Why would I work hard if the massive layoffs is one month away?
16 replies (most recent on top)
@n6 And it’s probably more gratifying
@hs Oh, and because I'm actually providing evidence of working to meet their requirements, the only way you're getting rid of me is with a maximum severance package.
Pay up, or shut up.
@hs feel free to enlighten me to what is delusional about it.
Otherwise, STFU and go read the Global Employee Handbook sections on performance management. It's all laid out there.
It literally posits the question of if your employee will be surprised by an involuntary termination, and if the answer is yes, or maybe, you [as a manager] haven't effectively met the bar for an involuntary termination.
Furthermore, it also requires a heavily documented background of the employee missing performance management expectations, which requires multiple check-ins as evidence. This is all right there in the handbook if you're willing to look for it.
@en Very delusional post. I suggest you wake up before the hammer drops on you.
Mark my words, You won’t be employed at WF either on, or possibly before 12/31/2026.
@en Several people on my team just got fired after two IMs (including mid-years) and no PIPs. But I hope that won't happen to you.
@da Great rumor, but unlikely reality.
Firing an IM means going through all the motions of giving them multiple IMs and sticking them on a PIP. Unless you're put on a PIP, IM isn't the death sentence every rumor here says it is. Even then, if you manage to hit the goals of the PIP, you have a solid case to fight termination for cause, or at least to maintain your unemployment benefits.
WF can try everything possible to paint it as a constructive dismissal, but if you nail every point they try to blame you for, you wind up making a very strong case for them trying to avoid a layoff, which (depending on your state and severance package) could be a bigger headache for them than simply eating the cost for up to 12 months.
The only place I've heard of IM actually getting termed, is here.
How do I know? It's been ~3 months since I got an IM and, while I see them trying to push me onto a PIP, they still haven't found a reason to. They can't PIP me for them not giving me enough work to stay busy, and I've gotten significantly busier since that rating, because they laid off someone else, and now someone else is quitting, so this will become even more difficult for them.
They will layoff low level employees and ask the managers to work with AI & offshore. Low level managers will be squeezed. The middle level idots will host all hands meeting and rake more money doing nothing. Hope they pay the severance to low level employees not firing them. Managers leave this bank otherwise you will feel sorry that you stayed.
It's a stupid plan. Costs more to drag it out and in the meantime performance is far from ideal and everyone is more interested in survival than company success. It'll end at some point. Either when Shart leaves or we run out of domestic employees. Considering he has no useful knowledge or skills other than firing people, and he runs the board, it's a safe bet that he'll stay until we're all gone. He's essentially the Sears CEO. Here to su-k the blood out of what's left of the company.
They fire inconsistent meets now. You get the idea.
There won't be any massive layoff. The game plan was established 6 years ago: consistent "small batch" layoffs over a long time horizon. Wells Fargo can't spend the severance dollars it would require to layoff thousands at a time. Otherwise, they would have done it.
Expect what's been happening since 2020, hundreds let go in repetitive layoffs. It's painful for us, but it is their plan.
DF has no money top pay severance for 5000+ in his group. He may fire a lot like technology lob. If u want to leave , do it now before he terminate u. Future is impacted if terminated. Run
Seems to be always one month away...
Just do us a favor and quit and stop posting
Just remember: getting laid off now can mean a 12–18 month search for a new job. Things weren’t the same back when Obama was in office.
4 reasons: (1) that rumor may be false; (2) even if the rumor us true, you might not get laid off; (3) they're firing people for cause now and the job market su-ks; and (4) you presumably can't afford to be jobless.
Maybe they should have thought of that.