Thread regarding Wells Fargo & Co. layoffs

Remember earlier when tech made people move to a hub or take a severance? One woman decided to moved and they laid her off a couple months later after she moved.

Have that conversation. What’s the worst that happens? You don’t get the job. These are the kinds of decisions we all have to make for ourselves. I live in a WF hub city for my LOB, so that’s nice, but there’s enough other stuff here outside WF that it’s pretty unlikely that I’d ever move for WF. I have kids in school, a life outside work and am really invested in a lot of local non-profits, plus I really like where I live. I wouldn’t move, but that’s me. Several others in my group have moved in the last year because they see the writing on the wall and want to open up more potential for promos and future positions. That was the best thing for them.

I will let company pay for 100% of relo cost, if not, ill just change jobs. Either way ill be fine.

I gladly paid for 95% of my own moving costs when the opportunity arose. I can tell none of your guys live in a S–ho–e.

Also remember, even if it is an approved Hub location now, does not mean it will be in a year. In the past Wells has hired for specific locations, just to change course. Those locations aren't approved anymore

The so–called "tax reform" from the previous presidential administration eliminated your ability to deduct unreimbursed moving expenses from your taxable income. Therefore, you will be paying money to remain employed at Wells Fargo. If you get laid off in 4 or 6 months, or a year will you be happy?

What about a fake relocation? Is that an option? Rent a room in the target city for a short amount of time, decide if it works and then decide whether to pick up the rest of your life. You have no idea how long the people with these hub city ideas will last at the company, those people and that strategy could end up in the trash heap before you know it.

Sorry... But why on earth would you move on your own dime for a company? If they want u to move, make them pay it!

Worst outcome is you take the job, move at your expense, give up your personal and professional network where you are now, and then get displaced down the road. Are your skills marketable?

The advice @hlp+1 gives makes a lot of sense, and you'll hear it often from many people. But it only really works if it's a sure thing and they're already considering you as their top choice. If it's in any way a toss up between you and someone else, well you just made their decision a whole lot easier.

In my experience saying you have an offer in hand from another company disqualifies you more often than not. Tread lightly is all I'm saying.

Call any/all external companies you're interviewing with and tell them you have a competitive offer from a different company. Sometimes that will speed them up on whether they're going to provide an offer to you. That will help your decisionmaking.

Op– they’re going based on their approved locations in the job posting so there was likely a reason a different city/location wasn’t offered. There’s no harm in you asking, but similar to the fact that they’ll say you posted for a job in a new location, so we won’t pay you relocatio; would expect they would also say they expect you to move to one of the listed locations since you posted for the job that was listed in these cities.

I’m in the same boat though, all of the locations being offered I’m not exactly happy with and if offered something else I will certainly look for whatever flexibility they are willing to offer. End of the day, there’s no harm in asking the question– just be prepared for the answer to be no and be ready to respond to what listed location you are willing to take.

My guess is capacity has been met at certain hub cities so you could be restricted on going to a hub city for that reason. Also, different geographical regions (4 of them) have different pay scales so that also could come into play.

I'm willing to move for the right company but for me personally it isn't Wells. I don't agree with the location strategy for existing employees (new hires are fine) unless you truly have the entire time at the same location (not gonna happen for my projects). We will lose good people, myself included, if they insist on it.

Good luck to you.

One step at a time. First have the reasonable, unemotional conversation about your preference, don’t worry about what happens if they say no. Maybe start out by asking why your hub isn’t included in the options. Then make the case for your hub and ask if they are willing to consider it. Don’t present it as an ultimatum.

No fault in asking. Remember, “If you don’t ask, you don’t get.”

This could also help you by buying you time with the other possible offers.

Good luck.

Look at the cards you're holding and play your best hand – what advice are you expecting on an anonymous internet site?

You should NOT take this job and move for WF. Its the worst company ever, you would be better off leaving and looking for a new job and not incurring all of the moving expenses. There are enough good jobs out there.

are you nuts, sounds like you want some security, so you need to move to a different industry, one that can withstand the next depression. Moving to a city with hardly any jobs is a bad option at any time. Most of the cities they chose are like third world countries and if you lose your job there you probably will take 2–3 years to find another job.

I wouldnt take it.