Thread regarding Wells Fargo & Co. layoffs

Is it happening?

THE layoffs?

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| 5771 views | | 27 replies (last March 21, 2023) | Reply
Post ID: @OP+1lJ3V18j

27 replies (most recent on top)

Yep, my group typically works about half the notice period, but many groups they yank your access and show you the door right away. It's not a bad deal, you get paid for the 60 days and don't have to work at all. I've never quite figured out why people complain about 0 day downsizing. Same pay, less work.

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Post ID: @1xoy+1lJ3V18j

They absolutely do 0 day notices. This has been happening for several years now. It can apply to layoffs, not just "for cause" situations.

Typically you will still get 60 days non-working notice and then severance. That said, some people may have working notices. Depends on the role and the risk.

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Post ID: @1oha+1lJ3V18j

Layoff Layoff Layoff
Charlie is a Jerk-Off
Will there be an email in my inbox
If not then Charlie could kick rocks

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Post ID: @1tdw+1lJ3V18j

If 11 am comes and goes without a sudden meeting invite, I will be a sad little puppy. Then I'll come here for rumors of another layoff wave next week and keep taking it one day at a time...

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Post ID: @1zhl+1lJ3V18j

My understanding is that if you’re being laid off you’ll get an email invitation out of the blue to join call. Usually the email invite comes around 10:45am for an 11:00am conference call. The call ends up being a pre-recorded message informing you of your displacement advising of more instructions to follow. There is usually a 3 hour window to wind down your work & change your out of office reply’s before your system access shuts down.

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Post ID: @1zft+1lJ3V18j

I have one of those meetings - I'm in UX.

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Post ID: @1ulo+1lJ3V18j

Half my team has meetings tomorrow morning.

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Post ID: @1muk+1lJ3V18j

Those of you with impromptu big boss meetings tomorrow, what areas specifically do you work in?

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Post ID: @1lcv+1lJ3V18j

The meetings scheduled tonight sound more like update meetings to calm the waters or coincidental.

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Post ID: @1gtf+1lJ3V18j

Did someone say that they inform you that you’re being laid off with an email to your personal email?

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Post ID: @1vgh+1lJ3V18j

@1yq
Re:an email from big boss and my other 3 colleagues, 7am pt meeting

Same. 10 am eastern meeting with the big boss and two colleagues.

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Post ID: @1gkh+1lJ3V18j

Hot an email from big boss and my other 3 colleagues, 7am pt meeting, i think this might be it

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Post ID: @1yqz+1lJ3V18j

Still hoping I am included in the layoff tomorrow! I interacted briefly with my manager today, but all seemed normal. I am either not being laid off, or she was told I was and played it close to the vest. Even if I am not laid off, I will still hold out hope for a layoff sooner than later if it seems like this isn't The Big One and there may be other decently sizable waves later.

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Post ID: @toq+1lJ3V18j

Also, hope like he-l they give you a non-working notice. Heard they also give working notices, which would suck. I was/am an underwriter, so obviously got non-working since I’m sure they have a fear of non-ethical behavior.

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Post ID: @cqw+1lJ3V18j

Layoff package sent to your personal e-mail address. They gave us about 2-3 hours after the news to wrap things up and lost all systems access at that time. Make sure your personal info in Workday is up to date as trying to sign in from “teamworks at home” is a real pain if you don’t. Lead time for our call was only about an hour

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Post ID: @wub+1lJ3V18j

Should it happen, does anyone know where the layoff package is sent from?

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Post ID: @jbj+1lJ3V18j

Zero-day notice, meaning you are cutoff (userID zz'd) and immediately begin the 60 day notice period. If not hired back, then severance begins after.

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Post ID: @fcc+1lJ3V18j

I haven't seen any true zero days in the 2 years these layoffs have been happening. Those are reserved for terminations for cause. What I've seen are x hour to 1-3 day max accounts remaining operational to close stuff out. That being said there is no requirement to say goodbye to people you dislike.

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Post ID: @zbk+1lJ3V18j

So is it zero day notice or 60 days? Or zero day notice and 60 days severance?

Small group meeting with the big boss tomorrow morning. 🤞🏻

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Post ID: @rwj+1lJ3V18j

@onc 20+ years here. Agree 100%

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Post ID: @rnc+1lJ3V18j

Remote (10+ years) in technology and this may be it.

If there is a silver lining to the zero-day notice, won't have to craft a goodbye email and figure out who to send it to.

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Post ID: @onc+1lJ3V18j

My understanding was this is going to be an attack on non-hub employees not a mass layoff.

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Post ID: @hsi+1lJ3V18j

tuesday morning...3/21 don't know which LOBs my guess will be in COO

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Post ID: @wdg+1lJ3V18j

is it happening today or tomorrow? and what business line?

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Post ID: @osb+1lJ3V18j

Every day it happens.

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Post ID: @czz+1lJ3V18j

Yes

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Post ID: @xli+1lJ3V18j

Is what happening?

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Post ID: @dgz+1lJ3V18j

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