Topics regarding layoffs at Wells Fargo & Co.

Topics regarding layoffs at Wells Fargo & Co.

Hiring freeze?

Is there some sort of hiring freeze going on right now? The job board has nothing right now....

Layoff timeline question

Can a team post for a lower level job (P4) , and layoff someone at P5 around the same time? If there a time period they must wait before they can pay someone off after a new hire?

The new normal

Why are all the operation jobs in India? You barely see any execution or accountability roles in the states anymore.

Severance package reduction

Boss told us severance package payout is reduced from 2 weeks to 1 week per one year of service. Can someone confirm?

Site closure

How many site will be closed in 2025 on top of SL office?

Layoffs this month

Significant amount of folks will get laid off this month. Wellsfargo wants to save the bonus and 401k $. Sorry folks you are fired.

Do not let company dictate your worth to you

I learned that my stress over reviews went down dramatically when I stopped thinking the review was about me. It's not about me. The reviews are all made up now, and everyone needs to accept that reality. They are made up and have no bearing on your... — read more 

It's the season of retiring CEOs

Stellantis CEO retired (or was pushed out) in the auto industry. Intel CEO retired (or was pushed out) in the tech industry. All in just a few days. Is anyone else feeling hopeful that Charlie could be the banking industry's next representative in... — read more 

Sunday office

Does Sunday count as an in office day for the three day a week requirement? I asked my senior manager and they have no clue.

Upcoming reduction

Get ready for the “annual performance review,” carefully crafted by sickening management team to make you feel like you are on a reality show where the prize is getting fired.

Give Thanks

It is essential to acknowledge the continued existence of WF and its practices of nepotism. Employment decisions appear to be influenced more by personal connections than by individual performance. For instance, consider LI, which appointed an... — read more 

So many folks are leaving for lower pay

Charlie has accomplished the impossible. He’s created such a toxic atmosphere, filled with constant fear of layoffs, that people aren’t even looking for higher or equal pay when they leave. They’re content with anything, even significantly lower pay... — read more 

Sitting them out this year

I have attended virtually all of our past "holiday" gatherings thrown by our department and our division. BUT, my last 3 reviews were lowered to "meets". A pretty big change from the past. I've decided to skip the upcoming MEET and greets (three... — read more 

Lemons

I called it. TK posted about her lemon tree on LinkedIn. Did you get your thanksgiving lemon? I bet SVB got a bushel of lemons.

Prepare for major cuts

If the pattern of the past few years holds, we’re about to face major layoffs. Charlie doesn’t care about the holidays, all he cares about is the bottom line.

Severance Pay Schedule

Does anyone know what the severance pay schedule is if layoff date was 11/15 (non-working notice 9/17)? On 11/15, I received higher than normal pay, which I assumed was unused PTO, plus the start of severance. It was off-cycle, and I didn't get... — read more 

What bonus?!

I’ve always done QA but in Roanoke and any job I’ve never gotten a bonus since 2005. Or cost of living..

Looking for a fresh start

I’m over being stuck at Wells Fargo. I’ve been hunting for something new, but the job market’s been tough. Despite that, I’m determined to leave before next year. I need to get away from this toxic culture that’s drained me. Merit doesn’t seem to... — read more 

DEI thread removed, but not right awsy

It sat around yesterday for hours and to my eye didn’t have any problematic content. Not my thread. How does editing by TheLayoff even work? How do they decide? Does WF secretly get live item veto under threat of slander suits? I can’t remember if... — read more 

Forced inconsistently meets

Buckle up everyone! 2025 is going to be more exciting than ever! Prepare for more dishonest performance reviews and an increasingly toxic culture shift as managers look to find ways to give inconsistently meets for 10% of their teams, regardless of... — read more 

Accommodations

Is it worth submitting an accommodation for a renewal? I hear they are just denying them but then I hear of a couple people getting them approved. Don’t know if I want to waste my time & deal with more stress. Or does it really just depend on your... — read more 

Let go today

My manager laid me off today. What a surprise right before thanksgiving. Su-ks. LOB is Technology.

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