Thread regarding Wells Fargo & Co. layoffs

New hire on my team

I always thought my small team could be on the chopping block but we just hired someone to backfill an open position so this tells me we are safe?

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Post ID: @OP+1sEYHLqL

15 replies (most recent on top)

If not core hybrid worry. If core hybrid then less worry.

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Post ID: @2fwt+1sEYHLqL

New worker is probably cheaper and younger. Just like your fav sports team, younger players are cheaper, the old vets have the bigger contracts and bigger target.

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Post ID: @1vqt+1sEYHLqL

All depends. Is anyone left remote? Any of them not at a core hub? Even then they may cut if they decide they don’t want folks at that hub.

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Post ID: @1ayl+1sEYHLqL

I am remote. We are hiring hub employees, so the writing is on the wall

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Post ID: @lyj+1sEYHLqL

I am currently training my replacement, I just a gut feeling.

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Post ID: @uaq+1sEYHLqL

My replacement was hired on our team. They didn't call him that, but I just know.

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Post ID: @dhx+1sEYHLqL

Only the customer can guarantee your job. - Michael Hammer

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Post ID: @fit+1sEYHLqL

Forefilling for layoff

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Post ID: @lxl+1sEYHLqL

Two days after my start date the two people that interviewed and were supposed to train me were laid off.

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Post ID: @jet+1sEYHLqL

My team was actively hiring at our location until the day we were all laid off in stages (some laid off that day, others three months from then, some of us six months from then). Our direct managers didn't know about the layoff until the night before. It was business as usual until the executive signed on the dotted line. This was at Barnhart in Oregon, August 2023.

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Post ID: @cty+1sEYHLqL

My team recently expanded by as many as we have remote workers not in core/specialty. I’m one of the remote worker.

If I was betting, I’d bet they are being trained as replacements for us in the next few months.

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Post ID: @eql+1sEYHLqL

Same on my team due to someone quitting. My manager says we are "ok for now".

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Post ID: @yiz+1sEYHLqL

Us too... We layoff one remote non-core, hire two at a core location.

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Post ID: @oyr+1sEYHLqL

They did this on my team too, but not to backfill. I think it's preemptive. They know they'll lose a handful of remotes on our team. It almost seems we are overstaffed at the moment.

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Post ID: @xtl+1sEYHLqL

It's not a bad sign, but definitely not sure fire protection either.

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Post ID: @esr+1sEYHLqL

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