Thread regarding Wells Fargo & Co. layoffs

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It’s unlikely you can be ‘terminated’ with a Meets rating. You could be displaced in a broader efficiency play.

Termination - no severance

Displaced - severance

So if you just got an IM be ready for termination.

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Post ID: @qf+1kfberhjw

Yes, but at least it (hopefully) means you’ll get severance when they do. Lower than meets they may just fire you and you’re out on your a-s with nothing.

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Post ID: @k9+1kfberhjw

@cc the process for displacement is not a one day thing. It starts at least a couple weeks out. And depending on the level of manager, they are told who, not choosing. The higher level managers give HR the parameters to feed into the selector and if you don't make the cut based on those parameters you are selected.

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Post ID: @jy+1kfberhjw

Of course you can

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Post ID: @fy+1kfberhjw

@ec If you don’t have any facts don’t weigh in. There are people that will be impacted but i guess everyone will need to wait for their number to be up to get their questions answered.. It su-ks but everything else is guessing and could make you unnecessarily stress.

The bright side. No more performance reviews with a ranking system

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Post ID: @fs+1kfberhjw

@e9 Yes, I've known multiple "high-performers" who were displaced. No one is safe.

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Post ID: @ed+1kfberhjw

I doubt they layoff with severance anymore. Since labor laws are not followed anywhere, they can do anything. Government is busy on many things in the world affairs.

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Post ID: @ec+1kfberhjw

@OP
Yes.

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Post ID: @eb+1kfberhjw

@cc is me

I will add this. It has FLOORED me to see some of the people who were cut. There was a woman, I think had been around like 20-22 years, who knew EVERYTHING. Never acted like a know-it-all but people in every level of our process turned to her for opinion, facts and history. Even grammar to reduce odds of kick-backs or questions.

When they cut her it told me they had zero plans to keep control management as an important part of operations.

p.s. my boss did give me a (full) raise, which was very cool (notice date was Dec. 10)

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Post ID: @ea+1kfberhjw

Last year there was a post that someone got exceeds, with a nice pay raise, then were let go two weeks later. Nothing insulates you.

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Post ID: @e9+1kfberhjw

Got my first undeserved IM in three decades. Hopefully this has finally lit the fuse for me, I can't wait to get away from this toxic, unethical, dump.

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Post ID: @dy+1kfberhjw

To a degree your review has nothing to do with being laid-off.

I was given notice at 10:00 on a Tuesday. About 12:30 the day before I messaged 2 of my coworkers that I felt something was up and I was going to be cut. It was based entirely on an obvious change in how my boss was interacting with and reacting to me. One of the 2 coworkers replied they felt exactly the same way.

Well, next day we were both cut. I have zero doubt our boss was told Noon the day prior that he had to cut 2 people. My final review had not yet been shared with me but it had a date stamp of the week prior to my cut date. It was an excellent review. All meets, but meets with some fluff on them.

Yes, if you s_ck you are more likely to be cut.

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Post ID: @cc+1kfberhjw

Answer is yes but you are kind of safe. They will fire all IM/NI first, if they still can't meet budget cut target then they will start to layoff meets. They don't like layoff, they prefer fire.

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Post ID: @be+1kfberhjw

Award for d-mbest question

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Post ID: @ba+1kfberhjw

Yes, whether in India or the US. If they decide to swing the axe, no one is safe.

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Post ID: @b9+1kfberhjw

Of course!

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Post ID: @ac+1kfberhjw

It depends, if you got meets and your boss is indian, you are safe. If you got non meets, and your boss is Indian, you are fired. Make sense?

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Post ID: @aa+1kfberhjw

yes, if you are not meet, you will be fired.

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Post ID: @a9+1kfberhjw

Yes, I got a meets and then laid off days later.

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Post ID: @a7+1kfberhjw

Yep! Performance has nothing to do with layoffs.

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Post ID: @a3+1kfberhjw

Yep. You can get any rating and get laid off.

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Post ID: @a2+1kfberhjw

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