Thread regarding Wells Fargo & Co. layoffs

@1uqu even the people who appear to have other interests oftentimes do it for the sake of making themselves a better candidate. Serving nonprofit boards, volunteering heavily in professional organizations etc. you literally have to show nothing means more than building corporate America to get to a certain level of leadership

To the retiring early point. The game is rigged so you can’t really retire early. You have two choices live like a minimalist to retire a few years early or enjoy the fruits of your labor. It’s difficult to do both when you consider cost of living and inflation.

I’d much rather start some passive income side business than poor my soul into a corporation. The sale of time for money becomes more and more explicit the more you move up.

From a former manager who reported to the COO in one of the WF divisions, which was the point I was promoted to that made me hit the ceiling. I never realized with 100's of people reporting to me with differing jobs and goals how much I had to lie each and every day. I had to lie to team members about our ultimate goal for some things, lie to my managers about the great opportunities they had with WF, lie to my boss because he did not want ANY bad news and finally lie to my family that the extra work I was doing was only temporary. And don't get me started on stack ranking, the lazy leader way to do reviews. After 11 months I couldn't stand it anymore and left WF. Went to a non profit and amazing joy engulfed me at half the pay.

Just trying to retire earlier

It's because some people live to work and some people work to live.

Scan the profiles of those folks in the town halls. The ones who work to live have a wider range of hobbies, sports, etc. The ones who live to work post basic things like reading career blogs, etc.

Some people like to be worker bees and that is OK. Good managers will recognize that and will respect that. I know people that have been with the bank for a LONG time and are perfectly content in the position they were initially hired in. For me, I know if I want the money, I have to go get it. Wells has traditionally never promoted and instead posted the positions. Sometimes they will have someone picked out, sometimes not.

I stopped trying after they flooded the ship with Indians who hid out. Boss keep coming to me and broke my back for yrs for nothing.

Some people just want more. Maybe a lakehouse, Porsche, who knows. Maybe people want to retire early. Some people are happy with making $22/hr. Some people want to start their own business and some don't want that stress. Different strokes for different folks. It's like saying why do you want a kid or two or five?

@xfv+1n0kvnC6
All of these posts reflect some of the factors into why a sane person at Wells Fargo is "quietly quitting". IMO, in this perverse environment, all of us should be quietly quitting. The end of a successful "quiet quitting" is your layoff or your leaving.
I started planning for my layoff about 2/3 way thru my 10 year career at Wells. I will be posting on what is involved in this practice.

They could care less about you. Move on to a different company. They will ax you in the end anyone. No one is allowed to retire out of here on their free will. They would rather fire you or ax you out

I’ve also gotten to this point. Wells gives me zero incentive to try harder.
If I move into the open manager role, it’s no increase in pay and much more responsibility. Why TF would I want to do that? If anything it will cause more time in the office.
This old boat is taking water, won’t be long till it goes down.

Obviously, the company whom you work for makes a huge difference when it comes to corporate climbing. At WF, don't even bother trying.

Thanks you all. I definitely agree with the good manager part. I’ve found and maintained connections with managers I hold in high regards so I’ll try to keep working alongside them.

I’m still relatively young in my career so I think I’ll change roles every three to five years just to resume build. I just don’t see the value in missing dinner with the kids or cancelling vacations to satisfy a corporation that’ll lay you off with no hesitation

I've moved up several times and am very happy at the level I'm at. Zero interest in more promotions. It's liberating to take away that leverage from the company. "Oh, you won't do X, then you won't be able to move up..." Heh, GOOD. 😂 Some people enjoy the rat race and A kissing to move up, I'm over it.

Also, FRTO.

Are you talking about a career at wells or somewhere else?

There is a push in technology for everyone to become engineers and cloud certified. There are a lot of us who are very happy in the current roles we have and have no desire to move up, etc. but the rumor is you no longer have a choice. You have to acquiesce or you'll be dinged on reviews and bonus time.

I think it can be immensely freeing to let go of the externally perceived pressure to keep moving up and getting promoted. Do what makes you happy. And who cares what your job title is, how many layers you are down in the org, all that nonsense? I used to care somewhat about that stuff but it is wonderful to not care anymore. And agree on the comment about managers. So many are awful; if you find a good one, stick with her/him!

At WF, my experience has been the opposite. The company does not offer opportunities to fail up in your career, to venture into the unknown and trust you can discover more of your potential or grant you more interesting work.

If happy in current role, WF will not challenge you otherwise.

Those of us who want more in career are bored, unchallenged or motivated financially to keep going.

There is nothing wrong w/ inaction or complacency in career. You are always your own boss ultimately.

There is a theory that people tend to get promoted until they are incompetent/ promoted to their level of incompetence.

This relates to layoffs because people who think like the OP will eventually be laid off??

I wouldn’t say keep climbing. I’m happy where I’m at as well with respect to comp and level of responsibility and work.

I would say, keep moving. Stay in charge of your career. Staying still never works out.

The key is if you have a good manager. If you have a good one, stay with them.

How does this relate to layoffs?