I’m not a WF employee but I just got an interview there and would relocate. It sounds like it’s a mess, but is maybe that’s not the case in Minneapolis? Also, how do people like Minneapolis? I would be coming from the west coast.
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Personal lending department had a bunch of layoffs last week. Offshore teams kept their jobs. I would steer clear of Wells Fargo at this time.
As others have pointed out, your prospects will be much more LOB specific rather than location dependent. The company has been going through massive restructuring with teams constantly being shifted around, downsized, and occasionally eliminated. I don’t think this pattern is going to end anytime soon. It’s a volatile environment across the company.
However, the fact that MN is a core hub for most LOBs means there may be a number of other opportunities within the company that you could jump to if/when things go south in your current team.
I was remote for a long time and then told to RTO to downtown Minneapolis. At first, I hated it but now I dont mind it at all. Depending on how far away you move from downtown, the commute isn't terrible (recommend the East side), and the skyway system makes it feel safe to walk to/from your car or public transit.
Go to another company. That’s my advice
your job will never be completely safe. What is the position?
The Twin Cities are great! Minnesota is great!
I don't recommend WF. Look at all the vitriol posted here. That's how it is.
- 10 F ....... Enough said.
I have worked for the company for 7 years and personally would never relocate for Wells Fargo. This bank is a mess no matter the department you’re in.
@ouw+1syC0us7
Ok, thanks for playing.
"I'm remote in Minnesota (and waiting for the layoff). I was asked if I would relocate to MPLS. I said no the crime rate is skyrocketing out of sight. The city can't hire cops and can't keep the ones they have. The city council is openly hostile to the cops and is trying to get direct oversight of them instead of the mayor's office. The mayor is weak, and the city council bosses him around."
I would agree with this. The Mayor s a clown.
"The state's major company, Target, pulled out of MPLS and moved its headquarters to the suburbs. This caused a major collapse of small businesses in downtown MPLS."
False. Target moved out because they needed more room from City Center. Plain and simple. They built that new facility long before Mpls had the problems you are spewing.
I have neighbors who bought their place right before the riots, they were planning on taking a month or so to paint, remodel, etc. Instead, they threw the kids in the car and left, and never looked back.
Um, you stated you are remote and they offered for you to relocate to Mpls. Besides, who cares what other people do? That is them, not for the OP.
The population of MPLS is declining since the riots but not as fast as the exodus of cops.
What LOL. I don't think you can compare the exodus of people leaving mpls FOR WHATEVER REASON to all the cops that have retired, left due to stress, or got out, etc. Your talking like 1/3 of the cop force, which is really maybe 300 from a force of 900 something. Pretty weak argument, dude. Stop it.
"The company can't even guarantee employee safety at work locations. The current government of Minnesota isn't interested in fixing this situation and may be actively promoting it."
Utter speculation. What facts are you working from that says employee safety is at risk? Sure, It is more dangerous walking around downtown than driving to work in the daytime. that goes for ANY city in the U.S. But yeah, your right, the Government WANTS you to feel unsafe and ignore the push to get workers back into the office for economic reasons.
OP,
Don't listen to the blowholes on here. Do your research and due diligence and find out if it makes sense to take the job. Check out other cities, look at employment trends, community trends, etc. Twin-Cities is a good place to land and if you lose a job, as there are other good companies to land with here. Just go live in a suburb, you will be happier.
Me? Born-raised here. Moved away for 6 years and came back to start a new career (not here tho, that came later).
It's interesting they order the flags to be at half mast about every 6 weeks. Why? To honor the fallen police/firefighters https://wjon.com/flags-lowered-to-half-staff-in-minnesota-wednesday/
Why move to a dystopian employer in a dystopian place?
I'm remote in Minnesota (and waiting for the layoff). I was asked if I would relocate to MPLS. I said no the crime rate is skyrocketing out of sight. The city can't hire cops and can't keep the ones they have. The city council is openly hostile to the cops and is trying to get direct oversight of them instead of the mayor's office. The mayor is weak, and the city council bosses him around. The state's major company, Target, pulled out of MPLS and moved its headquarters to the suburbs. This caused a major collapse of small businesses in downtown MPLS. I have neighbors who bought their place right before the riots, they were planning on taking a month or so to paint, remodel, etc. Instead, they threw the kids in the car and left, and never looked back. The population of MPLS is declining since the riots but not as fast as the exodus of cops. The company can't even guarantee employee safety at work locations. The current government of Minnesota isn't interested in fixing this situation and may be actively promoting it. So other then all that MPLS is a "great" place to work.
If they extend you an offer, make sure you check market rate. Wells has been lowballing people left and right lately.
There are a lot of unknowns with your question. Just make sure that you don't end up 'stuck' if let go sooner than later. I was based out of Minneapolis for many years. It's an under rated city and I enjoyed it a lot, but I have not been there since the riots. I've heard the loss of police in Minneapolis has changed how safe the city is. Suburbs are still mostly safe. If it's a job that will add to your resume and pays enough to cover your costs of moving, then go for it. The job market is tough right now, it may be worth the chance.
Gonna be more your LOB than the location. Mpls is core hub for a lot of LOBs.
OP, it’s a turbulent time here at WF and yes there are layoffs there. Taking the position could go gangbusters (getting in now there are loads of shuffling and positions opening up) and rocket you up the chain. Or it could come with extreme toxicity and a near future layoff.
Choose your own risk level with your options. Make sure moving to MN is something that can lead you to future happiness or moving back/elsewhere will not be a burden if laid off soon.
OP follow your dream job, even if it takes you from the West Coast to Minneapolis, or even one day India or The Phillipines. Good luck with that. Sorry, I'm actually surprised the job isn't already being offshored to India or The Philippines.
If you want to work for a company that openly lies to its employees... this is the place for you. I've been here 25 years and it's a complete cesspool. Worst management imaginable. Good ones are waiting on packages or leaving.
From another post on who got hit by layoffs today..
Billings, MT Equipment Finance property tax got notified of jobs being posted in Minneapolis and the requirement to train replacements.