Thread regarding Wells Fargo & Co. layoffs

Maybe in some groups.

You're rated on brown-nosing.

@1peh+1qNPBhJx. THIS is why all the good people have left the building. Thump- what was that? Reality of knowing the not good people are still here scrambling fighting over the scraps. You're surrounded by them.

@1peh+1qNPBhJx

The problem with a lot of people is they confuse building relationships with brown nosing. Some people think they just need to do the job as written but there are subjective human elements as well. Those in higher roles understand this.

@ @1krn+1qNPBhJx

I truly hope below was an auto correct but I have feeling it wasn’t. It’s “a dime a dozen”. Not diamond dozen. lol. That post made my week

“There are diamond dozen like you here at Wells Fargo you probably value the friendships and the greasing of elbows but have no problem being a hypocrite verbally telling your employees one thing putting in writing another and blaming your employees for failed projects that you as a leader should have helped steer.“

Mediocre people get promoted all the time. In fact, I would say that most of the people promoted are mediocre. But their su-k up skills are outstanding. Leaders are often intimidated by people with great skills, so it doesn’t pay to be too good

Keep giving yourself more upvotes, OP. I don’t know why you think you’re fooling anyone 😂

Unfortunately, on our team you have the favorites and then the ones the manager does not seem to care to much about. The ones that are not cared much for do such an amazing job day in and day out but you will hear nothing out of our managers mouth about them. And then the favorites would try and take the credit for other peoples works but the manager is blind to this fact. So one would say where is the motivation with such lack of leadership. Really at this point it would be a blessing to get laid off.

Too many employees getting meets when they continually go above and beyond. Have to be the elite to get above meets. Only reward is getting laidoff. It's about time that hard working people who have given more than they should to get more!!!

My manager is so disconnected from what's going on. Just spits out nothingness.

I agree in part and disagree in part with this post.

For employees making six figures and north (whether in Tech/CIB/Risk/Finance etc.) this post is spot on.

Where I believe Wells Fargo is making a mistake is having the same review structure for those making north of $300k also for those making south of $40k. That’s where we are short sighted - and not just Wells Fargo but the entire Street.

That’s because there are all these grandfathered legacy employees. This new rating and compensation scheme, while in use for several years, is just now being enforced at a granular level. Making people cry. Now they will sandbag their effort (easier to layoff) or leave.

I have to LOL at all the blaming of managers. If any of them did what you dooks are spelling out you flip and cry about micro-management.

Until I’m getting paid $35+ an hour BARE minimum, slash all of your expectations in half. I can’t survive with this b-m pay. The whole corporate world needs to wake the f*ck up. Want good employees? Pay employees good. Capiche?

Do not forget to fall all over yourself to recognize their fantastic performance for barely doing what they were hired to do while spending one on one meetings as they tell you how everyone else including you are terrible, and telling you they have all the answers without ever providing any. Signed, bad manager who is praying for his papers or most of his team outsourced to I&P so can become the stateside subject matter expert, same money, less hours due to not having to listen to whining employees or cleaning up their latest mess.

Mediocre work is a reflection of the managers inability to properly motivate and create a positive workforce within the team. I think the hard reality is the mediocre problem isn't from them it's really from you, as a manager and supposedly leader.

There are diamond dozen like you here at Wells Fargo you probably value the friendships and the greasing of elbows but have no problem being a hypocrite verbally telling your employees one thing putting in writing another and blaming your employees for failed projects that you as a leader should have helped steer.

Mediocre performance, workers quitting, lack of productivity, etc. are clear signs that you as a boss are creating a hostile work environment for your employees and they are just there for the paycheck to try to survive... Instead of blaming your employees about mediocre performance maybe you should look in the mirror and be open-minded to the fact that you as a manager need to change... Maybe you need to ask yourself what you're doing wrong what you were doing to make your employees give just enough to stay employed.

Before you go to the internet and complain about your employees maybe you should accept responsibility for you where you have failed at what you are doing to fail... As a manager at Wells Fargo you should hold yourself to a higher standard, you should be eager to motivate and educate and lead a successful team versus the opposite.

OP, you need to take some accountability as a Manager.

You can avoid being in this situation by creating clear and actionable goals. Employees should not only understand exactly what is required to be a Meets as well as what is required to receive an Exceeds or Inconsistently Meets. This level of robust communication happens via routine candid discussions with employees throughout the year. No Mid Year or Year End performance rating should ever be a surprise for an employee. Obviously there may be an occasional wild card employee who just won't accept it or get it, but those are few and few.

Perhaps you are not Manager material at this time.

Your assessment, at first, seemed objective, but then it went to attacking people you don’t even know making a generalization, “ I suspect that many of the complainers in this site are these types of workers. They expect to get the highest ratings and a promotion just for logging into the network and attending a team meeting.”
Maybe you should focus on you and leave us out of your personal frustrations

Most managers just share reports showing what their teams have done.

I am going to give my boss a Jira ticket as a simple assignment that anyone on my team can do as we are all crossed trained. But the fact is our manager will fail right from the start. And folks this is the issue with most managers and not all as they do not have the slightest idea how to do our work and as a manager you have to be in the trenches with your team.

Hey Shart, you set the standard. Now we all want an 18% raise for being ineffective narcissists. We also want to pick our own hubs, just like you!

OP suggesting he/she is a manager 😂.

But let’s assume you are:

So you have hired “mediocre” employees, have been unsuccessful in helping them to improve their performance, and have allowed them to continue with “doing the minimal amount necessary”.

I would say your boss has been gracious in allowing you to keep your job.

Boggles my mind that Wells Fargo has consent decrees, an asset cap and a union. My goal is for the firm to be dissolved through a bank merger and brokerage spinoff. I am ashamed of this firm and it's management who seem to not understand why the firm has these restrictions. And no quality advisor would choose to work there.

I'm amazed at all the management that have no clue about what their employees actually do but think they have the expertise to rate those employees on job performance. Somehow they deserve to get paid a lot more than their employees because they know less than the employees they are in charge of rating.

More amazing are executives who think they're worth millions while the stock price continues to drop despite billions in buybacks. They literally have one job, they fail at it and still get rewarded. Then they have the cojones to tell us we're not worth the pennies they pay us.

Then both come here to whine that we're ungrateful with raises that don't keep up with inflation. Yeah, it's so rewarding slowly being drained of all financial resources and job appreciation. Corporate colonialism needs to be buried.

@OP, I not only attended the meeting, but I TOOK NOTES!

Unlike OP, who is definitely exceeding and definitely not complaining LOL

Why does the site attract so many egomaniacal headcases

Unlike, OP, who definitely isn't complaining 😂