Thread regarding Wells Fargo & Co. layoffs

Are mid-years really not happening?

Thought it was just another troll post on this board but it's mid-May and there's no mentions of mid-years on Teamworks. Are they really not happening?


by
| 21 views | | 17 replies (last 24 days ago) | Reply
Post ID: @OP+1kremvzsq

17 replies (most recent on top)

@e5 I just heard the same thing today

by
| | Reply
Post ID: @1dz+1kremvzsq

They are changing to meets or does not meet so that’s why there was no message yet. HR is retooling to shorten the process to let people go. Managers have been told to mark down every single instance that could be considered does not meet so they will have a case when they cut without severance. This is how terrible this company is. I remember when they used to say lay offs would be handled with dignity and care and people would be taken care of with severance.

by
| | Reply
Post ID: @x9+1kremvzsq

360 review request went out this week

by
| | Reply
Post ID: @ww+1kremvzsq

They weren't even announced until next week last year. Maybe get to the end of the month first.

by
| | Reply
Post ID: @hz+1kremvzsq

@e5 the irony is that when Charlie Scharf started with the company, he complained about how we didn't write good reviews and found a few were one liners. HR Instituted a policy and checked all the reviews to make sure they had at least 50 characters. LMAO.

The wheel spins around. What's old is new again.

by
| | Reply
Post ID: @es+1kremvzsq

there will be a required mid-year discussion for everyone, documented in workday as a check-in. if someone is "meets" or better, no written review is needed and no formal rating is assigned. if someone is "less than meets" a review is required along with the rating. This all will be announced in the next couple of weeks, and the MY review cycle will start mid june as a result.

the talk track on the "why" is to reduce administrative burden, and not "lock in" people's expectations of YE ratings at MY. There are a whole lot of unstated implications as well but draw your own conclusions.

by
| | Reply
Post ID: @e5+1kremvzsq

@am interesting, I wonder how that's going to sc--w me over considering my manager has rescheduled then cancelled every single 1 on 1 we had scheduled since mid-February.

by
| | Reply
Post ID: @de+1kremvzsq

my manager confirmed no more mid-years unless a manager wants to give someone an IM at that time (e.g., to help justify firing them at year end if they haven't improved).

by
| | Reply
Post ID: @bp+1kremvzsq

@ar Mid-years in the past were due by the end of May.

by
| | Reply
Post ID: @b1+1kremvzsq

Don't they communicate about mid year stuff towards the end of May or beginning of June?

by
| | Reply
Post ID: @b0+1kremvzsq

It’s not mid-year yet.

by
| | Reply
Post ID: @ar+1kremvzsq

Like the previous couple of cycles, you will get the emergency self-assessment request at the last minute while you're on PTO and have to have it done yesterday.

They keep changing the dates for when these are due.

by
| | Reply
Post ID: @an+1kremvzsq

@aj This. The mid-year is replaced by bi-weekly 1:1 check-ins that are logged in Workday.

They didn't get rid of the mid-year, they made 25 of them.

by
| | Reply
Post ID: @am+1kremvzsq

I’ve received check-in initiated by my manager. There is also request for self assessment with dates being within Q2 2026. Is this a new way of doing reviews or it is something else?

by
| | Reply
Post ID: @aj+1kremvzsq

Too many people were being rated Meets at mid year and then Inconsistently Meets at year end with no logically documented reasoning.

Gotta hit that bell curve and nobody cares that false performance reviews are happening via fake and falsified ratings.

The Meets rating at mid year serves as evidence that the reviews are a company scam to help them fire even more employees indiscriminately and without severance.

I have seen these fake reviews more than once to people in my group, and am hearing that it is going to happen a lot more, and company-wide. Nobody safe around here.

Stagecoach gonna run u down eventually

by
| | Reply
Post ID: @ae+1kremvzsq

@OP I’ve heard they might be out.

by
| | Reply
Post ID: @ac+1kremvzsq

We can only hope.

by
| | Reply
Post ID: @a5+1kremvzsq

Post a reply

: