Help a newbie out, please. How is Wells Fargo about cutting people a few days before Thanksgiving? Does it ever happen? There were too many cuts for the past few months and I'm hoping that the bank will give us something to be thankful for by sparing us the worry in the coming few days.
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Looks like 600+ were canned on 9/19, we won't know the full extent of turkey day week layoffs for another couple months.
Please let it be me.
WFB once laid about a 4th of my department in the first week of December, 2002. Right before the holidays. This was preCharlie. They don't care if it's holiday season or not. Sad, but it's been this way for sometime now.
if you have been on this site long enough and actually look at posts occasionally you'd know that the general consensus, which seems to match reality, is that the Tuesday following a pay day is the days they normally perform layoffs. Not that there won't be the occasional random layoff here and there but baring that they seem to stick to this timeframe for most larger scale. Given this week is a pay week there won't be any layoffs, next week however is a different story
last year there were large cuts in my dept. the first Tuesday after Thanksgiving. It was a non pay-day week so just look for the same pattern.
Banks layoff employees whether it's a holiday season or not, they don't care. Back in 2004, Bank of America laid off many employees before Christmas. But later, the bank sent letters to those employees, saying they accidentally overpaid severance, and they requested the laid-off employees to pay back some of it. Some of them were struggling single mothers who were trying to get decent Christmas gifts for their small children.
I was somehow able to find this old article here:
https://www.sfgate.com/business/article/laid-off-workers-told-to-pay-back-part-of-2687204.php
I work in recruiting.
Reading all of this makes be very appreciative of my work environment. My mgr and their mgr are awesome, we work hard and we’re rewarded for it. No politics or bullsh-t. They keep us in the loop as to what gets noticed at the senior level and they helps us stay of “lists”. Sorry to see it’s very different for others.
They would call and give you the boot while you were attending your mother’s funeral. They don’t give a rip about the employees. You don’t get that by now. Cut throat spineless sharks. Unless you have a DEI exception you are subject to all the underhanded games that they employ to lay you off without severance or frustrate you to leave on your own. Trust me they played them all on me. I fought back and lasted a couple of years and got my severance. Good luck.
Our entire division (170+) was laid off in late November one year. WF has no problem firing people around the holidays.
Until shareholder price stops ruling the world, corporations will continue cutting w/zest.
Pre-Charlie Wells Fargo loved letting people go just in time for Christmas.
Wells Fargo is just fine severing people anytime of the year. If the algorithm (age + years of service + salary % relative to co workers) has included your employee number, it gets punched. I got severed the first week back from the Thanksgiving Holidays and only a few short weeks from Christmas. No, they don’t care.
To expect any type of pause during the holiday season assumes that these people think about their employees. Surely you know better than that.
there is no pause. there will not be layoffs this thanksgiving week but there will be next week. and then another one in december is all but certain. consider it a happy hanukkah present or a happy pre present for xmas.
but, we all made it long enough to get that bonus... i hope...
It happened a few years ago to my managers peers (16 in tech) throughout out the country, right before Thanksgiving. I remember the posts about how cr-ppy a company can be to do that.
Most likely no pause even near the holidays. I just believe it won't be as much as the previous months.
Americans y'all are trapped in this cooperate world. You need to be cut in order to realize you true potential. Y'all are too comfortable with life!
It's a simple analysis. What Hudson Yards wants more than anything is voluntary resignations. Those are most likely when morale is tanked. Which will tank morale most, a term during the holidays or afterwards?
There will be no pause, because a pause won't lead more people to quit.
If I get cut on Tuesday it will really give me something to be thankful for. 🙏🏻
There is no Holiday pause
Fingers crossed! ;-)