What sacrifices have you made as a result of working for Wells Fargo in its current state?

Just reflecting a bit this morning. Here are mine:

I'm holding much more money that I really need to in cash or liquid instruments because of the layoff risk, and as a result have missed out on big gains in the stock market the past few years
My wife and I have forgone a couple of big purchases the last few years, because of a desire to keep a bigger cash buffer. We're getting to the point where we NEED to buy a car rather than want to, and because we were waiting, the post-tariff prices of cars have shot up
I've spent about 350 hours commuting to the office to take teams calls and talk to no one in person (45 minute commute one way x 3 days a week x 18 months approximately since I was forced to RTO)
My wife has been frozen in her role. Her job doesn't pay particularly well, but its completely stable, she would be the last person in the world laid off. She has declined to pursue other opportunities, because between my job and hers it would introduce to much risk of job/income loss. So she's stagnating, and our income is lower than it would be if she had more freedom to move. Well's layoff culture is not just impacting Wells employees, but their families as well
I'm stagnating in my own career progression also. Wells ki-led the training program for process engineers last year, so I can't progress to a master black belt cert here. Instead we get webinars on AI, lots of slop on pluralsight if you want it
I've been forced to accept certain medical treatments that weren't the first thing my doctor recommended, because we of course use the insurer with the highest denial rate in the entire industry

What have you seen?

#Commute #RTO #Training

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I’ve never read such a ridiculous post in my life. Take some responsibility man

Driving to work 3 days a week isn't a sacrifice since 90% of the population drives to work 5 days a week. Grow up.

This month I am celebrating 1 year after my 'golden ticket' from WF. I feel for you OP - the last 2 years of my tenure were pretty rough. Working 70+ hour weeks under a micro-manager, trying to get my directs to better places before I got the ax. I saw my division was going nowhere fast and did not want to see their careers at the dead-end I faced.

While I was blessed to get the 'full boat' for severance due to my long tenure, I see what post Covid 'hard time' did to my health and mental state. It took me well over 6 months to decompress from it all. I was very fortunate to have a few people in upper leadership who had my back and made my exit as good as it possibly could have been.

I loved my customers and took my job very seriously. I miss my team and worry about those left who are still dealing with WF's unrealistic expectations and the ever unreachable 'performance bar', now with nobody to help them get a leg up from a career perspective.

With my severance is coming to an end and only in my late 50's, I have to figure out how to scrape and claw my way to retirement as age discrimination a reality in today's job market. I do know this - after dealing with the toxicity of WF, I am done with corporate America. Even if I take a low paying municipal job with decent benefits to get me across the finish line, I'll be ok.

Wishing all of you who remain the very best as you muddle through the utter cruelty that this company has brought upon so many dedicated and talented employees.

Not trying to insult you - but it seems as if you’re imprisoned by your lifestyle. You made the choices that necessitate all of these other “sacrifices”. You would be much freer if you lived on less.

Nothing I wouldn't have had to sacrifice at other places. The grass ain't always greener.

@aa you mean OHIO

@aa yes. So the actual loss is probably bigger

https://www.macrotrends.net/stocks/charts/WFC/wells-fargo/number-of-employees

@a8 - does that include the 60k overseas ?

I have been in “shelter-in-place” mode since 2019. No home projects, keeping 1 yr liquid savings, no car purchases. I remember the scary circumstances of not having savings during the ‘08 financial crisis and was determined to not feel that again. I am eating and acting like any day it could be me.
My heart breaks for the younger workers who aren’t established enough to really have savings. I do know how it feels and it su-ks!

@a6 Wells Fargo going from around 270k employees when I started to 210k today is all in my head, ok. Appreciate the helpful comment

I gave up my life for Wells Fargo.

Broke it with the love of my life.

Worked holidays instead of time with family.

Ruined my mental and physical health.

Now Im 50 and getting laid off.

You could be let go anywhere you work. Blaming your reluctance to purchase items or holding onto larger amounts of money, and especially foregoing a job change is crazy. And no, my job is no safer than anyone else's job. You can't fear what's in your head.

Thread regarding Wells Fargo & Co. layoffs

What sacrifices have you made as a result of working for Wells Fargo in its current state?

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