Thread regarding Wells Fargo & Co. layoffs

Re-hiring freeze 12 months

I was released during the November cuts. I posted for multiple jobs within EIT(STAR, FTE,ETC..) to anything suitable with little success. I confirmed with a recruiter today, that there is a 12 month cool down period for any previous team members. So....try not to take any lack of response personally, it's not you... it's just more lies masquerading as positive intent. I hope everyone is finding a new positive environment to pour their skills into. All the best!

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Post ID: @OP+Xz05d5C

14 replies (most recent on top)

Im a Wells Fargo employee & my branch just got a 6months notice of us being laid off for the branch closing in May. The higher ups told us we were going to be ok if we wanted to stay working for the company. Yet they said they won't open jobs for us to apply. All this in the same sit down group meeting. So misleading & messed up they seriously think were fools. Now there is word out that there is a "hiring freeze" meaning no hiring until we are closed & out of the job. I really need to get a lawyer asap this sounds so wrong.

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Post ID: @5izqg+Xz05d5C

WFA's new "Next-Generation Talent" would be better named "The Nepotism Scheme." Have a parent who happens to be an advisor? Wells will hire your unlicensed, unqualified, "tired" (can't get to the office before 9am) millennial adult child and let them start above licensed, experienced support.

The one characteristic of all new beginning FA's is that their greatest accomplishment at the time of hire is having a successful parent in the business.

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Post ID: @3vfaw+Xz05d5C

The cold hard facts announced by Wells Fargo in 2018 is they are laying off 26,000 employees after hiring HR brains of Walmart. It has created a horrible workplace environment and was promoted by CEO Tim Sloan (self proclaimed "I have the support of my team"). Tim Sloan is gone but his legacy and HR decisions haunt Wells Fargo and moral is horrible. Jobs posted on Wells Fargo Careers are mostly bogus and don't reflect reality. Former Walmart employee David Galloreese runs HR and has brougth the horrible human suffering of Walmart to Wells Fargo - layoff announcement in 2018 came shortly after his hiring. The culture has eroded to the point that noboby will even take the CEO job for 30 million a year.

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Post ID: @3jlfd+Xz05d5C

I know someone laid off 3 times. Severance was only 2 months (less than 5 years with Wells), so it was difficult for him to find a new role outside of Wells that quickly. So he took a role inside, knowing he'd likely be laid off again, because he'd be last one hired on new team. He continues to look outside. It's been heartbreaking to watch him and others make difficult decisions. Wells doesn't care what it's doing to team members. It's all about the benjamins. I realize it's a business, but they aren't even treating team members with respect and honesty. WF's unethical decisions and actions are the reason for these callous cuts.

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Post ID: @5xsl+Xz05d5C

No such thing as a hiring freeze for 12 months....maybe you’re in a do not hire list? Remember if you’re in severance you have 6months to get back in to maintain your tenure/yrs of service

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Post ID: @4gdw+Xz05d5C

In marketing they interview internally so they can check that box, but with no intention of hiring. I agree with the poster who said best to take your severance and move on. Why would anyone fight to stay on at Wells now? Even if you do find a new position, people have been laid off multiple times. Do you really want to live like that?

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Post ID: @2vio+Xz05d5C

Hiring is biased and influenced by having known someone whom they've worked with before or recommended by someone they know. Unfortunately, this leads managers to hire safe bets and avoid interviewing candidates and drag out the hiring process.

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Post ID: @2utc+Xz05d5C

This is so true. I applied for a position on a Monday which was the first day it was posted. The posting was open for 5 days. On Thursday, I received an email blast announcing the new persona that was hired. There’s no way anyone can review all eligible candidates and go through the interviewing, hiring process, background checks, etc unless the game is rigged. All I can say is WF is an Unequal Employment Opportunity Provider.

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Post ID: @2whx+Xz05d5C

@insidethecoach

There is funny business going on. There are absolutely some rigged requisitions out there where displaced team members aren’t being hired and less qualified folks are getting jobs they don’t deserve. In some cases, teams have even went to hiring temps rather than opening STAR positions. So while I’m not sure about the validity of the “freeze” there is without a shadow of a doubt some scheming going on and displaced team members are not being moved to the top of the list at all. That is all a sham to sell the layoffs.

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Post ID: @1tcy+Xz05d5C

Don’t believe it at all. I’m hiring and plan to replace with those that were displaced. Sounds like someone doesn’t want to have that honest discussion with you.

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Post ID: @1jfs+Xz05d5C

This explains why I got zero response to jobs I applied to that I was fully qualified. I quickly learned it was a lot of effort with little to no chance of getting an interview at WF. I found much better success with the banks across the street. I had multiple offers for 20+% over what I was making at WF. My advice, take the severance and go work for a competitor.

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Post ID: @1vvn+Xz05d5C

I can’t imagine why a recruiter would admit that. Sounds like a lawsuit waiting to happen.

That said, I absolutely believe it’s taking place. Conveniently enough, after 12 months you lose your tenure.

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Post ID: @1imj+Xz05d5C

How horrid! I was laid off in Nov. and found another job st WF. When did this 12 mo. cool-off period start?

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Post ID: @1pkx+Xz05d5C

Cool down period? What does that even mean?

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Post ID: @1lkr+Xz05d5C

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