Thread regarding Wells Fargo & Co. layoffs

Displaced and no luck

I was displaced end of last year, applied for over 30 jobs since January and no interviews, just letters stating I was not selected. How does someone with years of management experience receives “ you were not pick letters” instead of an interview? Especially when I have the minimum requirements for the position and often the desired requirements. I honestly feel like they want me to lose my tenure because of the years I’ve been with Wells. I simply can’t believe it.

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Post ID: @OP+1rXlwf2V

37 replies (most recent on top)

Years of management experience at Wells Fargo? No wonder you’re getting rejected

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Post ID: @1Bata+1rXlwf2V

If I get laid off, I will totally just use my 401(k) to live life to the fullest and then go to Switzerland to die so it’s kinda easy life, when you think about that.

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Post ID: @1Bzxj+1rXlwf2V

Are those 30 applications for opportunities within Wells? If so, consider rethinking that approach and look elsewhere.

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Post ID: @1yqr+1rXlwf2V

@log+1rXlwf2V You have value. You may need to take anything right now just to get some income coming in, but it won't be forever. Take a lower job and continue to look. Use professionals to look at your resume.

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Post ID: @1fbn+1rXlwf2V

Get those #’s up. 30 isn’t enough, Not in this market. It’s a numbers game. Don’t get too attached to any one posting. There’s a rule of thumb 1 month for every 10k of salary to find a job and that’s in a good market. For external job searches-drop the earliest career experience entr(ies) on the resume’. Employers look at that. Ageism is not allowed “officially” but it is done. And yes, you’ll likely need to take a good hard look at leaving the bank. What looks like excellent 25+ yrs experience to you does not translate. They see it as $$$$ or not fresh training/education from a 4 yr institution. Certifications help though. Highlight these at the top of your resume’ and get a headhunter. There are a lot of smaller companies that will pay probably a lot more than what you’re making now for all of your seasoned career and professional experience. This is usually the career point where folks can become Consultants and command healthy money because they have the track record and years to back it up. You would be really surprised. Good luck to you.

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Post ID: @1nvq+1rXlwf2V

If you are looking at another role in banking, start looking elsewhere. Most banks are following WF's lead. Granted, most banks are not as big, but if they can, they will also hire from India, etc.

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Post ID: @1qyg+1rXlwf2V

Same here. Laid off one year ago no luck.

55 yo Male. 25 yr IT experience.

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Post ID: @1lbu+1rXlwf2V

@bgp+1rXlwf2V, I have been told that Wells Fargo does not use ATS for internal applications. But you will still face other problems. Unless you have a good connection with the hiring team, most of the candidates will be selected from the Indian applicants pool. Also if your home location does not meet their future location strategy, you will not be selected. One of my colleagues applied internally last year and got a new job. But his new team was eliminated a few months later. You can try internally, but I am thinking of getting out of Wells Fargo because this company is not going in the good direction as far as I am concerned.

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Post ID: @lqx+1rXlwf2V

@log+1rXlwf2 Keep your chin up; keep going. Plenty of good advice here. Engage professionals to do your resume. Do contract work, whatever you can get. Best to you.

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Post ID: @sae+1rXlwf2V

Does Wells Fargo use ATS for internal postings?

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Post ID: @bgp+1rXlwf2V

: @gjb+1rXlwf2V The reason they say it’s not personal is because it’s not. In order for it to be personal they would have to know you. They would have to care about you one way or the other. They don’t and they don’t.

When you walk past a homeless person without tossing him a quarter, is it personal? Do you like or dislike that person? Do you care about them at all? No. They are invisible to you. They don’t matter. You never give that person a second thought. They are nothing.

Which is exactly what you are to the companies you apply to. Nothing.

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Post ID: @tfe+1rXlwf2V

Well you could always compromise and start applying for jobs where you actually have to go to work.

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Post ID: @mnh+1rXlwf2V

"Smart firms will avoid the stigma of wells Fargo employment...so you have to reinvent yourself. Imagine you're a recruiter who wonders why the applicant remained at Wells Fargo after learning of their malfeasance. Just be positive and sell your qualifications regardless of the wells Fargo curse."

By this logic there's not even a point in applying to anything at all.

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Post ID: @qel+1rXlwf2V

My field's entry level roles are usually preserved for OPT and H1b visa workers. Companies would not hire me for entry levels.

When I was 35, they looked down on me. The comments would be "I am too old for CFA, you?"

When I was 40, I was abused to boost their ego.

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Post ID: @oga+1rXlwf2V

@gls+1rXlwf2V, after building years of job experience on your resume, listing an entry level job will destroy your resume. That's something I would not do.

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Post ID: @syd+1rXlwf2V

@soq+1rXlwf2V, the reason they say it's not personal is because all the screening is automatically done by the machine (ATS). The HR people became so lazy that their recruiting process is now a low-quality mass production factory.

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Post ID: @gjb+1rXlwf2V

It’s awful and companies always say it’s not personal. Of course it is! It’s such a joke. How can employers say they can’t find people when good people are literally getting rejected. I out 100% of the blame on employers.

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Post ID: @soq+1rXlwf2V

Smart firms will avoid the stigma of wells Fargo employment...so you have to reinvent yourself. Imagine you're a recruiter who wonders why the applicant remained at Wells Fargo after learning of their malfeasance. Just be positive and sell your qualifications regardless of the wells Fargo curse.

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Post ID: @gll+1rXlwf2V

No matter how hard it becomes, I would never recommend taking an entry level position. You worked so hard to build your career.

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Post ID: @bmy+1rXlwf2V

Years ago after 1+ year gap (voluntary), unable to even get an interview, told by a recruiter that Resumes with more than a few months gap were automatically excluded from being considered. The old way of assuming that one is qualified should get the job is no longer true. Finally took an entry level job ( only high school diploma required) just to get in the door, and switched 4 jobs thru internal applications. May consider temp or contract assessments just to build contacts. Best of luck!

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Post ID: @gls+1rXlwf2V

Many people are complaining that they are not getting any interviews after submitting more than 100 applications. ATS is responsible for blocking a lot of good candidates. If you Google it, there are some websites that will help you properly format your resume. Don't get too creative or use unusual format on your resume, you have to comply with the ATS required format.

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Post ID: @liu+1rXlwf2V

It's not just about your experience and knowledge anymore, there are other factors. Most companies use Applicant Tracking System (ATS) to automatically screen your resume. This system is not perfect by the way. It behaves in a certain way and also has some glitches. If you don't properly format your resume or don't put correct key words, your resume will be automatically removed by the system. Even if your resume gets accepted, it doesn't necessarily mean you will be talking to a live human. They might ask you to video-record your presentation and send it to them. Then, their AI system will analyze your facial expressions and tones of your voice to see if you are a good fit. Then if you are lucky, they will contact you for a 1on1 virtual interview.

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Post ID: @ofy+1rXlwf2V
  1. Update and actively use your Linkedin
  2. Work with a recruiter
  3. Understand how AI works, and work with it - most resumes are not viewed by humans anymore, just what screens through AI. There are AI apps that help with this
  4. Network with other professionals in your field or skillset
  5. Use a plurality of job seeking tools
  6. Be willing to do new and different things
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Post ID: @xwn+1rXlwf2V

get in touch with a contracting company and have them submit you - esp if you are in tech. that is a very good way to get your foot in the door and have it go to full time.
the contracting account managers usually have face-to-face meetings/lunches w/ the hiring managers.
good luck to you sir - it is a scary place in the US right now.

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Post ID: @iih+1rXlwf2V

DEI has ensured that the straight white male is now the most discriminated against person in the nation.
identify as a trans person and watch yourself get hired immediately

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Post ID: @llx+1rXlwf2V

@znr+1rXlwf2V, unfortunately if everyone is applying to hundreds of jobs, you pretty much have to as well. If any one job has 500 applicants, your being just one of them means small odds. And that's just how the market is right now. To say otherwise is just foolish.

If your particular experience is different, please share it.

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Post ID: @vvd+1rXlwf2V

Pay a service to write your resume - great value.

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Post ID: @gut+1rXlwf2V

I have found in 95% of the cases with POSTED internal positions that the hiring manager already has someone in mind, and are just posting the job to meet any quotas needed before hiring the person they already have in place to take the position. Now if you had JPMC on your resume, you would be hired INSTANTLY :(

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Post ID: @lwi+1rXlwf2V

Surprised your tenure isn’t already gone? How does that work?

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Post ID: @lce+1rXlwf2V

@znr+1rXlwf2V

You can cherry pick all you want, but the reality is in a lot of these cases you may be a perfect fit but the hiring manager already has a candidate in mind (or the recruiters are looking for certain types of candidates) that it won’t really matter. Also, in a lot of orgs they have an ai machine or offshore resource sorting through the resumes and are frankly picking up on the wrong things.

In todays market you have to apply to a lot of jobs.

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Post ID: @bei+1rXlwf2V

Those who are advocating for and participating in applying to hundreds of “jobs” are creating and simultaneously part of the problem. You dolts are applying for jobs. The real folks are cherry picking and applying for careers. Who’s to say the OP hasn’t been cherry picking for the position they WANT vs a job they must have?

But then reading the OPs text he comes off as a bit pompous and I’m sure it comes through in his resume if he’s not getting any interviews. There’s your root cause analysis!

Stay in the bread line chumps!

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Post ID: @znr+1rXlwf2V

@log+1rXlwf2V, consider d-mbing down and/or botoxing your resume if you haven't already. I took a 60% pay cut, and it feels like I'm starting over.

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Post ID: @hfa+1rXlwf2V

30 applications? Sorry, in this economy job hunting is a numbers game.

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Post ID: @cig+1rXlwf2V

I was laid off last summer, applied to
Over a thousand jobs before landing the one I have now. The job market is horrible right now.

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Post ID: @qpj+1rXlwf2V

I was laid off 11 months ago and have submitted over 400 applications and received almost 40 interviews. I make it to the final round on most but they always go with someone else. This even includes for contract roles. I have a very strong resume. The issue? I’m 53 and was laid off. Hiring managers now believe if you were laid off it’s because you were a low performer, which in my case is untrue, though I never really “networked”. Now that I am approaching a year I don’t even get interviews. It amazes me that the last 30 years mean nothing, it was all for nothing. I’ve even spent months trying to get entry level roles, even entry level contract roles. Hey! I’m a bargain! I’ll work without any benefits and for literally 60% less than my previous salary. Yet, if I’m not outright ghosted, I’m told I’m over qualified! Literally the only job I can get is minimum wage. I’ve burned through my savings and have started taking 401k withdrawals. Now that I have a year gap, at 53, I am completely unemployable. I guess I’m supposed to sell my house, rent a room, and work minimum wage jobs now and basically live in poverty? I’ve stopped submitting resumes and can barely get out of bed. Remember when corporations were held accountable for discrimination and things like this were far less likely to happen? I guess when you let corporations rig the system, you end up with the hunger games. It’s been a year of total misery. The endless rounds of interviews and demoralizing experience has convinced me I have no value.

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Post ID: @log+1rXlwf2V

Is it your resume? Maybe it's not getting the attention from the screeners

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Post ID: @xpu+1rXlwf2V

30 since January is not enough. Need to apply to many more jobs as it’s a number game right now. I know people that applied to hundreds of positions before getting a job.

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Post ID: @ltz+1rXlwf2V

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