Thread regarding Wells Fargo & Co. layoffs

What does it say about this place that people hope to be let go

Especially in this economy. The mix of defeat and dread overshadows everything, even the fear of not finding another job or the financial mess that might follow. The worst part is that there’s no payoff to look forward to, no source of motivation to offset the grind. Just the constant likelihood that you’ll lose your job anyway.


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| 2286 views | | 15 replies (last September 20) | Reply
Post ID: @OP+1k59dmye5

15 replies (most recent on top)

It says they speak a big game but when it happens they try to justify it by saying they are glad , while inside they are curled up like a baby su-king on their thumb.

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Post ID: @vn+1k59dmye5

Close to retirement here. I actually don't want to be downsized, but on the other hand I do want Shart to pay me a severance. I suppose I'm good either way.

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Post ID: @h5+1k59dmye5

they are too weak to quit lol

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Post ID: @fz+1k59dmye5

@em This is good to know! There are contracting engagements which are remote too

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Post ID: @er+1k59dmye5

@eh I did that and it’s not that bad as fte’s are becoming more on/offshore (cost and cheap labor). It was figuring out cost of benefits. But overall got more per hour than salaried and thriving so paying extra in benefits was worth it.

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Post ID: @em+1k59dmye5

It means they have turned the sc--w and now everyone is faced with being managed out (see also “fired”) vs layoff.
Even without the lengthy severance, no one wants to be fired when leaders created the environment of scrambling to do something meaningful while gaslighting you into thinking it’s your fault. We cannot win and it is frustrating. We know the job market is terrible and a lot are posting like crazy.

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Post ID: @ek+1k59dmye5

@ag what if a person wants to work as a contractor on W2 - is the job market still tough out there ?

Curious to know.

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Post ID: @eh+1k59dmye5

@ag+1k59dmye5 Is spot on. And if you’re close to retirement and laid off hope you have things in order and it all works out. If still needing to work, don’t let your guard down thinking you’re safe. Test the waters and look because there’s a “silent” stigma when potential employers see you’ve been laid off even if you didn’t deserve it.

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Post ID: @ee+1k59dmye5

@a7 there are many …

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Post ID: @bs+1k59dmye5

@ab take it from someone that has been laid off before, it's much easier to get a job while you have one. Be careful what you wish for because good chance it'll take you at least 6 months to find another job even with looking for 40 hours a week.

The only people wishing to be laid off are those close to retirement, have a great network (it's who you know) or have a deluded mindset about being laid off/unemployed.

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Post ID: @ag+1k59dmye5

Every two weeks I wonder/hope if I'll get the meeting notice.

I'm not a long timer. I wouldn't get anything close to "a lot" of severance.

But I still wish for it. It would be easier for me to find replacement work if I'm not spending all day in a job I absolutely hate. I have zero mental energy after work to job hunt.

Until then, we wait for the next public scandal to expose the bank's lack of effective leadership...

Or maybe a white collar union the represents exempt employees...

Or maybe the bank gets broken up into separate entities for deposits, lending, and investments...

Or...?

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Post ID: @ab+1k59dmye5

@a7 correct

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Post ID: @aa+1k59dmye5

Low energy crew

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Post ID: @a9+1k59dmye5

@a7
Nailed it.

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Post ID: @a8+1k59dmye5

Things su-k and those who welcome it are likely long timers looking for a nearly year long payday then off to something new or retirement.

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Post ID: @a7+1k59dmye5

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