Thread regarding Wells Fargo & Co. layoffs

I don’t feel that way. Is your pay variable and you are not sure how much you will get each week?

@gs
the competition for the "meets" rating is only going to get harder. You see, this year they let go a bunch of folks, and so now the ones left are competing with, in theory, the high producers. Stab in the back you say? LOL. It only gets worse. Its the direct result of the Jack Welch method of managing employees. Chainsaw apparently has bought into it hook, line, and sinker.

If I was as scared of the unknown as @OP I'd be a republican.

OP I get it. Even though I didn’t get the call today I went home sick. The stress of worrying every other week is getting harder. This is like water torture or Squid game. And now people are starting to stab each other in the back. Watch out cuz people are amping up the lies. Don’t trust anyone.

We knew our building was closing by December 2025 but did not know for a year or two when we would be let go. Ironically, we had a department meeting, our LOB is in a few other states so it was everyone. It was September I believe and the person running the meeting says that come October our department would be gone. That was the first we heard of it or got any confirmation. So we knew it was one of 2 Tuesdays in October. Although half people kept working business as usual, the other half decided it wasn't worth it. So a lot of work did not get done, because after our departure it would just get passed on to someone else to finish in another location. Even a couple of mangers and leads had mentally checked out and weren't even concerned about the work being done. I wonder if when they announced it at the meeting if that was a mistake. I guess my point is that is why they don't give you any hints on when it will happen, because if people know, they're going to check out and not apply themselves to their work.

I know what you mean! Every other week, my sleep is impacted. It’s the waiting that one day I will get relief. A week or 2 of rest. I haven’t used PTO for an actual vacation in years, I use it in 4 hour chunks for in office requirements because I’m burned out. I would have found another job when all this every other week layoff started but every year when I start looking I end up meeting medical deductible (sick dependent) and financially it’s better for me to stay. Plus I have a great team! The company leadership is driving me crazy though. What I try to do is keep telling myself, “it’s just a paycheck” and I fulfill down time from work being shuffled in chaos by taking trainings, skill up for my next venture. This place changed me, I am a go getter, working for promotional opportunities but I see how they treat next line up and I don’t want it. Waiting it out week to week, even if you are prepared, is still agonizing.

We had the layoff hanging over our heads for 2 years, because they let us know they would be closing the building down. It gave people plenty of time to jump ship. It was stressful, but not in the way of job loss, more like is this the Tuesday that it will happen? Because we really were just wanting it to be done. They pretty much waited until the last minute. By the last few weeks there was hardly any work to do. The last few months we weren't worried about QAs either because it didn't matter at that point. Don't stress over it too much.

On Monday nights I’m like a kid on Christmas Eve as I daydream about a severance, but Santa keeps letting me down the next morning.

@OP
What?
Your insulated, your fine.
Yet you keep talking yourself into some sort of narrative that you arn't and you want others to relate?
So which is it? Either your fine or your not.
Pick on and maybe the rest of the trolls can relate.

It really depends for me. Financially I am fine but I’m not ready to retire yet. Healthcare costs are insane and only going up. Usually the constant layoffs don’t bother me but only because I already got laid off once and picked back up. I think in a way, going through it resulted in less tension about it.

No

I think you’re spot on, and unfortunately people tend to troll rather than respect others’ thoughts and opinions. Thank you.

@a3 This. He's done the same thing before. Probably the same loser who posted the lie about the IM ratings tied to surveys earlier too.

Weak troll, too obvious. Better luck next time OP.

To financially prepare for a potential layoff, aggressively build a 3-6 month emergency fund, cut all non-essential spending, and secure credit (loans/cards) while still employed. Immediately create a "bare-bones" budget to identify essential expenses and research severance/unemployment eligibility to ensure cash flow during a job search.

Yeah this is the troll trying to needle people with a weird humblebrag wrapped in the most inane, pointless post possible.

If someone is preemptively saying they're going to get "trolls" in the replies, they are the troll.

No. I'm completely indifferent. Tuesdays are just another day. The minute you start stressing over something you have zero control over, you let them have power over you. They want you in anguish over it so that you'll quit, don't give them any part of that.