They recently moved a friend of mine to Charlotte and then laid him off in 8 months. They are creating roles and cancelling it to probably project that Wells Fargo is hiring. They are focussed on flushing out old people and bringing in fresh hires. Layoffs are here to stay. Instead of doing a mass layoff, their strategy now is to do it intermittently so that it is not in the news. More tech jobs will be moved to their international locations. They are not using the word outsourcing. Instead, open an office in India and use that to move jobs for cheap labor and repetitive technology work. I got laid off and have applied to almost 45 positions relevant to my skills and never got a call for 43 of them. The 2 job interviews that I attended had the position cancelled after the interview. I tried to reach out to my former manager and he never responds. There is no professional relationship or loyalty left. Everyone of you if you are still with Wells, should always have a back up plan or have a small business on the side because you may the one to be let go on a Tuesday.
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They're going for the easiest ways to hit their efficiency goals the easiest and fastest. The more expensive you are the higher chance of getting a package. I've seen people with 20+ years let go and some offered relo because they were inexpensive. It's just layoffs regardless of what label they tag it with. Some lucky people are allowed to take the retirement package.
With all the automated resume scanners, your best bet is to get in with a consulting firm. Read an article that college grads are submitting up to 400 listings a day and still not getting many bites for interviews. Hang in there! Best of luck!
I really hope you don't do anything important for the company. You brought up age when you mentioned "olds". You are aware that an employee could be 28 and started here before Shart, right? It's not an age issue.
@c3+1jttj7qh5 Oh weird, in your universe time passes without aging. Learn what "projection" means before making your weird baseless claims.
I didn't say anything about age. Interesting projection on your part. In any event, back to the topic at hand...
After almost 40 years I was let go a week ago Tuesday. They also got rid of my co-worker same day. Luckily for me 2 months after my severance ends I will turn 65. Unfortunately my co-worker is only in his mid 40's and I feel bad for him.
they are absolutely targeting older workers. it is a horrible job market out there right now, especially for anyone who's been with WF for any amount of time.
they've d-mbed you down and made your experience there completely irrelevant to any other company.
im in the same boat.
wish you lots of luck, OP!
its nice to be free from The Firm, but its really tough being laid off
"a legit vendetta against employees with more years of service" gotta slip in the weird little paranoid conspiracy against the olds
This bank does not deserve our loyalty.
Wells Fargo is a big lying bank. You can't belive anything they tell you.
I would never take a relocation package from this company without certain guarantees I doubt they'd be willing to provide.
To the ones complaining: this is a LAYOFF board. We are supposed to talk about those things here. If you don't want to hear it, go back to facebook. 🤦♀️
lol at this guy:
"Sigh, you want some cheese with that whine?
This has been covered here ad nauseum.
Welcome to the real world."
Welcome to the layoff forum, where people talk about layoffs and their impacts. I'm not sure what you're looking for, but it seems you may be looking in the wrong place.
They've been contracting and outsourcing forever, what's changed recently is a legit vendetta against employees with more years of service. Shart wants them all gone, and he'll use whatever schemes, abuses, etc. he can find to get rid of them all. If you've been at WF longer than him, there's a target on your back.
@a2+1jttj7qh5 - thank you for your kind and thoughtful words. I too was laid off from Wells recently, and your words really resonated with me.
Thanks for bringing us back to 4 years ago
Sigh, you want some cheese with that whine?
This has been covered here ad nauseum.
Welcome to the real world.
Hey man, reading your post really hit home, and I wanted to respond directly.
First off, I am so incredibly sorry you're going through this. Getting laid off is brutal, and the situation with your friend, and then your own experience with applying for 45 roles and seeing positions disappear – that's not just frustrating, that's absolutely soul-crushing. It's completely understandable why you feel the way you do about loyalty, or the lack thereof, and why you'd feel cynical about what's happening. Your feelings of betrayal and frustration are valid.
You've put in an insane amount of effort trying to get back in – applying for 45 relevant jobs is a testament to your skills and determination. Seriously, that's a huge undertaking.
But... and I say this with genuine empathy, not judgment... reading about those 43 no-calls and 2 canceled interviews right after you spoke to them... it feels like the universe, or at least Wells Fargo, is screaming that this door is closed. Putting that much energy into trying to re-enter a place that has caused you this much pain and disappointment might be keeping you stuck in a cycle of frustration.
Your skills are real. Your experience is valuable. That doesn't disappear just because one company isn't recognizing it right now.
Take that incredible energy you've been pouring into those 45 applications and redirect it. Point it outwards. There are other companies, other opportunities, other industries where your talents are needed and where you could potentially find a much healthier environment, a new start without the baggage of this past year.
It's hard to let go, especially when you feel wronged. But sometimes, the act of actively moving on from the source of the pain is the first step to finding something much better. Don't let the frustration with Wells Fargo block your path to a great new role elsewhere.
Hang in there. Acknowledge the pain, but please, start focusing that amazing application energy on the thousands of other possibilities out there. You deserve a chance somewhere new.
Wishing you the very best in your search.