Thread regarding Wells Fargo & Co. layoffs

At my breaking point

I can’t do it anymore. This job has completely su-ked the life out of me. I started working for Wells right after college, so this is the only job I’ve ever had and I’m not sure what to do now. Given the current job market, what can I do to get out of this toxic environment and leave this company forever?

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Post ID: @OP+1r0naZSp

21 replies (most recent on top)

I don't know how long you have worked for at Wells, but I can tell you if you're pretty young like me, it's worth it to find another job. I graduated college in 2022, went through some tech program here and answered a few questions about roles that I would like pursue and I was guaranteed I would at least get what I asked for and be trained in it (spoiler alert i got swe, a role i didn't express in interviews). 3 months into my job, my manager decides to call me saying we have decided you will be a software engineer on x project. I was upset because program analysts were asked to write what things they would be interested in. Believe me, I tried to learn swe skills, even though I was better at data analytics and had taken classes related to these concepts. After a year and some months, I knew I was not happy with my role and would be at risk for layoffs so I applied elsewhere got a few offers, despite this, left my role here at wells due to other reasons as well. Now I am also, pursuing a masters degree to further my skillset and have an internship that pays me more that more than what I made at wells and luckily a position that aligns with my roles. You have to be willing to take risks. Working here can open doors, but don't stay because it is Wells. Search for roles and when you get one, leave.

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Post ID: @2uac+1r0naZSp

Quiet quit until you find 1) remote role and/or 2) much better company. Ideally try and get as close to current salary as you can, but even if less, don’t sweat it b/c you will be much happier at another company.

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Post ID: @1rsa+1r0naZSp

@1cpa+1r0naZSp The “golden handcuffs” applies to lower level employees too. Wells pays slightly more than competitors because they know the only way to endure their culture is while handcuffed to the stagecoach, being dragged through the rocks and rubble

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Post ID: @1jeb+1r0naZSp

@mfw+1r0naZSp

This is a sad reality. I and a few I know have talked to external recruiters and at least lateral jobs (mid-senior level) at other companies pay less.

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Post ID: @1cpa+1r0naZSp

Give me a years severance or give me death!!!

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Post ID: @1jqz+1r0naZSp

For mid to senior level roles, WF pays very well, so you might have a hard time finding something comparable. It is a toxic place IMO, so there’s a lot to be said for one’s sanity and happiness. I have quietly quit and will ride it out for a few more years ‘til retirement or displacement. I earn a good salary and get a good bonus, aside from that the benefits are sub-par. I would suggest quietly quitting and looking for other places to work that are close to what you earn. Also look for remote. Most places seem to be hybrid but there are still places on LinkedIn that are remote. Best…

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Post ID: @mfw+1r0naZSp

OP, I quit this past week as did two other longtime employees I know. This is a very distressed organization that is chewing good people up and spitting them out.

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Post ID: @pmd+1r0naZSp

OP, please do not quit. That is what they want us to do so they can save money on not paying out your severance. This is especially true for anyone who has been there for a lengthy time. Take a few deep breaths. You got this! Take this time, as others have said, to learn new updated skills, update your resume and prep for interviews.

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Post ID: @kxr+1r0naZSp

Make a cost-benefit analysis of staying (quietly quitting) or leaving.
Costs:

  1. Loose severance
  2. Find a new job. Update resume, interview, update your link-in profile, etc
  3. cost of not working

Benefits

  1. Sanity
  2. ability to work for and accrue benefits (severance) at another employer
  3. work on, employ, and/or creating up-to-date technology

Everyone needs to update their skills. AI (with or without the offshores) is coming to replace you.

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Post ID: @acl+1r0naZSp

@xne+1r0naZSp

Wells Fargo’s benefits are mid and the company is paying tenured employees well below market value because they want them to leave.

Just because there are worse jobs that doesn’t mean someone should stay in one that is making them miserable or work for a company they feel is mistreating them.

@OP, ignore the trolls like the d0u€he-canoe above. Finding a new job will take some work, but it’s worth it. Believe in yourself. You can do this!

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Post ID: @odw+1r0naZSp

@bdr+1r0naZSp
Thank you! I needed to read that.

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Post ID: @oks+1r0naZSp

You have skills! Take a deep breath,know your worth, and figure out next steps. It is easy to think your skills are industry specific, but they apply to other industries as well! The ability to think and write well is transferable anywhere! You got this!!!

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Post ID: @zpa+1r0naZSp

“Given the current job market”? Unemployment is near its all time historical low and even the monthly layoffs are below the pre-pandemic average.

Most people have to work in jobs that they don’t love but it pays the bills (and WF has good benefits). Watch a few episodes of “Dirty Jobs” to see that your job isn’t so bad. Try a combat tour in the Marines and maybe you’ll get a proper perspective.

Are you upset that you have to come into the office like generations have done? Are you upset about layoffs which every big bank (except BofA) are currently doing? Are you upset about the offshoring of jobs which big companies have been doing longer than you have been alive? Are you upset that you can’t afford avocado toast every day? Are you upset that you actually have to work for your paycheck and the fruit of your work is just “thorns and thistles”? Welcome to the human club. 100 billion of us have had to endure the su-k of work.

Read Brent Gleason’s book “Embrace the Su-k” and get a new perspective.

Most will downvote this post but someone might read that book and change their life.

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Post ID: @xne+1r0naZSp

How did you get this job? Don’t let this place determine your value. You’re in an abusive relationship with a partner who has completely undermined your self esteem. The new graduate got out there and hustled up a job. So will the person with seven years under their belt, once they stop hearing that abusive partner in their head

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Post ID: @bdr+1r0naZSp

go to twitter/x search and enter #ChatGPT #findjob Learn how to get your resume, your capabilities, and your cover letter in order. When they laid me off I had some gigs within weeks.

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Post ID: @fze+1r0naZSp

OP, I've shoveled sh-t at places with more corn than WF.

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Post ID: @tzp+1r0naZSp

Get your resume updated and out there. Even if you have to take a paycutt, minimal, go for it. Before long you will be back to what you were making here. You may have opportunities for advancement financially and/or promotions making you more valuable in the work force. Once you have moved on from WF, don't stay in one place for more than 2-4 years. Keep moving and growing. Good luck!

Important: never stop saving for retirement! If not through company 401Ks (roll them over when you leave any company), IRAs. etc.

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Post ID: @czd+1r0naZSp

I hear there doing a lot of hiring in HYDERABAD, K7, India.

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Post ID: @znp+1r0naZSp

You are not alone. Every other Tuesday, if you are in a toxic team or not, we wait to learn our fate. Unsure of your next move? Brush up on your skills, learn new ones - via the bazillion courses available to us. Angry, burned out. Use your benefits! Take FMLA, call EA get counseling. Use your volunteer hours to discover a new career path while giving back and then update your resume with your new career goal. Above all, don't quick on yourself!

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Post ID: @hqj+1r0naZSp

Quiet quit. Do the bare minimum. Just enough to not be put on a PIP, but nothing more. Laugh all the way to the ATM.

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Post ID: @bxf+1r0naZSp

Just start looking and researching other companies and get your resume in order.

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Post ID: @zhj+1r0naZSp

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