Thread regarding Wells Fargo & Co. layoffs

Got laid off today

And all I feel is relief. I'm honestly glad I stuck through all the attrition so I could leave with a severance. Good luck to everyone still there. The sooner this place is in your rearview mirror, the better off you'll be.


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Post ID: @OP+1kp73sny4

18 replies (most recent on top)

@az I never had below a meets and was cut last year. Lawyer said it’s pretty ironclad unless I could prove age discrimination and that’s next to impossible to prove.

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Post ID: @29p+1kp73sny4

@av what did attorney said?

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Post ID: @q9+1kp73sny4

@aj not true. Many people were mysteriously downgraded to IM through no fault of their own, over the past 1-3 years. Last year there was a large # hit, suspecting behind the scenes requirements by upper management. For every Exceeds, you can count on an IM or more to offset given elsewhere on the team. The fortunate ones who were set free did indeed receive severance.

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Post ID: @q2+1kp73sny4

@a3 glad your mental health is better. It could be even more-so if you don’t visit a layoff site of your past employer.

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Post ID: @d6+1kp73sny4

I left in March, didn’t give that BS 60 day notice either…gave two weeks. I’m so much happier. Everyone I worked with and knew of was either looking elsewhere, waiting on a package, or holding on to hit retirement. I feel like a new person and am energized for the first time in years. My 3 1/2 years served it’s purpose and glad to be gone.

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Post ID: @cz+1kp73sny4

@ch how do you know that your layoff date is in 2 weeks. I wish I know

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Post ID: @cn+1kp73sny4

Congrats! My lay off date is in 2 weeks.

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Post ID: @ch+1kp73sny4

The sad part about what WF does to long time, committed employees is to try to belittle them via the bogus IM rating - likely for legal purposes to thwart employees efforts to seek legal counsel to fight the decision or push for a better payout. I was an Exceeds player - FOR YEARS, then suddenly received an IM and then three months later was given my walking papers - thankfully with the maximum severance due to my tenure. My efforts did not change - as a matter of fact, I was working harder than I have ever done for the company, spending up to 80 hours a week to try to maintain the same standard of care over my role for WF, our customers, and my direct reports.

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Post ID: @c7+1kp73sny4

@av this package is pretty standard. Please update after you meet with the lawyer. I am curious lawyer’s suggestion.

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Post ID: @az+1kp73sny4

I was laid off March 31. Corporate Risk, SERM. I had “Meets” MidYear 2025, and then a bogus “Inconsistently Meets” YE 2025. I’m in non-working status and severance is on the table, 2 weeks per 1 year of service, if I sign an agreement and release of claims. I’m meeting with an attorney Thursday to review everything and will make my decision.

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Post ID: @av+1kp73sny4

I had an IM at year end and was laid off with severance at midyear last year. I count my lucky stars I did get severance.

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Post ID: @ap+1kp73sny4

@ah sadly you’re in the wrong bucket. You are likely in the “free to go” group of people to be fired. I’ve not heard of one person who got severance and got IM. You either fix it some how,or expect the worst. I’m truly sorry.

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Post ID: @aj+1kp73sny4

@OP you may not want to share, but were you rated as inconsistent meets at year end appraisals? Many of us who were rated as IM are awaiting our fate,
Just wondering if they are still giving severance

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Post ID: @ah+1kp73sny4

Layoff spells relief

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Post ID: @ag+1kp73sny4

how lucky

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Post ID: @af+1kp73sny4

What was ur role/dept and site did u get laid off from? Do u know how many others were also laid off?

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Post ID: @a4+1kp73sny4

Agreed. I was laid off in January and my mental health has never been better!

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Post ID: @a3+1kp73sny4

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