I have been with WF a while and used to love working for this company. Now we are just a number that can be displaced or fired at any time without a second thought. Most of the time there isn’t even a notification that someone will be leaving, you just see the dreaded zz by their name in email. For those of you that have left the company, either voluntarily or involuntarily, what are you doing for a career now? Did you stay in financial services or go do something completely different?
11 replies (most recent on top)
I was just shy of 29 years when I left. I retired, got a new position and while still in a financial services business totally different from WF. The salary and bonus structure and heads and tails above WF and the benefits are aces. I’m still asking myself why I didn’t t do it sooner.
36 years and got laid off. 12 months severance 60 day non working notice. 3. Months unemployment. Will start drawing off my million dollar 401k. Could not be happier to leave this s&it hole
Laid off last year after more than 20 years. I was fortunate enough to have 2 offers lined up inside my working notice and took the more comparable one, closer to home. No paycut. 😁
Still a financial services company but NOT a bank. I double-dipped for a LONG time and it put me way ahead. The culture at my new place is exponentially better and I don't feel the pressure building in my chest from stress anymore.
Retired and rolled everything over from manpower to several investments accounts utilizing a financial advisor. Surprising annual rate of return is between 17 and 20.87. Manpower resulted in a terribly low ROI. Hindsight I should have only put the min to match. In a nutshell, I'm earning more than my salary was at WF. I'm so happy I left and finally get good sleep.
Meh.
I was with the company as a 'Teammate' for 29 years. No complaints. The last several years, the raises an bonusses were weak tea, But, I didn't care and soldiered on.
I gave up a cushy government job to come to wf. When they 'whacked' me the second time, I looked at my age and my savings, and 'heck with it, I'm done' and retired.
and BO-M.
Cheers!
Sigh. 80% or more already know the layoff is coming. The “when” is unknown. Just read the email from your lob Feb 2024 and you know about location strategy.
Retired - sick of being worked to death by corporate overlords that don't give a cr-p about their people. BTW, this is true across the Banking industry and many others, so while WF's flavor of torture was particularly bad, it is not uncommon. I worked for a few small companies during my career, and those were MUCH better experiences.
I was displaced in the spring and went to work after my notice period at a small credit union. Longtime friend had wanted to hire me, so I took him up on it once I got displaced. I had nine months of severance, so double dipped for quite a long time. Took a big pay cut, but remote with good benefits and the CU has no issues.
That's what's funny. The only thing has changed is that they are more open about saying you're just a number. The old guard just tried to hide it better.
You were always a number.
my feel is this is not the norm - i am able to start a contract position the week my non working notice is ending and i have several interviews for permanent positions.