Thread regarding Wells Fargo & Co. layoffs

Mass Firings?

Mid-year performance reviews are done with the new stacked rankings structure putting 10% of the workforce below “meets expectations”. So, when do we expect the mass firings to begin?


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Post ID: @OP+1kyd61bck

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The % that gets Inconsistent Meets must be group specific. I’ve heard some teams as high as 50% were to be rated IM.

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Post ID: @ew+1kyd61bck

This is great, yes, living the Well Life!! Can you feel the high employee engagement and boosted morale once these low performers get the axe? I'm so glad the leadership doesn't get laid off because they are doing such a great job. We need to protect leadership because they are so trustworthy. WF has the best leaders and they all have such great reputations.

/s

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Post ID: @ep+1kyd61bck

@c3 I also was told 20% supposed to get below meets. Also was told that meet at mid-year does not guarantees the same rating at year-end.

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Post ID: @ea+1kyd61bck

I was told 20% mandatory

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Post ID: @c3+1kyd61bck

@bj the plan is that 30% will be below “meets”.

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Post ID: @bm+1kyd61bck

I was told 35% would be IM

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Post ID: @bj+1kyd61bck

they began last year, fourth quarter. where have you been?

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Post ID: @ar+1kyd61bck

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