Thread regarding Wells Fargo & Co. layoffs

Relocated to hub Q1 2025, now laid off

I relocated to the hub based on assurances of job security and professional growth. Despite these commitments, I have now been laid off. It is deeply concerning to see management decisions that appear to disregard the well-being and stability of employees’ lives.


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| 4632 views | | 25 replies (last September 4) | Reply
Post ID: @OP+1k3vbyec1

25 replies (most recent on top)

@vz, yes I believe they will put some money towards you relocation back to where you came from, but I'm too lazy to go back and find the paperwork for that.

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Post ID: @15d+1k3vbyec1

@n1 Interesting, I double checked and mine is definitely 2 years. I will say that the paperwork they initially gave me during the 30 day decision period, said one year, then the final paperwork said two, which I was kind of pi---d about.

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Post ID: @15c+1k3vbyec1

There is no rhyme or reason on how they displace team members. I was at a hub and was laid off. They are now scrambling to find groups to perform my role in supporting various departments. Enjoying the time off!

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Post ID: @12y+1k3vbyec1

@b2 won’t they move you back if they lay you off in year 1?

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Post ID: @vz+1k3vbyec1

TY for sharing. Relocate then the pivot was my biggest fear. Glad I didn't. After over 25 years, I knew I was on the list. When it happened it was to their advantage. Take this time to unburden the toxic last 6-7 or so years.

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Post ID: @vn+1k3vbyec1

@em - Well summarized, just the switching out with H1Bs alone proves the whole program is corrupted beyond fixing and abused.

Can’t find suitable US talent ? BS…

The traitors have no shame and should pay in the end for this location strategy garbage. All big banks / tech are guilty and should be fined.

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Post ID: @s5+1k3vbyec1

I don't trust anything HY does. Verbal, in writing, signed in blood, doesn't matter. They'll change the terms whenever they want, for any reason they want. They are lying sc-m.

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Post ID: @rd+1k3vbyec1

@b2 As per my signed agreement, I only have to remain on-station for one year to avoid paying back any relocation funds.

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Post ID: @n6+1k3vbyec1

The writing has been on the wall since Shart took over, can't trust anyone in management. For the most part, management don't even know what is going to happen. I relocated myself to a new company after two years of interviewing. Staying for severance was not worth the Shart Games.

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Post ID: @my+1k3vbyec1

Smells like troll season

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Post ID: @kr+1k3vbyec1

Bro we've bern telling y'all for years on this site that relo is a scam and they'll lay you off anyways.

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Post ID: @hw+1k3vbyec1

WELLS FARGO is evil everyone should be looking to jump ship and call their state representatives to submit complaints and out these questionable un-American decisions

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Post ID: @g8+1k3vbyec1

We in corporate America are nothing more than minions to our corporate overlords, my friend. At places like Wells Fargo, managers and execs, who mostly are mediocre at best, don’t see us as people — just pawns on their chessboard. You bring better ideas, do the hard work, improve processes? They’ll gladly take the bigger slice of the pie while you get crumbs. Show a little confidence, question a decision, or dare to push back? They’ll hammer you down and “put you in your place.” Only their chosen favorites get a voice. The rest of us are just servants in suits. Keep your head down, or they’ll whistle and replace you with one of a million H-1Bs waiting on the sidelines.

Location strategy in WF is a sham to replace you with Indian H1bs. They, unlike you, are just happy to put their heads down and work. They don’t question nothing. H1bs will resettle to wherever they are asked to move. Exactly what the corporate overlords need.

Social responsibility? What bird is that? 80% jobs goes to India? Who cares? Corporate overlords are still earning millions, getting paid enough to sustain their 3 generations while, you friend, are living paycheck to paycheck.

We, my friends, are minions and pawns! Let’s not forget.

Think for yourself, first.

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Post ID: @em+1k3vbyec1

@as+1k3vbyec1 It's sad people need to be reminded of reality.

I have an amazing new employer. If they wanted me to move to another site I would insist on certain agreements in writing before doing so.

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Post ID: @dx+1k3vbyec1

No boss is able to make forward looking promises about retaining a job or down the road promotions. They can certainly advocate on your behalf but even senior leaders get their hands tied.

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Post ID: @cj+1k3vbyec1

things that never happened for $500

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Post ID: @bc+1k3vbyec1

The fun part is, it was all intentional and planned from the begining..They want to cause as much suffering as possible so more people will quit without getting their severance. Enticing you to relo and then downsizing you anyway damages the survivors morale much more than just a regular location strat layoff would have.

I'm sorry this happened to you. We all deserve better.

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Post ID: @ba+1k3vbyec1

I am relocating and received the official offer to relocate. Yes if they lay you off within the two year period you are obligated to remain w/ them for accepting financial assistance, you will receive severance and you do not have to pay back any funds received for relocation.

If you voluntarily leave within the two years after relocating you must repay a prorated amount of funds received within a reasonable agreed upon amount of time.

That is how it's structured. There is no guarantee you will not be laid off at any point in the relocation process. Though you would hope for this not to occur.

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Post ID: @b2+1k3vbyec1

@a7 moved on my own after assurances from boss and one up.

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Post ID: @ax+1k3vbyec1

@ag+1k3vbyec1 It’s sad that we need to get everything in writing cuz we’re doing a business deal with a very untrustworthy individual. Sad times indeed.

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Post ID: @as+1k3vbyec1

If you didn't have it in writing you never had a commitment. Basic common sense really.

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Post ID: @ag+1k3vbyec1

Sorry to hear this. Please check for potential internal opportunities or outside.Hoping that you will find a better position soon

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Post ID: @ae+1k3vbyec1

I would also ask if you originally were offered relo which you accepted or if you moved on your own accord thinking it would save you on the long run?

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Post ID: @a7+1k3vbyec1

So sorry to hear... one question did you get a layoff package?

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Post ID: @a6+1k3vbyec1

Yeah that’s why I’d would never move to a hub for this company. Sorry dude

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Post ID: @a3+1k3vbyec1

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