Thread regarding Wells Fargo & Co. layoffs

The Layoff Blues

I saw this on LinkedIn. I'm not a member of LinkedIn, but was looking on LinkedIn with a friend. I like this quote, but honestly I am scared because so many people will be applying for jobs. Everyone says the job market simply is not great right now...

Don't be afraid to
start over again. This time you're not starting from scratch, you're starting from EXPERIENCE, (quote from Linkedin).

by
| 1569 views | | 7 replies (last ) | Reply
Post ID: @OP+1tsZRTHN

7 replies (most recent on top)

Loving this thread.. Good luck to all of us (who have been displaced) that may we get a better job which aligns with our future.

Saw this in linkedin "If God can take away that job you never expected losing, HE can replace it with a better job you never imagined having."

by
| | Reply
Post ID: @hdr+1tsZRTHN

@mrr+1tsZRTHN
Congratulations accepting your new job yesterday. 🥳🎉

by
| | Reply
Post ID: @gbp+1tsZRTHN

I was laid off 10/2023 and finally accepted a new position yesterday!!! It is a 50% pay cut from what I made at WF. That being said, it’s a pivot in my career and the only way is up. I also feel like I will truly like this position which is huge. I’m only allowing positive thoughts!

My best advice after being unemployed for 9 months is to be prepared. 1) Have your resume in top shape. I’d recommend a resume review service to give you unapologetic advice - there are many on LinkedIn. 2) Fully update your LinkedIn profile, LinkedIn is not just for job searching, it is for networking. Although jobs didn’t always pan out, I had so many conversations that initiated from LinkedIn that never would have happened. 3) Network, network, network. Whether it be a previous co-worker or your kids soccer coach - you never know who knows who and might have leads for you. 4) In the event you do get laid off, take a couple weeks for yourself to decompress.

by
| | Reply
Post ID: @mrr+1tsZRTHN

Forgot to mention this in my long post below... it was reassuring for me to hear from the unemployment office that they do NOT want you to be under-employed. They don't want you to take a job that's paying less or is giving you fewer responsibilities than what you were doing previously. So collect that unemployment insurance and make your state pay for WF's decisions!

by
| | Reply
Post ID: @yke+1tsZRTHN

Fear mongering around the job market is nothing new. The people getting jobs aren't bragging about their success, so all of that chatter is coming from the folks who are struggling.

I graduated college during the great recession, so it's hard to rattle me (that's not a flex, it's just real - where are my millennials at??).

It's a good idea to save up a little money just in case you want to take a job that pays a little less. However, in all likelihood, you'll be fine. Try to think creatively of some different industries where your skillets would be valued but the market might be a little less crowded. Like everyone is going to be going for banking jobs, but there are so many other industries out there where your experience would be valued. There are a lot of people who aren't taking the basic steps required to get a job now (like customizing your resume and cover letter, for example). The career-transition service WF provides is really useful if you take advantage of it. If you're applying to random stuff that isn't a great fit, you probably will hear crickets. But if you apply strategically and thoughtfully, you'll boost your odds exponentially.

You got this!!! Get that severance, collect unemployment.

by
| | Reply
Post ID: @fos+1tsZRTHN

Here's another encouraging quote from Linkedin...

If God can take away that job you never expected losing, He can replace it with a better job you never imagined having.

by
| | Reply
Post ID: @cnz+1tsZRTHN

It would be surprising these days if you could find another job without having a profile on LinkedIn

by
| | Reply
Post ID: @dwm+1tsZRTHN

Post a reply

: