Thread regarding Wells Fargo & Co. layoffs

The people talking about older long term workers don’t realize we have built connections over the years.

Need something done from another team? We have contact to get it rolling.

The younger ones who don’t have contacts have their requests tossed into a pile to sit and wait.

@c9 - Thanks for your anecdotal summation of the workforce demographics at Wells Fargo.

@c9 you are correct about the 40+ workers with 20+ years of history with this company, but let me offer you an alternate view of this situation, since I fit the description.

Having worked here for 20+ years, I've been sent to training at WF's behest a total of twice in that 20+ years. Every role I've held at this bank (6 different official positions, so it's not like I haven't tried to grow) pigen-holed the skill set. Very tight job function, zero incentive to expand, and no reward for improving oneself. Even getting cross-training with peer/partner teams required moving mountains and pulling teeth. I've also gone from newb to leader (without the job title change/promotion/recognition) in just about every role I've worked here.

While the rest of the world sought workers who were jacks of all trades, WF put straightjackets on everyone, and is now punishing the workers for what previous management did to this company.

Every training, certification, education that I've taken on my own time, with my own money, has gotten me zero benefit at this company, even if it was one they required me to acquire. That even speaks for the current management team.

This place created the environment where the worker was effectively handcuffed to the employer. I don't quite understand your hatred of the worker over something they had no control over. The previous management incentivized sticking around, particularly with the "who you know, not what you know" mindset being so ingrained WF career paths. It still exists, it's just harder to implement since the who-you-knows at the top are determined to hack away at staff count rather than improve the business model.

I tried for years to escape this place, but every offer I got was for significantly less money and downgraded job roles. AITA for sticking it out in this place? I survived decades of layoffs, so I've obviously got some reason for being kept.

@bs "screams discrimination"

Except Wells Fargo is full of old people. If your demographic is that 80% are 40 and older, and 80% of your layoff group are 40 and older...............where is the discrimination?

I've never worked anywhere with as many 50, 55, 60+ colleagues as I do here with 20+ years of tenure. And in practice it creates a horribly stagnant operation like here at Wells Fargo. I have approximately 60 lateral coworkers, I can't imagine any of them are under 45 after having worked with them all these years, and I've seen the tenure counts (no names), I am THE ONLY employee who's been here less than 10 years. Tenure creates status, status creates status quo and then innovation is hampered because Legacies do not want to upset their proverbial boat.

Welcome to Wells Fargo 2025, a rock steady cesspool.

My information packet provided during the separation contained severance information and a list of others laid off by age and title only. But, not surprisingly, the trend shows 90% were over 40, which screams discrimination.

I’m hoping I get the tap on the shoulder today.

Fu-k this company.

10/28, last round of the year.

I will just say this: most of us at Barnhart in Oregon are 99% certain tomorrow will be our notice date. The reasoning is as follows:

1- As you all are likely aware at the beginning of 2025 we were informed we would receive notice in Q4 of this year. Tomorrow is the absolute last biweekly pay cycle we could receive 60-days notice before carrying over as employees into Q1 2026. Given the focus on headcount reduction it's highly unlikely that WF wants to have extra employees reported for even two weeks of a new quarter.

2- The building (William Barnhart Center) shows as available for lease beginning 01/01/2026.

3- Following the previous point, all of the servers, furniture, and other equipment will take time to decommission and disassemble. When they "remodeled" the site it took around half a year. WF contracts these kinds of jobs out to 3rd party contractors. It will take time to complete a full decommission. If they leasing terms are accurate then WF needs to be out by 12/31/25

4- The next "Tuesday after paydays" are 11/11/25 (a holiday-Veteran's Day" and 11/25/25 (the week of Thanksgiving). It's possible they would choose to do layoffs on 11/12 instead but experience with WF has taught me that the day after a bank holiday is unlikely to be a layoff day. As for 11/25, it's the week of Thanksgiving and many people, including managers and HR are out on PTO that week.

5- Others at my site have heard from their senior managers that it will be 10/28. This point I can't vouch for personally as my management team has sworn they don't know the date.

As of now I have no unexpected meeting invites for tomorrow, but I am 99% sure I can expect one when I log on for work tomorrow.

I can’t wait for more

I heard tech was affected