Thread regarding Wells Fargo & Co. layoffs

Termination/laid off

Five peeps in 2 weeks terminated, not laid off. I’m not convinced all of them went through performance improvement process. We know job reductions are coming in 2025, is this the norm so they don’t have to pay severance?


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| 3663 views | | 33 replies (last December 11) | Reply
Post ID: @OP+1kc2990h6

33 replies (most recent on top)

@af In At Will stated there is no notification required. They can terminate you and walk you out of the building the same day.

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Post ID: @jr+1kc2990h6

@dz I know at least 5 people who have been terminated without severance.

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Post ID: @jq+1kc2990h6

@av if truly a poor performer and in the past they got severance then that was a bonus to them. Poor performers know ahead of time and should look for roles that better fit them. Not everyone is good at everything; most aren’t.

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Post ID: @jj+1kc2990h6

@cb have a lawyer write them a letter. If they don’t have a case they will back down and offer severance. If they do, well, you should know.

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Post ID: @jh+1kc2990h6

@fg Correct. i've gotten that guidance and seen it carried out already

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Post ID: @j3+1kc2990h6

Any additional stories from the same person who keeps replying to themselves and downloading any comments that disagree?

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Post ID: @fm+1kc2990h6

@dz that’s what used to be done. Severance dollars were used for poor performers and that’s no longer the case.

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Post ID: @fh+1kc2990h6

There’s a new expedited termination team in HR, if you been below meets for two or more cycles (mid year and end of year, or last year end and mid year) no formal PIP is needed any more. Just documented evidence of performance problems.

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Post ID: @fg+1kc2990h6

 @dq+1kc2990h6 thank you for sharing so I dont feel like am crazy and only one this happened to. I am cb & e3.

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Post ID: @e4+1kc2990h6

@cb I forgot to answer OP question. When I was given informal in Apr I had 3 "check'in" in Workday. Then I was told after my work was better than my peers. Then when informal expired I was moved to formal and excuse was a small error my boss missed and my India resource caught, was small and fixed immediately. It was classic move of my boss to back hand look for any errors. Just in time for mid-year Needs Improvement. No more "check-ins". My work was perfect every 1 x 1. I asked if Formal could be removed. Told will look into it, then told months later it can NEVER be removed. When I was termed I was told no issues with my work and the direct and 2-up tried to save me. The metrics are proof no issues. No PIP just baseless comments. How is that for managing performance. Sounds more like Salem Witch Trials.

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Post ID: @e3+1kc2990h6

Everyone who I’ve ever known this company has been laid off with severance nobody’s ever gotten fired. If you don’t work here and you’re still posting seek help.

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Post ID: @dz+1kc2990h6

Please understand that some states in the country are at will employment, which means that they very well can fire you without reason and it does not take time at all to do so they will do it immediately.While in the past, it may have taken longer to be terminated that was pre-India times now they are doing this in order to send the jobs there. That is why they’re creating a toxic work environments And increasing productivity goals when there’s no work to do and then blaming it on the employee. Then they have cause for the non at will employment states. They are setting us up to fail on purpose to avoid severance. This is really happening. I had 15+ years and no verbal informal and was always at meets or higher on all of my yearly reviews. I was terminated without notice and only told it was because I was not meeting employee standards and that’s all they would tell me nothing more so yes it is happening and people need to be more aware of what is going on because it shouldn’t be legal and it’s wrong after that many years to just be cast off for no reason during the holidays. No severance and benefits gone. For doubters: Iowa for example: Iowa is an "at-will" employment state, meaning either the employer or employee can end the job at any time, for any reason (or no reason), without legal penalty, unless there's a contract or union agreement stating otherwise. Please check your state laws. Good luck out there.

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Post ID: @dq+1kc2990h6

@cb
This post doesn't make any sense.
You write like a front line employee.

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Post ID: @dn+1kc2990h6

Did the guy that was in the Volunteer photo on Teamworks get fired? Cause they just photoshopped that dude right off.

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Post ID: @dk+1kc2990h6

I got a new job. How many times did I tell you people this was their next move? I was downvoted. Live in your own dysphoria thinking you are going to get a package. THEY DO NOT WANT TO PAY SEVERANCE LOLOLOL

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Post ID: @dj+1kc2990h6

I cannot believe all the people who assume you sc--wed up to get fired!!! It happened to me. It was a downhill fall from being promoted and respected to gas-lit, micromanaged harrassed and given stack-ranked performance of inconsistently meets, then needs improvement. I had excellent work. My boss retaliated against me for his sc--w up and to save his friends. HR does nothing!!! It only made it worse for me. If you have not been paying attention..the plan is to save expenses. To he-l with peoples lives. I am 62 and I will likely lose everything. I went through this sh#t in the early 90s with my spouse. I have never been fired or written up because I have a strong work ethic!!! I have 35 yrs in financial services an MBA. I did not coffee badge or quiet quit!! I worked very very hard to get to a 6 figure salary. In the years since HY we lost cell phones, p-cards, then treated like front-line, mandated 8 hrs in office and finally booted out without severance while evil leaders get golden parachutes!!!

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Post ID: @cb+1kc2990h6

Don't forget, in most states, you can still collect unemployment if you were terminated for performance. You can't if you were terminated for breaking the law or company policy, e.g. s-xual harassment, embezzlement, etc.

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Post ID: @bx+1kc2990h6

Two people I know personally in CIB CRE were terminated last month, not sure how widespread this is, but both of them sat near me.

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Post ID: @b8+1kc2990h6

Why is troll getting angry and upvoting people who disagree. What’s the agenda here.

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Post ID: @b3+1kc2990h6

lmao and now he's spamming downvotes on the comment calling him out. The fragile egos of the nutjobs who post here.

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Post ID: @b1+1kc2990h6

@az believe it or not - it is happening. Why such denial? Did you get a IM or NI on your mid year and now you don’t want to think about them coming for you?

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Post ID: @b0+1kc2990h6

@ay posted that and upvoted instantly, I just watched it happening. So, pretty safe to assume it's the troll if the blowhard paranoia didn't give it away enough.

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Post ID: @az+1kc2990h6

It’s accurate this is happening. If you have a pattern of IM (or NI) you can be terminated. No PIP. No severance. Nothing. I’m sorry if you don’t believe it, but it’s happening.

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Post ID: @ay+1kc2990h6

I’m one of the people who has written about this here. I can tell you for sure that the olden days of long process to terminate are gone. Both from information managers have received and from personal experience of a friend here.

A friend of mine here got termed 2 weeks ago - no performance plan, no warning. They got an IM mid year and were gone in November. No severance. Nothing in writing.

It’s right in the HR support online, that termination for cause doesn’t require anything to be given in writing to the terminated employee. The manager simply informs they are being terminated for poor performance and their access to everything is cut off instantly. They are emailed a list of phone numbers to call for inquiries about cobra, etc.

In the state of California, you are still eligible for unemployment if termed for “poor performance”. Check your state’s rules/regs. My friend is enrolled and receiving first payment next week.

The budget for severance packages has been severely cut for 2026. Managers have been told not to package out poor performers - term them for cause instead.

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Post ID: @av+1kc2990h6

I know one person I contacted in Mortgage for holidays and was zz with no out of office next day dropped from GAL. Not in Teamworks so just gone in one day.

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Post ID: @at+1kc2990h6

This is trolling - there is a lengthy process to terminate for cause

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Post ID: @as+1kc2990h6

Nobody gets fired for "just because." Maybe they were sc--wing around with RTO stuff.

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Post ID: @ar+1kc2990h6

@OP poor performance is my best guess. No severance dollars because why would someone who can’t meet expectations get a package.

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Post ID: @aq+1kc2990h6

It takes an act of God to get fired from WF from what I've seen in my many, many years. Displaced? Sure, fired without severance? I know of no one personally.

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Post ID: @aj+1kc2990h6

What was the reason given for being fired? I find this hard to believe since there has to be a proper notice period or pay in lieu of notice.

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Post ID: @af+1kc2990h6

There is no manager support, strictly to write anything and if you address, then addional ‘issues’ are documented; involuntary termination is the goal to eliminate an employee. AI and attrition are just a cover up for unethical practices and often age discrimination. HR is actively participating, too. In many cases, there is no history of any performance issues. Somehow, a lot of employees have performance issues now.

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Post ID: @ab+1kc2990h6

Nah, you can rely on severance

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Post ID: @a2+1kc2990h6

This has been alluded to on here several times already. The days of everyone getting a severance package on their way out, regardless of how terrible an employee they may be, are over. Being termed for cause will become the new norm for many which means no severance and probably no unemployment.

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Post ID: @a1+1kc2990h6

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