Thread regarding Wells Fargo & Co. layoffs

I'm not advocating for relocating for WF, but if were to, Charlotte would be a good place. Large banking presence (BofA and WF) and just more opportunities on the east coast. Me, I'd seriously consider taking the severance and taking some time off. If you stay in Oregon, there's plenty of other banks to work for, depending on what your skills are.

Agree with all. A years severance is probably much needed R&R with that many years at WF. Don’t stress it. We should all be saving because there is no way of knowing whether you will be unlucky and get no notice other than 60 day.

Hi - I live in Oregon and I know people laid off at wells. A couple people got jobs at some local credit unions First Tech and Umpqua.

Hi! I suggest using an AI tool like Grok to explore your options. Here’s a tailored prompt you could use:
"I am a [insert job role, e.g., financial analyst, customer service manager, etc.] with skills in [list key skills, e.g., financial planning, data analysis, customer relationship management]. I have [education level, e.g., a bachelor’s degree in finance, MBA, etc.]. I am currently employed as a [normalize your Wells Fargo job title, e.g., Senior Financial Consultant, Operations Specialist] at Wells Fargo in [city/town in Oregon, e.g., Portland, Eugene]. I’m facing a layoff and considering job opportunities in Oregon, as my family prefers to stay in the Northwest. What job opportunities in Oregon align with my skills and experience? What industries or roles could my skills transfer to? Are there specific companies in my region hiring for relevant positions? Additionally, what are the current job market trends in Oregon for professionals like me?"

I heard they are closing Oregon down in Q3? Not Q4. I have team members in Oregon who will be displaced in Q3.

Your question is a little weird because it kind of presumes all Oregon staff do the same thing.

definitely agree to start applying to new jobs in your area ASAP. While it would be great if you could time it right and get your severance and the new job, if you get an offer, take it because there may not be another one for a while if at all.

First step is to save every penny of your check that you can while you still have a job. Second, start looking for your next job now. Don't walk away from a full years worth of severance, but rather look for opportunities/employers of interest. Set up job agents. Brush up the resume. Most Oregon employees will likely be displaced in Q4. As we get closer to that, start applying for new gigs. In the interview just tell them that you won't be able to start until your current gig concludes and you're on your severance period. If they don't like it, no worries, there are other fish in the sea and you have a years worth of severance and some savings to fall back on anyway. Ideally you'd start your new gig right after your severance starts so you can either lump sum it or double dip. Good luck OP.

Can you retire?

@c5 - thanks - I will not be moving my family for WF. The point of the post was to ask what people are doing after leaving WF. Sorry if that wasn’t clear. Have you left WF and what are you doing now?

It’s a sorry outcome if your best option is to move an unwilling family disruptively just to keep a paycheck… from Wells Fargo no less. Just to state the obvious.

Stay in Oregon it’s great

As it sounds like you have some time, hedge your bets by looking for opportunities in your area. This will give you a better idea of possible options before layoffs occur and the clock starts ticking.
Good Luck!