Thread regarding Wells Fargo & Co. layoffs

Recognition Celebration Winners - Commercial Bank - Hypocrites

I find it interesting that one of the Recognition Celebration Winners in Commercial Bank is a Senior Manager with only 4 direct reports. I can remember over a year ago that we went through a "span of control" exercise where you could not be a manager unless you had 7 or 8 direct reports.

We went through numerous gyrations to ensure certain people had the minimum direct reports in order to maintain their manager title. Others including me, had the title taken away. Bitter? Still bothering me? Nah... LOL...

It just shows how ridiculous and hypocritical these edicts are: span of control, return to office, target incentive payments, etc. They are only enforced on some people, others are rewarded, even if they don't comply.

by Anonymous
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Post ID: @OP+1qXnWH0b
Comment! It's anonymous!

11 replies (most recent on top)

Wells Fargo executives and managers are no different from the Washington politicians. They have no morals. They are just power hungry narcissists. Your success depends on your political connections.

by Anonymous
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Post ID: @3obx+1qXnWH0b

Our group hired Directors with zero directs to sit in RCSA workshops! Ridiculous that business case was supported! Also have Directors with 2 or 3 DRs and SMs with 3-5. Did the same sham of spans and layers to layer the favorites to the top into Directors. Protect the SMs and Directors in RCSA workshops to “take notes” while the ICs do all the real work and they hand out low performance ratings when they have no clue what the team is doing. Guess they are all just “exceeding away” at note-taking, getting praised, and getting extra RCSA bonuses on top of being the most highly compensated in the group!

by Anonymous
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Post ID: @1wys+1qXnWH0b

Dotted lines expands influence..min span applies more in ops.

by Anonymous
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Post ID: @1wxb+1qXnWH0b

Since they instituted the SOC in our LOB, we have kept pretty close to that norm. Interesting though, yep, it came about immediately after a large layoff. So maybe it was in the works already.

by Anonymous
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Post ID: @rwe+1qXnWH0b

It's already a loose guideline, we have zillions of managers with less than 7. This is how you know that spans/layers was nothing more than one of the early PR campaigns to whitewash mass layoffs. It's an excuse.

by Anonymous
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Post ID: @una+1qXnWH0b

You do realize that people come and go all of the time right? Re-orgs happen where someone had 10 people and now they have 6. You don't demote someone in that situation.

Honestly, SOC considerations are oftentimes counterproductive. To meet policy you get alignments and team structures that make zero sense. All because HR is pushing for at least 7 DRs. I wish that they would be more pragmatic and use 7 as a loose guideline.

by Anonymous
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Post ID: @zsz+1qXnWH0b

It’s a layoff site in the same manner that facebook is a site about faces.

by Anonymous
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Post ID: @rdp+1qXnWH0b

Isn't this a layoff site?

by Anonymous
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Post ID: @eqd+1qXnWH0b

In my group, have a Snr Manager with zero reports and a Director with 5, another Director with 10 - these are total reports not just directs…. We have people with Principal titles that have more reprts to than these.

No not in prep of a re-org been this way for over a year.

by Anonymous
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Post ID: @cts+1qXnWH0b

Don't worry, they will rectify

by Anonymous
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Post ID: @rgo+1qXnWH0b

Yep, there are many who are not within the 7 span in all parts of the bank. And for YEARS now! Crazy.

by Anonymous
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Post ID: @uik+1qXnWH0b

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