Some people may already know this others are finding this out the hard way but the CTO last year in October gave managers under her the Go Head to find a way to start firing people. In recent months many people have started coming under scrutiny by Frontline managers who are writing them up for performance hits even though that manager is removing that person from work thus causing them not to meet performance goals or other setting up for failure activities. WF under the CTO has become a popularity campaign and if you are not liked on a personal level these Frontline managers and executives play the high school gossip games to get rid of you now. In the last few months I saw them fire multiple people who've been at Wells Fargo from 5 years to 30 years. This new senior leadership is not about keeping and retaining talent they're about saving money and unfortunately they are in the mindset, trained to believe that Americans cost too much, and so they have laid out an ambitious project goal to have the Indian workers operationalize AI and AI will in turn replace the American workers. While many lines of business focus on trying to fire people to trim down their teams to the minimal number possible for Frontline managers to have so they are not fired. Be wary of those managers that want you to work over 8 hours a day 5 days a week and more well not compensating you or rewarding you in some way for the hard work you're doing. This new leadership has been told to brutalize the workers in this fashion to create a micromanage and hostile work environment to force people to quit as well.
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Hopefully my manager gets fired
I did not receive go head while working at WFHM....
The end is near.
Fired or laid off? It matters. It matters a lot.
Layoffs have been happening every month for years and years now. This has nothing to do with the new CTO. I was laid off after 25 years. A victim of the core location policy.
And to be clear - managers can't "reward" employees via compensation. The amount of discretion that any given manager has is tiny or completely non-existent. They are handed a budget and a calculator that is filled out with guidance.
Just last week person in my area who's been with Wells for 27 years was fired. When I asked him why and what happened all he told me was that his manager just didn't like him and so they just streamlined him out without any resistance... I wonder if somebody who enters this situation was to open up an HR case just to come back the ongoing targeting would that be enough to get more time to prep for the inevitable?