Thread regarding Wells Fargo & Co. layoffs

When do managers get notified about layoffs?

Does anyone know when managers get notified that their direct reports will get displaced due to location strategy? I've heard that it's the Friday before a Tuesday layoff for direct managers. Also curious when second level managers know.


by
| 3548 views | | 18 replies (last October 13) | Reply
Post ID: @OP+1k78qfx7e

18 replies (most recent on top)

Ya'all, it is a mixed bag. Selection is done by parameters that may or may not be weighted. It could be location strategy, it most probably includes performance, and other factors. The manager at a level chooses the parameters they want considered. And then every employee is fed in.
I know for a fact that my manager knew at least a couple weeks in advance when I was displaced, because my replacement was assigned under the guise of getting me assistance. But I also know at times direct managers are told the day before or the morning of that they need to set up the meeting and make sure X Y and Z are done by noon.

by
| | Reply
Post ID: @nx+1k78qfx7e

Having been a manager at WF those decisions are made during calibration and based on your performance ratings and other criteria primarily not based on any other factor other than whether the management team likes you yes/no. Thereafter they stack rank you in order of who is on top of the list to get the are with a target total # of those to go as well as a list of alternatives in the event one of them smarts up and goes on a leave. It really sux for the employees but that is the down and dirty side of how these life implicated decisions are made at this wonderful institution.

by
| | Reply
Post ID: @n3+1k78qfx7e

A lot of variables. Sometimes the managers know you're on the list, just not sure when it will happen. That's more for people outside core locations or remote. If it's just culling the herd, most managers won't know until last minute.

by
| | Reply
Post ID: @hq+1k78qfx7e

My manager was relatively new and claimed he heard the day before. Previous manager is a good guy and warned me 6 weeks earlier.

by
| | Reply
Post ID: @gs+1k78qfx7e

@e8

Managers can set whether or not PTO is auto approved. Most managers do set it for auto approved because it takes away the extra admin work.

by
| | Reply
Post ID: @ej+1k78qfx7e

aren't all PTO requests auto approved or is that just for exempt employees? And yes, layoff notice for managers runs the gammot from being involved in selecting the employees in advance to getting no advanced notice at all.

by
| | Reply
Post ID: @e8+1k78qfx7e

Those who speak authoritatively that there is only one way are weak and uncouth. Over the past three years it has absolutely been a mixed bag for +1’s ranging from hand selection to zero notice until day of.

So to you @op , it really could be anything. Mine just found out for one several weeks ahead. The last go around they knew the Friday before. The time before that was a no-notice and it was a loss to the team for sure.

by
| | Reply
Post ID: @d7+1k78qfx7e

Managers are sometimes told the Friday prior to expect notices the next Tuesday. Usually the “who” is related to the manager the Monday before & they schedule meetings the next day. That assumes the manager is even notified beforehand.

by
| | Reply
Post ID: @cv+1k78qfx7e

@c9+1k78qfx7e

Before you call out others for a lack of integrity, you should get your facts straight. I've layed off about 20 people over the years and in every case I was notified 1 day prior to the employee getting notification. The managers below me got zero advanced notice. Did the manager above me have some? Probably, but at least 2 levels of management in my group had no significant advanced awareness.

by
| | Reply
Post ID: @ct+1k78qfx7e

I knew about 2 or so months in advance. There is a whole process with watching some on demand videos along with pre documentation. They remind you few times prior.

by
| | Reply
Post ID: @cr+1k78qfx7e

@cn I'm the commenter who posted about my PTO request. I know for a fact our entire site is being laid off by the end of the year, most likely this month. In your opinion & experience would they have notified my manager already? Or would they wait until just beforehand to notify them? Are our direct managers even included on the layoff calls? I've heard various things as to whether they are on those calls or it's just HR

by
| | Reply
Post ID: @cq+1k78qfx7e

Managers may actually choose who gets laid off based on performance evaluations. If they rate an employee less than meets expectations for a role, chances are the employee will lose his or her job. The good news is that these managers are often incompetent and eventually will lose their jobs or...best case scenario, Wells gets bought

by
| | Reply
Post ID: @cp+1k78qfx7e

It can vary depending on whether the whole group is going or just some. Sometimes we get told that headcount reductions are coming in a quarter or two and we get told to begin formulating a list of low performers for when the official ask comes. But if the entire group is being eliminated, the manager may not know or could be going too.

by
| | Reply
Post ID: @cn+1k78qfx7e

I know with 99% certainty that my layoff is coming this month, potentially this coming Tuesday 10/14.

Now I’m wondering if my manager already knows the date because I put in a PTO request for next week that still hasn’t been approved and my manager is generally very punctual when it comes to approving PTO

by
| | Reply
Post ID: @cd+1k78qfx7e

Retired manager here. They know well in advance as they are involved in the decision. Don't let your manager fool you into thinking they have no say or knowledge.

by
| | Reply
Post ID: @c9+1k78qfx7e

Mine knew weeks before. Just didn't say anything until the day...then done! Sorry state of affairs if you ask me. And yes, I would not believe it if they say they didn't know well in advance.

by
| | Reply
Post ID: @c8+1k78qfx7e

I believe they know well ahead. They know who is impacted and whether they want to support an exception or delay that persons location impact. I don’t believe any BS managers say. They know

by
| | Reply
Post ID: @c7+1k78qfx7e

Sometimes the afternoon before or even the day of

by
| | Reply
Post ID: @c6+1k78qfx7e

Post a reply

: