Thread regarding Wells Fargo & Co. layoffs

Quitting vs Fired

IIRC, Wells managers are not allowed to provide external references. Is that correct?

If so, then being laid off vs fired would be unknown to future employers. The most they would get on a verification check is that your employment ended involuntarily.

If one suspects that they'll be fired within the next six months, is there any reason to quit vs waiting to get fired?

The optimal thing to do is look for other work and hope for a layoff, but in the absence of those, why would/should someone quit instead of waiting to get fired, in terms of future employment elsewhere?

by Anonymous
| 1996 views | | 8 replies (last ) | Reply
Post ID: @OP+1k0q7015v
Comment! It's anonymous!

8 replies (most recent on top)

  1. if fired you likely will not be hired by Wells ever again (not a big loss to many of you).
  2. just because a manager is not supposed to give a reference doesn’t mean it won’t happen. Lots is said in private (source: a manager)
  3. to be fired for doing the honest thing working hard is a badge. To be fired for slacking off also hurts your self morale. Not recommended.
by Anonymous
| | Reply
Post ID: @s1+1k0q7015v

The only thing WF will validate is: 1) that you worked for the company and 2) the dates. Period.

by Anonymous
| | Reply
Post ID: @hn+1k0q7015v

Managers are not allowed to provide reference.
If you quit, you do not get any severance
If you get laid off, then you get severance
If you get fired, you are sc--wed as it will be difficult to get a job.

Never take an impulsive decision. Get a job and then quit if you want to quit. If you are so desperate then just do the minimum and go home and wait to get laid off while keep looking.
Unfortunately, there is no loyalty left in any company now, let alone Wells Fargo. I know a friend of mine who was moved to Charlotte as a part of the hub strategy and got let go in 8 months.
Good luck!

by loveyourjobnotthefirm
| | Reply
Post ID: @cn+1k0q7015v

@b9 yes

by Anonymous
| | Reply
Post ID: @cm+1k0q7015v

Does anyone even get fired from this place?

by Anonymous
| | Reply
Post ID: @b9+1k0q7015v

If you’re FINRA licensed, involuntary terminations go on your permanent dossier. Just an FYI.

by Anonymous
| | Reply
Post ID: @b4+1k0q7015v

what @as said.

by Anonymous
| | Reply
Post ID: @b2+1k0q7015v

You seem to be confused as you reference layoff, quitting and being fired. All three very different beasts.

To answer your question as asked, it is always better to quit instead of being fired. Just because an employers policy is to only confirm dates of employment officially, that doesn’t mean unofficially the 50+ people that know you were fired won’t say anything if asked. From that point on any future employer typically asks if you were terminated, left because you were going to be terminated, some flavor of that question. Sure you can lie, I would, but now if it is ever found out you’re going to be let go for cause.

by Anonymous
| | Reply
Post ID: @as+1k0q7015v

Post a reply

: