Thread regarding Wells Fargo & Co. layoffs

Layoffs from Tuesday

Three senior level managers were displaced from core sites in ECMO.

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Post ID: @OP+1jpv77mfy

13 replies (most recent on top)

There were more than 3. And not all women. I know of 8. And it was a span of control layoff.

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Post ID: @gs+1jpv77mfy

@cb+1jpv77mfy Ha! No doubt you’ll be on this site saying how hard you worked and why would they let you go?
Being a manager is hard work agreed, but you delegate and try to make the workload equitable.
So whatever you are spouting off about is a mystery to me.

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Post ID: @eq+1jpv77mfy

All three were women by the way.

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Post ID: @em+1jpv77mfy

You have to be really, really, REALLY bad to be let go if you’re a manager here. I’m in marketing. I have seen people literally skate by on a--kissing and smoke and mirrors for decades. All they have to do is say “I’m too busy” and bam - off the hook. Too busy doing what, nobody actually knows.

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Post ID: @d6+1jpv77mfy

Being a manager is no fun! Agree with the person who says they worked a ton of hours. After 8 years of it, I was done! Have totally enjoyed the last decade as an individual contributor. Much less stress and hours.

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Post ID: @ce+1jpv77mfy

@cb+1jpv77mfy

Can confirm. I’ve been a manager, and I’ve been an individual contributor (sales) making double what I made then. The manager job was exponentially harder and more stressful. People su-k.

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Post ID: @cc+1jpv77mfy

Why is it that someone in each stream always posts that managers are lazy? I manage a team of 17 directly and work 12 to 15 hour days. I work weekends so that my employees don't have to. I try to take as much burden from them as possible, because I know this is a hard time. I want them to be impacted as little as possible by all that is going on in the company right now, because I care about them as human beings. How is that lazy? I'm in a non-core location and will also eventually be displaced. Stop saying I'm lazy and no good.

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Post ID: @cb+1jpv77mfy

There's this strange misconception out there that managers don't get fired. It's never been true. 'Spans and layers' is a thing, and even if it wasn't, you can't downsize 100,000 domestic employees and not get rid of a bunch of managers also. That's just not how this works. We're all in the same boat together. Individual contributors and managers. The executives are coming for all of us.

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Post ID: @c1+1jpv77mfy

Which Managers (first names are fine) were let go?

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Post ID: @bz+1jpv77mfy

One of them was close to retirement, one was location strategy. The third one had no rhyme or reason.

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Post ID: @bq+1jpv77mfy

Hopefully many more overpaid lazy incompetent senior managers to be removed. Good riddance.

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Post ID: @at+1jpv77mfy

I personally know of a manager and a director displaced in the past three months, both in core locations.

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Post ID: @ag+1jpv77mfy

What level? M3 4 5?

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Post ID: @a7+1jpv77mfy

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