This trash bucket has held me back. I don’t apply to other jobs or pursue different things because the stagecoach keeps depositing that sweet paycheck into my bank account. If I were to be laid off, I’m sure the initial shock would be upsetting… but after the dust settled, part of me wonders if I would genuinely be happier.
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@1ivx+1lh6rvM5 Awesome for you! A self made silver lining.
Enjoy your retirement and stay well
I was laid off from my last company only to land a job at WF through networking. I knew WF had a reputation and it turned out to be true. I’m hoping to hang on a few more months, but I see positions with my job title are no longer open. I could always find several so don’t know if there is a hiring freeze or if this is the end. Horrible way to live life.
I have been involuntarily severanced 4 times in my 43 year career. Always find another job soon after and you can reap some double pay months that will change your life for the better. First time I got a new job a month later at lesser stress and slightly more pay and recarpeted my entire home and updated the kitchen with the 6 months of double pay. Second time was just as my first kid was born. Got a new job right away and put the "extra" paychecks into a 529 account that grew into three years of paid college. Third time was only 6 weeks severance so took much needed vacation. Last time I had just been hired 5 months earlier after the previous layoff. Had a 2 year exit clause that said they had to pay me regardless if I was involuntarily released. HR did not know that. That set the stage for my last 20 years and all that extra pay went into retirement accounts that I will be enjoying starting March 3rd on my first day of retirement from WF. Really worked hard for a fifth layoff but they weren't buying it. Silver linings are quite normal after layoffs.
I don't want to be laid off, but damn their eyes for making a great job miserable and making me want to quit--for zero benefit.
I would love to be free of this misery, but I’m not exactly signing up to be displaced either. I want to be in control of when and how I leave.
@1lhh+1lh6rvM5 I have no reason to doubt what I’ve been told so I’d say your complacency and assumptions are misplaced. Depending on the exact nature of the rounds of cuts your manager may or may not have been asked for a list of options. They certainly aren’t asked for “exactly two names that we can let go.” Most likely your manager will not know until 1 or 2 days prior who, if anyone, is leaving. What you do, how well you do it and all other metrics are ultimately not part of the equation. If you haven’t been part of the hiring process in the last two years everything similar to the rating systems now. Rigid guidelines and methodical removing a vast majority of opinions and gut feelings
Just a little PSA, I was "displaced" on 2/7/2023. Like many of you, I was actually hoping for it and verbalizing that hope to family and friends - not colleagues. And there was all kinds of talk, especially on this site, that the company was engaging in all sorts of tactics to get people to leave - undeserved shi**y reviews, added responsibilities, higher production goals, etc. to avoid severance packages. This added some urgency and fear to the hopes of getting canned and getting a decent severance package.
Well that happened, 90 day non-working notice - full pay and benefits and 14 weeks severance that begins after the 90 day notice. Not a bad send off, half a year full pay and benefits to sit home and do nothing.
I have to say, to a lesser extent. it's like when someone you know is terminally ill, you know they are going and you deal with it but when the day comes and they are actually gone, it still hurts and is sad no matter how much you think you've prepared.
I'm dealing with the self doubt and why me, not easy my friends. Not quite the Kubler - Ross stages of grief but similar.
The anger says "F" Wells Fargo and the C-suite they can't even begin to know us!
Stay true to your self respecting self!
I, too, hope I'm included in this alleged big layoff in a month. I don't expect that the selections were made by immediate management, but by people higher up in the food chain. However, I assume that my immediate management would know if I'm on the layoff list, even if they didn't want me to be. I was recently assigned an important project that will run for about a year. That leads me to believe I'm not going to be laid off, because that would just make my immediate management's job harder to have to reassign this in a month. The more efficient thing for them to have done was not to assign it to me in the first place. I suppose I'll cross my fingers while applying externally.
Part of me wouldn't mind being laid hard.
@OP+1lh6rvM5 My feelings absolutely 100%
I'm hoping to be on that list of the next Big layoffs
I will gladly lay you off and offshore your responsibilities to Dinesh. But first, let me sip my coffee.
busted smile