Since when did it become expected to have layoffs every Tuesday? Yes, we've been having more cuts than usual but I honestly think that people who keep saying to expect layoffs EVERY Tuesday are exaggerating. I don't know what some people get in their lives from scaring other people, but they should probably find better ways to feel good about themselves.
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OP - nobody ever said it's every tuesday - it's every other tuesday, following payday, with a break at the end of dec and beginning of january.
it's a published schedule that managers see. not a myth.
There are so many layoffs planned they spread the workload out for HR's sake.
There are so many layoffs planned they spread them out so the people left at WF can adapt to more work, covering for the ones let go.
No actual insight, just a guess.
The termination process is automated. It is a workflow in a tool. Terminations were a DAILY thing way before any of this layoff stuff came to surface. They have been doing this for years now. If you're currently working know you're being strung along. Just imagine how much the volume of terminations have increased. I remember the groups would "team up" on processing termination tickets to increase their numbers before the end of the month so management was happy. Just one of hundreds of ways these "teams" operate. Find ways to inflate numbers. Nothing has changed. These bull cr-p metrics that are used to terminate people and set you up for failure are bogus. The chimps leading this effort are well aware.
OP.. This is a layoff board. We talk about what we have experienced, what we are seeing, what this bank is doing, and where we think this bank is going. We talk about "quiet quitting", "quiet firing", RTO strategies, efficiency strategies, tech, and AI.
It is a reality. Not in my immediate area but around the banks hundreds are being displaced every other Tuesday. We do analysis on staffing for a very large area of the bank. Numbers don't lie.
If you don't want to live under constant threat of displacement WF isn't for you. Regardless of your performance or how many billions WF banks each quarter the cuts will continue.
It's not every single Tuesday after a payday, just most.
I take issue with you telling me that what I am seeing, firsthand, isn’t true. Gaslight much? Layoffs are occurring every Tuesday after payday.
Bro you do realize this is a LAYOFF board, right? We talk about what we see, what we experienced through others being laid-off and what our leaders and LOB hint at us. If you dont want to hear about it, then dont be here....
Right. Every other Tuesday after payday. Instead of stressing about job loss, stress about applying to other roles while you still have yours. Find a way to de-stress after work and reset. It's going to be a challenge, but with planning - it is possible to find a different role with a better org.
Well, it is a Layoff Board after all...
It's not every Tuesday, it's every Tuesday after a payday -- And it's not exaggerating -- The company set aside 3/4 of a billion dollars for severance and exit expenses this year and it's already in full swing to spend it. It may take a year or more to get the numbers down to what they want but it's happening even if you don't see it.
I don’t know why we keep saying layoffs happen every other Tues after payday… maybe because it’s been happening for almost 2 yrs now…