Thread regarding Wells Fargo & Co. layoffs

Question for those with direct reports

(For the sake of this post, I'm using the word 'manager' a little generically to include directors and others that have direct reports.)

I realize that there isn't an official avenue for an employee to take a voluntary layoff.

But at the same time, don't managers usually keep a list (even if only mentally) as to who is at the top and bottom to be chosen if it comes to that?

Long story short, I'm wondering how you would handle an employee that respectfully tells you that they want to be laid off because they're chronically unhappy in their role. Would you be inclined to oblige them? Or would you ignore their request in favor of other metrics you use to determine that? (This excludes scenarios where you're told specifically who to cut.)

I can already hear replies telling me that the bank wants unhappy people to quit on their own. I get that, but most aren't going to do that. And if a manager isn't overly thrilled with an employee's performance that wants to be let go, it seems a win-win to grant the wish.

If the employee is totally failing then I assume the avenue would be PIP followed by termination. But for this post, let's assume someone is mediocre but not rising to the level of PIP.

I guess if nothing else, what happens when an employee tells you they want to be at the top of the list?

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Post ID: @OP+1k04t1qzb

13 replies (most recent on top)

A good mgr works hard to keep their employees as happy as possible and not want to quit. It’s not always possible but that good mgr helps along the way. That may mean helping the employee find a better fit outside the group.

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Post ID: @st+1k04t1qzb

@eh
You forgot "and in a core site".

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Post ID: @gt+1k04t1qzb

Hey @e0, don't forget the quitting part of "quietly quitting". Focus on your future - not Wells Fargo's future. As @eh explains "if you’re performing well not redundant not low skilled and not sitting at a moderately priced salary why would they pay to let you go." So part of the quitting is not to perform well for Wells. If you are an over achiever this is hard at first. It may be hard to change your focus from the employer to your career. But that is what the "quitting" part of "quietly quitting is.

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Post ID: @ga+1k04t1qzb

This group needs to understand a few things clearly. Severance is an expense and if you get laid off that cost often hits your AU’s 2026 budget which is why they’d much rather you leave voluntarily. This has been a known issue for years. If you’re sitting around waiting for a golden parachute I’d strongly suggest you prioritize your well-being over wishful thinking because in doing so you may be putting others at risk. And let’s be honest if you’re performing well not redundant not low skilled and not sitting at a moderately priced salary why would they pay to let you go. It’s time people wake up and start seeing how this game is actually played.

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Post ID: @eh+1k04t1qzb

Don't forget the "quiet" part of quietly quitting. OTOH don't give them your all -- give yourself your all. Take this time to upskill and prepare for the next stage outside this toxic workplace. In the end, it doesn't matter who laid you off — your manager, your two up, or whoever. Who cares? The goal is severance. Learn to be you and not some pawn.

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Post ID: @e0+1k04t1qzb

Unfortunately it's impossible to say, OP. Some managers would respond how you'd want, some would make your life more miserable than it already is. It's a cr-p shoot and imo not worth it considering most managers have no say in the final decision anyway.

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Post ID: @bw+1k04t1qzb

Depends on the manager. I had to “score” my people. I knew one of them couldn’t/wouldn’t be able to handle the expanded duties and would quit. It would’ve hurt the department even more than it already was going to and I also knew I was likely going to be cut as well. I chose her knowing that it was the best all around.

We are both MUCH happier away from the toxicity and I was right about her. She would have had to quit and it would have created bigger issues with the person that would have been called back or lose severance.

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Post ID: @b5+1k04t1qzb

I think some of this answer depends on what function/area/part of the bank you are talking about.

If someone told me they were “chronically unhappy” and would be happy to get a package - I’d tell them I will support them in their job search. I’d performance manage them. And if the opportunity presented itself, I would displace. But in my experience it’s rare that the timing and business need align with this type of personal wish.

Without knowing the specific situation - anyone who is chronically unhappy is going to have difficulty doing anything more than phoning it in. How long someone can get by on this is manager dependent - and manager’s manager dependent.

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Post ID: @ak+1k04t1qzb

Definitely most managers keep a list in their head. Years ago, when layoffs would occur, they would go to the managers for names. Now, the manager is nowhere near the process until they need to make the phone call.

I think this situation may be moot but maybe doesn't hurt to bring it up to your manager. Maybe the best thing you could do is try to coach the person up or out. Not talk about PIP, but help coach them through life situations and build some confidence to start looking at other opportunities. Either internally or externally.

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Post ID: @ab+1k04t1qzb

So, the first two responses are completely useless.

Anyone have a more mature reply?

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Post ID: @aa+1k04t1qzb

@a3 ghetto gold

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Post ID: @a5+1k04t1qzb

Diversity trainer caught in profane tirade. This happened a few years ago in Ypsilanti, MI. She had just attended a conference in Detroit. She’s still employed but her skittish coworkers keep a stash of Snickers bars handy in case they see storm clouds gathering on her face.

https://www.youtube.com/watch?v=QR5GAeOeOs0

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Post ID: @a3+1k04t1qzb

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