Thread regarding Wells Fargo & Co. layoffs

SMH, you malakas still don't get it....the job market is sh--e because those jobs have disappeared due to offshoring or automation. When the economy rebounds, there will be no flood of jobs, there will be no comeuppance for the WFC C-suite.

Your only hope of survival is to up or cross-skill yourself into an area that does and will continue to have demand.

@bp what value?

Too many managers and people in so called support roles. If you are not producing results weekly you are going to be history. If you entire job is basically summarizing the work or few others, you are history. Start looking for another job or stop feeding off of others and start adding REAL value.

@a5 think you have it reversed, probably one Indian is doing 3 WF jobs while collecting 3 salaries.

I think your safe from a location standpoint. I don't think that have any inclination to close down that ops center. Might be one of the few left standing.

@af - Excellent point, the corporate versions of FAFO

The down side of sitting around with little to do much of the time is that the company can get rid of you whenever they want because your presence doesnt really matter. If the thought of getting let go concerns you so much you should quit and go find a job where youre indispensable elsewhere.

@af You’re going to see two things happen when the economy rebounds. First, employers are going to have to give in on WFH as more and more workers find that balance more enticing than a pay raise. The employer offering the most flexibility will attract the most talent.

Second, there will be a wave of revenge quitting as employees who feel undervalued or neglected can unburden themselves from a job they were holding onto only to have a source of income.

I wonder what percentage of people at Wells are job hugging right now because the job market is so bad, but will joyfully jump to the next employer as soon as things turn a corner. The actions that the c-suite are taking to encourage attrition really seem like they're going to build up a backlog of attrition that will mostly be realized en masse once the job market improves. I suspect they're going to start hurting for key people right at a time when they want to be growing rather than shrinking.

@ab Surely they know. I had a close associate of mine who is a long time employee and Wells Fargo supporter finally throw up their hands in frustration last week. They will be retiring after bonuses are paid in February, despite wanting to hang on for a few more years.

The catalyst? It started with hub strategy, although this person willingly relocated several states away to keep their job. The 8 hour mandate and constant threat of layoffs have done them in though. When we caught up last week this person told me that there’s a palpable air of misery in their office location, and they would rather walk than to suffer a couple more years.

Charlie’s strategy is working.

I spent three months training a resource in the Philippines only to have them take my job with no explanation just bye-bye not even a pat on the back for years of hard work. It’s sickening all these big corporations forget about American workers and go with other countries to save a buck or two on substandard workers

I agree with the foreinger invasion. There are way too many Indians taking over American jobs and don't give me this "well then the Americans need to work harder or get more certifications/experience/yadda yada" bullsh-te. I've worked with Indians for decades now and while there are definitely some really excellent, intelligent, hard working folks, the majority are half-a$$ed about everything and all too often an American needs to fix their f-ups. I have nothing against foreigners per se, but when it looks like an invasion (not just in the workplace), smells like an invasion, they TELL YOU they want to invade and dominate, maybe that's exactly what it is.

OP - be thankful you still have a job, even if its the pit of he-l. Unemployment is worse especially in this rotten job market. May the odds ever be in your favor.

Sad part is, the company thinks they are saving $ outsourcing our jobs, but you need 3 Indians to do the work of one American. Every time someone in our office has to call tech support, we (the employees, not the customer) cringe knowing it’s going to be a painstaking and arduous task knowing they are utterly incompetent and you aren’t going to get things resolved in just one call.

The Indians are building teams with people that look like their hometown buddy groups while letting go Americans. While interviewing, they are selecting their own country folks even if much stronger American candidates wanting to work are interviewing. The culture these practices are creating is such that only Indians are talking and working among themselves.

How the heck are only Indians getting hired through the contracting pipeline? Do the Indian contracting firms pay the Indian managers? Or quid-pro-quo of some sort?

Keep Wells Fargo an American company. Now y’all American executives, lend an ear to what’s been said — it’s good sense, and it’s high time somebody up top heard it.

It’s pretty simple.

The layoffs will continue until morale improves.