Thread regarding Wells Fargo & Co. layoffs

I’m glad you posted this because it was I’ll help me be less anxious when dealing with my leadership.

Look at those downvotes lol. Looks like our resident paranoid conspiracy theorist took that as an attack

OP I appreciate your message. Your title should be corrected, though, to “There is no conspiracy in the Mid-Ranks and Below”.

From personal experience, I do know that Managing Directors and above know exactly what is going on. And to announce “there is no conspiracy” puts accountability on the employees for their theories, rather than where it belongs: Upper Management.

Upper Management has created the toxic atmosphere which has eroded employee trust.
On a scale of 1 to 100, my trust for Wells Fargo leaders is ZERO. I don’t trust their motives on anything because everything that comes out of Charlie’s mouth is either stonewalling or a flat out lie. Every negative action or reaction, on the employees part, is due to some misstep on our leaders’ part. And if you have made it to some level of management, high or low, and you are staying silent or cooperating with the shenanigans- I empathize with you, but also think you have to check in with your own personal ethics and decide if Wells Fargo is a company you take pride in supporting.

This is one reason why our layoffs are a cluster F. People that have NO idea who should/shouldn't be laid off are the ones deciding who gets laid off. Sometimes they get lucky, but by and large it's a failed approach.

I’d say mostly true, although if you are in a role where you have to deal with the consequences or layoffs (like Data Loss Prevention - my role), you are made aware of displacements months ahead of time to ensure controls and strategies are in place to prevent data exfiltration, etc. Just one example, as I’m sure the conduct folks, insider threat people, etc. know ahead of time.

Why is anyone dealing with travel rules when travel isn't allowed?

All seriousness aside, My 1-up and 2-up are good (2-up has never impressed me but they aren't a corporate drone, either), above them is where I draw the line.

Some do and some don’t know even if at the same job level.

Sometimes it’s is dependent on business line protocol, sometimes it’s about the manager above and their willingness/risk tolerance to share and some because they are also up on the block (and have no clue!).

Like most things at WF, it’s very inconsistent.

as a mid level manager at WF I can tell you that in most cases they find out about things a day or two before their director, if they are lucky. while it may not be true in every case I would say in the majority it is. If there is some big policy mandate HR will send managers a communication a few days to a week in advance with talking points for when the company wide announcement goes out. from an org change and layoff perspective they may get asked for a suggestion but won't know for sure until it actually happens, if it even does.

Zero trust across the board w/ management. Maybe my manager is innocent, yet his interpretations of upper mgmt has been delivered in see-saw messages, creating instability on our team for years.

These are real lives w/ families, health issues, financial strain and more. Dangerous to toy around w/ your team in such a manner.

Not getting any semblance of transparency, just more ambigious language demonstrating the current toxicity of the culture.

Give me a break. Managers, all levels, have the scoop. They tell us they don't to preserve the relationships. If they didn't have the scoop then why are they going to all the meetings?

Partly true. I'm involved with a lot of confidential meetings with one down from OC. However, you'd be foolish to mention anything here because you'd be able to backtrack pretty quickly who's spilling the beans. So either people are lying, don't care or just aren't careful.