Thread regarding Wells Fargo & Co. layoffs

No more 60 days notice or severance

The new trend is to fire you for performance. Zero coaching or advance warning. Let say you are rated Meets. During mid-year, you will be surprised with IC or NI with no turnaround plan. It will be some minor issue too like failing to staple your TPS report. WFA is already planning this. It’s evil and they hope you don’t sue.


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| 44 views | | 19 replies (last 27 days ago) | Reply
Post ID: @OP+1krgvrr8g

19 replies (most recent on top)

It’s nothing new! Managers have told me that they must put a percentage of their employees in the IM category even though they may not really deserve it.
They HAVE to pick some. It’s not bs

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Post ID: @x8+1krgvrr8g

100% true, been on a couple of calls. Client Associates are next. I gave feedback that you cannot go from Meets/Exceeds to IM, then fired the following month. It’s a cost cutting effort to not give out packages. Don’t listen to those who claim it’s not rigged. If you want to cut, give out the package but they are being cheap. Fight back and sue. Being fired and laid off are 2 different things.

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Post ID: @qk+1krgvrr8g

: @f1+1krgvrr8g

pretext on a major scale

cat out of bag

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Post ID: @jw+1krgvrr8g

@am “….to avoid severance….” If you can prove that understood. That’s shiesty. But, prove it!? Just because performance based displacements have ramped up does not equal a calculated avoidance of payouts. It is simply enforcement of policy.

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Post ID: @f1+1krgvrr8g

@a8 no one can be a top performer every year. People will have up and down years, others will have an up year while you have a mediocre year. Those that were always a top performer are either lying or was part of the boys club. Now they are getting hit with reality and they are surprised? Please…..

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Post ID: @e8+1krgvrr8g

@ag all this is counterintuitive to the years where it was said that no one can be an exceeds every year, especially after a promotion. People have up and down years just like a sports athlete. But now they want to ignore the trends and just give you a moment in time… the time they had to cut and did not like you for something like your attitude.

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Post ID: @e7+1krgvrr8g

@e3 With all the coffee badging most likely underperforming

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Post ID: @e6+1krgvrr8g

@a8 Or, breaking news! You are actually underperforming

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Post ID: @e3+1krgvrr8g

this accelerated heavily 4Q last year.

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Post ID: @ay+1krgvrr8g

@ac Saying "this isn't new" is missing nuance. Performance based terminations occurred in the past, but there's plenty of evidence they are ramping up on these as a lever for severance avoidance, as their primary attrition is faltering in the face of a weak job market

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Post ID: @am+1krgvrr8g

Ratings have changed for to meets or doesn’t meet. No more range.

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Post ID: @aj+1krgvrr8g

Yeah … no

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Post ID: @ah+1krgvrr8g

They absolutely do forced ranking. They said naturally there are people that fall in the lower 20% and those people need to get IM. If you give all your team Meets you will be asked to redo your work.

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Post ID: @ag+1krgvrr8g

@a8 yeah, that's been done for almost 5 years now

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Post ID: @ac+1krgvrr8g

Its nothing new.

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Post ID: @aa+1krgvrr8g

It's happening, forced / stacked rankings. I was an IM and questioned SR management. He blatantly denied that process is place. The explanation; we have to recognize our exceptional performers and sometimes, as difficult as it is, we need to call out individuals who aren't providing value

Lying bunch of f-tards

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Post ID: @a8+1krgvrr8g

No they aren't.

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Post ID: @a6+1krgvrr8g

Again, try harder @OP

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Post ID: @a4+1krgvrr8g

Which line of business is this?

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Post ID: @a2+1krgvrr8g

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