Thread regarding Wells Fargo & Co. layoffs

Interesting because I feel the opposite happened to my group. They changed our job titles. The pay is the same but the role makes us sound like we have extra skills that we don't have, skills we didn't need before. I'm afraid we're going to get fired for not knowing how to do things we have never been trained to do. I understand if they lay us off, but I don't want to be set up to be fired.

OP said he was in risk which was losing talented people.

That's a lie.

There's no talented pple in Corp Risk.

If your pay is the same relax and enjoy the ride

@ Op: you’re not willing to do the job as written, because the job is written as a job in one or more potential hubs, which you’re unwilling to move to.

@1wvf+1aoHfO87 - In my org at least, years of service alone do not qualify you for a higher level role. The work is more complicated, and you have to be doing that level of work before you’d be considered for a promo or a new higher level role within the same org. If the person isn’t actively demonstrating they’re capable of more strategic work, as opposed to just straight execution of BAU processes, they will stay in one of the assoc level roles as opposed to the officer level roles.

Op- it would be easier if you say which metro you’re in and we can share if we know of groups who are or will hire there

Good question @1rpa+1aoHfO87

My location is hiring tellers and mortgage personnel but that seems about it. No risk. I guess an option would be to see about transitioning into mortgage in some capacity...it's at least worth exploring some more. Thanks for the helpful suggestion.

To @1jjt+1aoHfO87

I call it a demotion...they call it restructuring. That's how I survived. I get your point on new hires. However, if you've been here for years they are now essentially limiting your career progression unless you live in a hub or are willing to move there. I think I have leverage because that was never disclosed when I can onboard. I wouldn't have chosen to work here if I knew I was going to be trapped in the same job for the next 30+ years...or trapped now in a lower job than what I signed up for.

@op are you at a location that does not have any job openings for any lob? Or are you at a location that risk is not hiring in?

You've been demoted twice? How did you not leave after the first? And then you think you have leverage to dictate location? I believe risk as a clear rule that all new hires or new positions must be hired in the designated area. Seems pretty cut and dry

Original poster here responding to Post ID: @hbo+1aoHfO87 and some others.

I am currently not remote but am aligned with a non-hub location..which apparently was perfectly okay many years ago when I came onboard.

To the Honest Questions person...
(1) Loss of title, responsibilities, and now loss of pay/bonus are demotions. I don't know how else you slice that.

(2) My location isn't listed because it's not one of the seven hubs they have arbitrarily chosen. I have no problem doing the job as written. You are missing the underlying issue. There were no restrictions on location when I joined and I gained further experience. It has nothing to do with position qualifications.

(3) There is a natural progression and a good manager should help develop people to move from associate, to senior associate, then to officer or management...of course depending on individual wants and skillsets. Some people are perfectly happy staying at certain levels which is fine. Let's say you have been a manager for years and then move to associate...you wouldn't consider yourself overqualified? You've literally been managing a team of them and worked your way to that management position. If I was an associate, moved into management, then slid back to the old job what is that called other than overqualified?

@hbo why would some associates never be qualified for the officer level?

Honest questions:

1. What do you mean by demoted?
2. Do the jobs you’re applying for list your location as an option? All jobs are required to have one or more locations listed, if your location isn’t listed, and you’re unwilling to move, you are effectively disqualifying yourself. You’re unwilling to do the job as written?
3. Why do you think you’re overqualified for a job just because you have more experience than the minimum? There are plenty of people in associate level roles who will never be qualified to be an officer, it’s not just a question of how many years of industry experience you have, that’s literally the bare minimum for requirements.

I don't see how they get my group to be a "hub" location group. Yes we have some people in Charlotte, so they could pull the "Charlotte is your hub" but if they do that they'll be losing 90% of our team since we're all spread out all over the country.

Considering our workload has doubled and we're already down multiple staff despite not having a single layoff, I just don't get how that's going to pan out. We already don't have enough people for the existing work.

Of course it doesn't matter if you're the best qualified applicant - it never has! It's all about location, location, location. Dude, they don't care! We used to get surveys across teams and the #1 feedback in them was that you had to be in Charlotte to get ahead here (promoted). Every key hire was hired in Charlotte on that team. They don't care!

All of this is designed to drive attrition and reduce headcount. Nothing is logical, it never has been!

The only thing you can do is move or GTFOH. I'd choose the latter, they do not care if you're good at your job, if you're motivated or talented, it's all about location, location, location. Just like real estate - location, location, location. :-)

If you aren’t happy with your current position and cannot relocate to a hub location, the only option is looking at external opportunities. Good luck!

Recruiting will tell you that, but they are executing on the hub and location strategy.

Pretty much all are doing a location strategy but hubs can be different depending on the business. Are you looking to stay remote? Assuming you are currently. If that’s the case, would start looking elsewhere as remote 100% is not a go forward, even in technology

Yes, because being in a hub is all that matters here, not if you do good work. You are right, it is assinine. While geography is a part of DEI, its all talk. Their is zero geographic inclusion here. You are spot on.