Thread regarding Wells Fargo & Co. layoffs

Toxic Company & Mid-Level Management

I am still reeling from my mid-year performance review on Monday. I knew it was going to go the way it did but still had some hope the company would have an ounce of compassion given that I went through and am still going through the two hardest things (death and divorce, including fighting for custody with a vindictive spouse, and I won that battle for my rightful 50% custody thankfully) that were at their worst for a few months this spring.

I am a 15+ year loyal employee who has worked very hard every single year (always meets or exceeds and had 3.5 years of Exceeds through mid-2023. Then, when the JPM B-team met up with my horrible / jealous manager, I first got Meets for YE 2023 when it was very much an Exceeds year, then YE 2024 I got the horrible IM for an average but qualitatively strong year with a great manager written review, feedback from peers, etc., and then for this mid-year I got the super dreaded NI rating (which I don't even count since I was a shell for a few months) but it doesn't matter. They are ready to kick me out for all my service and the comp level I'm at, I guess, or probably most likely it's just that my narcissistic manager has favorites and he has never liked me for some reason, even though i've always been very kind to him.

I am down the path with a much better company, fortunately, and I am hopeful that will work out sometime this fall and I will be very happy to tender my resignation to my very cowardly/weak manager. I am disgusted by the toxicity of this now horribly run company. I am hopeful many of you will get out of this hellhole as we can all see, it's almost universal that the other side of Wells is a much healthier and happier place and life is so short. Best.

by Anonymous
| 2696 views | | 10 replies (last ) | Reply
Post ID: @OP+1k1gva0vn
Comment! It's anonymous!

10 replies (most recent on top)

Reviews are meaningless- it's politics at the end of the day. Are you the right gender, have the right skin tone, kiss the boss' aaaasss and more.

by Anonymous
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Post ID: @ds+1k1gva0vn

Mid year means nothing. You don’t get a pay raise so who cares? It’s only worth it so you know how hard to work for year end bonuses. And remember- never be loyal to a company that can never be loyal to you.

by Anonymous
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Post ID: @by+1k1gva0vn

Try to get severance due.

by Anonymous
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Post ID: @bs+1k1gva0vn

@ar good one you tool bag. You probably got made fun of in high school. Enjoy your pathetic life you loser :)

by Anonymous
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Post ID: @bm+1k1gva0vn

@ay thanks so much my friend. Really appreciate that!!

by Anonymous
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Post ID: @bk+1k1gva0vn

Everything you have written screams that it is time for a fresh start. Life comes at you hard sometimes, and a reset can allow you to shake some of the baggage off and move on. It’s hard to do within the walls of the same ol’. Good luck to you!

by Anonymous
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Post ID: @ay+1k1gva0vn

@op you sound like a big ole bi---h. You got the NI, I love that for you!

by Anonymous
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Post ID: @ar+1k1gva0vn

Ok

by Anonymous
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Post ID: @ah+1k1gva0vn

It's pretty clear they want to transform into JPM jr. But before long, they'll disassemble the stagecoach, paint all the pieces blue, then send it to India via shipping container. From there it will be proudly reassembled and displayed in the lobby of a crowded foreign back office building. This also being a country where Wells Chase and Co. doesn't even have a business footprint, other than being a source for offshoring American jobs.

Try to keep in mind that the JPM and BofA people that are flooding in were likely not going far at their previous employer, else they wouldn't be jumping ship to come here. It's the same sh-t, different toilet. And remember that even they are at risk of being offshored. No one is safe.

Wells Fargo culture used to be great. It was what helped set us apart. All except for sales, of course, which was a terrible miscalculation by leadership.

Anyway, we are entering a new world. A world where companies who relentlessly focus on adding customer value over old and tired efficiency / cost cutting management style will be the ones who win in the long run. Currently, Wells Fargo is not doing this and it will likely hurt the business over time. As a case in point, consider what Amex is doing, then compare Wells Fargo's best effort Bilt product. Innovation. lol.

by Anonymous
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Post ID: @a4+1k1gva0vn

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