#promotion

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Clues that the layoffs were coming

Let’s talk about what happened in May. I was in the layoff group and I’ll tell you my clues specifically in wealth that I picked up on that warned me ahead of time. Granted I wanted to be laid off so I could leave with severance.

  1. Wealth head’s cryptic email and the news that never came even after months.
  2. Promotions and salary increase freezes because of the pending news
  3. Managers, directors, and VP’s were literally all clueless and left in the dark about any news and left to fend for themselves with questions and comments from associates.
  4. Rumors circulating about the increased number of days in office. VP’s receiving strong messaging to make sure their associates were adhering to connect week policies.
  5. Managers acted like everything was going to be okay and everyone’s narratives were all mixed and based on rumors
  6. Contracts were not renewed for a very large group of contractors
  7. Inner rumblings of turf wars happening between groups within wealth
  8. Wealth head and Abby were radio silent to the broader group of the org
  9. Heavy focus on how AI can ‘help’ associates lighten their load
  10. all hands meetings, syncs, and broad group meetings were out of nowhere canceled stating it would be rescheduled later.
  11. Meeting invite from my manager popped up late evening when we already had a scheduled 1-1 later that week.

Top Heavy & Toxic - Right?

Most every day, right, there's either a Sr Dir or AD role po$ted. RARELY do you see T3 - T5 postings in either Dig Product or Tech, right? Very few opportunies for promotions, right? I do reckon this company (right) doesn't have its priorities straight. The company should be hiring more of the people who are stressing in the trenches while trying to GSD in such a chaotic/'everything is the the top priority', so do it all' environment. It's becoming quite toxic and unsustainable. But...food truck day....right? Ain't it funny how so many people feel the need to include the word 'right' in every sentence? Or is it just me?


New Salary Ranges

Anyone else notice the new pay bands are lower than the old target ranges? Wild that this got sold as “better for employees.” Everyone getting promoted (lol) is starting lower than the old structure would have put them, and new folks won’t know the difference.


Promotions are dead in the US...

I dare anyone to go look for a promotion opportunity on ODW that is within you realm of knowledge/role (the next IC level) and, I'd bet money there are plenty of open positions in other countries... Just not here in the US.

In my org last year, of the 800 or so employees, 99% of promotions were overseas - India, Ireland, Slovakia, Mexico, etc... and maybe 5 in the US. I'd say I'm baffled as to why but I'm not. A single promotion in the US can be used to promote 2 or 3 people in another country for 1/4th of the cost. Which is BS.

They are too cheap to promote the REAL employees simply because they choose to cheap out and NOT promote US employees. HQ is literally in the US and I'd bet very very few of them have been promoted in the last 6-8 years.

What's hilarious is that they act as if being remote is a "disadvantage" because you aren't illegable for promotion or internal movement. Yeah... well, apparently NOBODY else is either if you are in the US.

They take open positions/backfills and literally repurpose them for cheaper countries.


Being too good at your job will keep you stuck

I have seen this happen to several people I work with. They are so good at what they do that management refuses to move them up because filling their current role would be too hard AND they make them look good. They're basically being punished for being competent.


How long do you have to be in your current position before you can apply internally again?

Been with the company for 5 year, first 4 1/2 years in the same role. Applied internally for another role and got the job 6 months ago. I see another role that I think is a better fit for me, am I allowed to apply or do I need to stay longer at my current role?


The mess we inherit when someone gets promoted too fast

I'm watching this happen right now with a person on my team who got bumped up two levels in less than a year. On paper, he looked great, lots of years in the industry, confident in interviews, talked a big game about process improvement. In practice, he doesn't understand the basics of what we do, he's broken two different workflows because he changed things without asking, and the rest of us spend about five hours a week quietly undoing his mistakes. The person who promoted him clearly didn't do any real checking. Now the rest of us are paying for it, and the guy himself is clearly stressed and embarrassed. It's a failure at every level and it happens here constantly.


Why do the people who avoid work keep getting promoted?

I have noticed a pattern that is driving me crazy. The people who are best at dodging work and shifting their responsibilities onto others seem to be the ones getting promoted. At the same time, the dedicated employees burn out and leave, and eventually nothing gets done. Is anyone else seeing this, or is it just happening in my corner of the company?


LL6 to LL5 - what to expect from offer and negotiation?

Was asked to persue this. What are the real upsides? I read 15-20% base pay jump based on quartile (I’m in top already)? Seems slight for the order of magnitude of workload increase I may see. If offered has anyone negotiated up, and to what? (30% was my gut)? To what %? And beyond base pay what perks are LL5 to offset the (seemingly) minimal pay bump?


Hipos ruining Permian Opportunities

Permian has become a place hipos have to punch their ticket. This means the rest of us no longer have opportunities for career advancement as the roles for higher CL are all being taken by hipos cycling in and out. If you are in operations forget ever being able to get that promotion. You deserve it and would do a better job than the clueless hipo but you will never get the job.


The Spotlight Scam: Ranking, Rewarding, Re‑Ranking

It’s a dirty game. They rank their own favorites at the top, then use those inflated rankings to hand them spotlight roles, visible projects, keynote slots, everything. And because those opportunities are handed to them on a silver platter, they get ranked high again. It’s a sick cycle. I wish some one tells new hires its not about your work its the way they choose to see your work


Salim Ramji: 2 year Report Card?

Salim will hit his 2 year mark at Vanguard in a few months. I left the organization mid-2025 and had already noticed a lot of change since he joined, especially in leadership and organizational initiatives. From a Crew perspective, do you think Salim is an improvement over Tim? Do you think his outsider status could make him more likely to go after benefits, partnership, etc.?

My own perspective: Over my years at Vanguard there seemed to be less of an emphasis of developing and promoting from within. This accelerated massively over my last year.


Similarly to other post, Fiserv promotes DW AGAIN!!

Failing forward over and over and over! He knows nothing about Core - epic failure! And we decide to give him a segment that was making progress?!? Him and his band of losers he drags around will ki-l this segment too. High performers won’t stay under his watch. Nice job Fiserv!!! Oh and ask clients, major dislike across bank and credit union!!! No credibility! Get out if you’re a high performer