Thread regarding Wells Fargo & Co. layoffs

Layoffs During A Pay Week

Can layoffs happen in a pay day week? I ask because there is a meeting for my group of about 80 people next week that is usually scheduled several weeks out. Instead, the invite showed up two business days before the meeting date. Upper management has already communicated a reduction in headcount due to the decline in workload. Curious if the meeting could be the layoff notification or maybe they are going to let us know when to expect the layoffs to begin? Do these Wells Fargo upper management folks typically give this kind of heads up?

I was hoping it would happen before the end of the month. I just want them to hurry up and make whatever decision they are going to make.


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Post ID: @OP+1kyay1210

11 replies (most recent on top)

it could be a "pre notice" which happens sometimes when they are exiting a large number of people at a site.

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Post ID: @db+1kyay1210

Technically, you can be let go at any time. That used to be the way. This two-week cadence thing is a Chainsawism. I guess it takes two weeks to sharpen the teeth after every cut.

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Post ID: @bb+1kyay1210

@a2 LOL nope. DTFR (fraud/loss prevention) in Portland got laid off in 2 large (25+ people) just this past Tuesday.

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Post ID: @az+1kyay1210

might be an org change

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Post ID: @at+1kyay1210

@a9 The meeting title says Townhall and it is in person when normally they are virtual and include other groups within my LOB. The in-person meetings with upper management are usually scheduled weeks out because the upper management managers have to travel to my site. So, I am thinking something big will be shared.

Now that I have taken a good look at the invite it says there will be light refreshments, so I guess this won't be the big one. I saw the invite and thought, "Ok this is it." Didn't read any further.... lol.

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Post ID: @as+1kyay1210

A group layoff happened for EBCE

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Post ID: @aq+1kyay1210

@a2

Only if they’re dumping one person. If they’re dumping an entire group, it’s a group call.

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Post ID: @aj+1kyay1210

Layoff can happen any day of the week .
However, it is usually done on “next Tuesday after pay day”.

It can happen in a group meeting or 1v1.

What LOB or group are you in and does the title of the meeting different from what it is normally.

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Post ID: @a9+1kyay1210

@a2 A friend of mine was let go in a group meeting

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Post ID: @a3+1kyay1210

I've never heard of wells laying off people in a group meeting. You might get news of a reorganization but layoff meetings are 1:1

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Post ID: @a2+1kyay1210

Rare but there is at least one precedent I can recall for it. Good luck!

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Post ID: @a1+1kyay1210

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