Thread regarding Wells Fargo & Co. layoffs

Very good point. Thank you for saying that. appreciate it!

and 15% bonus cut for 2024 full-year.... that's it? Your boss likes you. In our group mgrs were told to reduce 80% for IM. No joke. I know of several who got 10+% reductions with Meets. I'd say your boss had to choose someone and you were the lowest meets. He covered for you on the comp.

Sorry to hear about NI rating at mid year but glad to hear you have lined up your next role

@ez even though I had 2 of the roughest life events all occur from February to April, so I had a rough 3 months period of being late on some things and some negative feedback from people I work with (only during that period), they didn't care about the 17 other years of great performance, but for the fake IM they stuck me with at YE 2024, they went nuclear as I suspected with an NI rating. Fortunately timing worked out perfect and another company is courting me so I'm going to ultimately ride out trough end of Sept and then get the heck out of this he-l-hole. Disgusting toxic leadership has ruined a company that gave me so much. At least I know no for sure I need to get out ASAP :)

@OP, how did your review go? What was the outcome?

Question to those who aware of the process that is being pushed - situation= got IM at year end 2024, got IM now during mid year. During review it was mentioned that if they would have to rate IM again, they would be in some sort of problem too (that =manager). IM was given now bc I was moved into a new role and it is impossible to be great at it within 6 months ( reason is bs 100%). So the question is what’s happened when 2IMs already in the system, third one is on the table even though it was said that we both need to work on getting M at year end 2025? I don’t believe a word of what was said, according to other posts it is a clear picture of “managing someone out” preferably without severance.

I had one IM and was let goa few months after. But, the firm is not well run so you are better off.

@b2+1k1617ax4 “I am a victim……”

Told everyone what we already knew. Good jorb on not be personally accountable for your own actions.

Sorry to hear about all the stress and worries you are dealing with at mid year.

Goal posts are changing all the time and each person is on their own. Try to understand the changes in priorities and expectations and adapt as best as you can. Do what is in your control and don’t worry about everything else as that is the best you can do. Let the force be with you and best of luck!

I like reading the arrogant comments implying that you must have done something wrong. It’s we-ponized in lots of areas. Just wait until you end up with the IM and the treatment that comes with it.

The 18 years of service is about 9 months of severance. I would plan to ensure you are compensated for time served. You may want to discuss this with your lawyer now and be ready for when it becomes evident they want to IM or PIP you out of your role without just compensation you deserve.

@aa You are 100% correct. I am a victim of that game. My mgrs in this dept delivered meets mid year (gaslight?) and IM year-end past 3 yrs to deliver NI and set up was a formal. My bonus was cut each yr over yr and 2024 to zero. I too was always meets/exceeds. This company doesnt give a rats a$$ about you or losing family members. I have been told I am paid lowest to my work is better than others but it doesnt matter because as a Sr level it is expected to make 100% all the time. What most dont talk about is with this current leadership roles that were once "consultant" knowledge workers have been demoted to production, heads down with metrics work..while being expected to work ridiculous pipelines and goals with constantly changing expectations. Procedures that change with poor communications and thought. They throw you out of the pan into the fire to justify low scores to give theirself high praise for having people fail in their hostile created world. Under the old regime I was a mgr and if someone failed it was on the mgr to do better, not have turnover and survey was your metric. Not anymore.

It's the #wellsfargoshitshow, move on.

OP, you say yourself that you lost focus the first half of this year. So yes, IM or NI is most likely.

Between MY discussion and YE ratings you basically have 3 months to turn it around. The only way you can do that is to set aside all of your grievances and ask your boss "what do I need to do to turn this around" and then deliver it, whether you agree or not. I'm not saying that's good or fair, just saying that's what it will take, and it might not be possible... your boss might not be willing or able to give you specific enough feedback to action that way.

About your question about likelihood of being displaced, this can go a couple of ways. you can get put on a PIP and managed through that... if/when you are termed it would be "for cause" and so there would be no severence. The other way is that in the endless stream of "efficiency" reorgs that create displacements, your position is eliminated. then you would get severence.

Either way, if you're not already job searching - you'd be wise to start.

Sorry for what you are going through and good luck.

@OP
, your 18 years of Exceeds/Meets trashed by a bullying manager’s IM rating screams unethical stack ranking—not “all companies are like this.” A second IM signals a push-out; two full-year IMs often mean termination. Your boss’s bias since 2022 and “declining performance” trend is textbook abuse. Take note, others: even “good” managers can turn toxic after a reorganization. Most good managers likely bailed, unable to stomach unethical reviews, offshoring, and bullying from above.Wells Fargo’s fear culture ki-ls collaboration, per Agile Alliance, unlike Pixar’s safe teams that saved Toy Story 2. Offshoring and AI can’t save this mess. JPMorgan’s AI cuts costs 30% and boosts sales 20% with real teams, while Wells Fargo’s teams are ghosts. That’s why Agile transformation here is a joke. Set boundaries, document abuses, quietly quit, upskill (use Wells Fargo’s tuition reimbursement), and job search—JPMorgan’s hiring. Don’t wait for a reform to fix this toxicity -- their ethics are as bad (or worse) than the "account scandal". File EEOC complaints or join Wells Fargo Workers United anonymously. Read The Fearless Organization for fearless banks. My mission: fearless workplaces. There’s a better option!