Thread regarding Wells Fargo & Co. layoffs

Layoff criteria

What are the criteria determine if someone gets laid off? Is there an algorithm? What level of management determines the people who are laid of, senior manager, Director, or several layers above?

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Post ID: @OP+1t0mr9zR

12 replies (most recent on top)

Location. Age. Race.

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Post ID: @5vnk+1t0mr9zR

What your describing is the order in which layoffs will happen, not whether they will happen or not. Eventually they will get to just about everyone in the US that doesn't absolutely have to be here. Once branches and mortgage are no longer a thing here, we'll probably have just a couple thousand domestic employees. All the rest of us will be gone due to AI, automation, contacting and outsourcing.

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Post ID: @1wvp+1t0mr9zR

If in non core city, 100% chance of being laid off (less than 25% chance of being asked to move).
If in core city, I have noticed white males older than 50 with decades of Wells experience getting laid off
Feel free to downvote my observations but that doesn't negate the facts of what I see.

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Post ID: @1ryw+1t0mr9zR

I don't think there should be laws against quid pro quo. If I'm a manager and want to have my way with a direct report in exchange for work favors, that's my business.

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Post ID: @1lpa+1t0mr9zR

I was told it was zip code, hence “location strategy “

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Post ID: @1lfg+1t0mr9zR

From what I've observed - highly paid employees are let go. At first I was shocked - why are you letting go of high performers when there are plenty of slackers? Then I realized it was all about that chunk of change.

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Post ID: @fmu+1t0mr9zR

The criteria is you OP. Low enough IQ to ask, low enough IQ to be laid off and “never saw it coming!”

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Post ID: @bbk+1t0mr9zR

In my organization, they select targets based on skin color and submissiveness. It’s Technology organization.

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Post ID: @fpe+1t0mr9zR

Executive passes down the order but not names. For example, "cut 10 headcount or 10%, etc." Directors seem to be the ones that try to figure out how to meet that order. Criteria could be performance, experience, job title, location, etc. If a given department manager has more employees that meet the criteria than need to be laid off they might get some say in who stays and goes. But by that point there's not much authority to change it.

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Post ID: @xhv+1t0mr9zR

This can't be a serious question for someone that works here

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Post ID: @kyi+1t0mr9zR

At the end of the day, it really doesn't matter how/who/when. Us peons have no control and cannot prepare in advance. We can only think in terms of the larger narrative (layoffs over the next 2-3 years). Management is way too unreliable and so poor at executing plans in a thoughtful and timely manner.

Good luck if that is what you need.

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Post ID: @cny+1t0mr9zR

You have to be located in the United States. Once laid off, your job moves offshore.

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Post ID: @vgz+1t0mr9zR

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