Looking back After decades with WF, I do have to thank the company for sneaking the word cynical into my character. Honestly, I do miss the old Wells Fargo before the Wachovia merger. Team members seemed happier and motivated back then.

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Post ID: @1faf+1iw8w6BC

Post ID: @1crd+1iw8w6BC

Sadly, you are just one more victim of Wells Fargo, showing loyalty to those who have no loyalty to anyone but themselves. I hope it ends up working out for you.

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Post ID: @1xnr+1iw8w6BC

Post ID: @1crd+1iw8w6BC

Oh please. I would be embarrassed to have my head so far up management’s buttocks. It might be time to pay attention to the news.

You probably think Bernie Madoff was a sweet ol’ grandpa, and all those young girls must have come on to Jeff Epstein.

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Post ID: @1bvk+1iw8w6BC

Talk about no loyalty. I would quit before being so shameful as to talk that much sh-t about my employer.

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Post ID: @1crd+1iw8w6BC

I love the people that complain and say they are tied down by WF reputation. Absolute horse cr-p. Grab your ba--s and make a move if it's that bad.

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Post ID: @ick+1iw8w6BC

When I go into the office 3 times a week, I make sure to flush twice and use extra paper towels. Use as much juice as I need to charge up the IPad, IPhone, etc., too.

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Post ID: @jfo+1iw8w6BC

I recently left WFC - I came to the conclusion upper-management was morally bankrupt!

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Post ID: @lon+1iw8w6BC

Leaving was the best decision I ever made, while staying just to “see what happens,” conversely, was one of the worst. I’m at a company now that truly values its employees. Great pay, excellent benefits, happy people, growth potential…it’s the polar opposite of the situation I left at Wells. Hanging on for a severance package or barring that, a miracle that things got better, only resulted in frustration and depression.

My advice is to just go. I set a goal for myself to be gone from Wells by the end of the summer and I was gone at the start. Your coworkers will be fine, and if they’re not, stay in their network to help them get out too, but set that goal and work towards it every day. It may take a while, so set a reasonable timeline. Find resumes online for your dream job and see what overlaps with your experience - close any gaps. Make a list of potential employers you’d want to work for then narrow it down and scour their job postings weekly. Practice your interview skills in front of a mirror. Message your former coworkers on LinkedIn and let them know you’re looking. This is all basic stuff, but it works and it’s totally worth it.

It can feel a bit like leaving an abusive relationship, but once you’re gone, there’s no greater feeling. I can’t count the number of people who have told me “there’s something different about you,” or “you look like a weight has been lifted off your shoulders.” There is something different about me; for the first time in years I’m happy at work and yes, a huge weight has been lifted off my shoulders.

For those few who are truly happy at Wells or just enjoy the misery - good for you. Glad you’re doing fine. This message isn’t for you.

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Post ID: @yrq+1iw8w6BC

Definitely sums it up. I can’t quit, as this company tarnished my reputation With the constant scandals in the headlines. Can’t have a major employment gap on a résumé to apply for a new position, If I tried leaving years of WF off my résumé. So, just waiting around to get laid off for a nice severance.
WF Became lethargic after the scandals. No one seems to be motivated, anymore. Seems all the scandalous headlines have sucked the life out of this company

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Post ID: @svo+1iw8w6BC

@xbm+1iw8w6BC please respond or forward this Service Request to the correct department. Thank you and God bless.

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Post ID: @dpr+1iw8w6BC

Well, that pretty much sums it up in a nutshell.

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Post ID: @vbg+1iw8w6BC

Ironically, while reading this post, the bottom of my page is an ad for Wash U and “Leadership Rooted in Principles”.

Guessing none of our Senior team took those classes 😂

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Post ID: @kab+1iw8w6BC

Why would the executives want WF to be a good place to work?

They want people to leave without severance so they can get fatter bonuses.

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Post ID: @eey+1iw8w6BC

Good Talk. Glad you would vent to yourself

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Post ID: @uyy+1iw8w6BC

The casheir in the cafe rude. Somebody need to learn them how to satisfact they customer.

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Post ID: @xbm+1iw8w6BC

Even our peer banks are doing better. BofA and Citi are top 100 places to work in several states. WF? Zero!

https://www.forbes.com/lists/best-employers-by-state/?sh=4d57b7ed1983

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Post ID: @yxk+1iw8w6BC

It's Friday. Go get a drink and work on your resume.

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Post ID: @hyn+1iw8w6BC

Preach! This is why I resigned earlier this year

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Post ID: @iry+1iw8w6BC

After they have the off shore Indians taking over my teams work, I’ve mentally checked out. Kiss my A Saul and Co.

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Post ID: @mvp+1iw8w6BC

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