Thread regarding Wells Fargo & Co. layoffs

There is nobody left to lay off

Our team is half the size it was just two years ago. Do they not realize that we do actually need people to get things done around here?

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| 1645 views | | 13 replies (last September 14, 2023) | Reply
Post ID: @OP+1ozXXtr5

13 replies (most recent on top)

Many deadwood executives and deadwood managers need to be removed. That's a big chunk of much needed clean up.

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Post ID: @2fnu+1ozXXtr5

Was Tech affected?

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Post ID: @2apj+1ozXXtr5

Our group of ~100 has laid off 1 person in last two years. They seem to be very hit or miss.

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Post ID: @1twc+1ozXXtr5

My team hasn’t been touched by layoffs yet and we’ve backfilled.

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Post ID: @ifu+1ozXXtr5

@kiu+1ozXXtr5

NP for me, but I know lots of higher ups with less than 10. Thankfully no rules apply to them. 😐

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Post ID: @hzr+1ozXXtr5

If you can't do the job, 3 people in India will.

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Post ID: @lbz+1ozXXtr5

Yes, half your team is gone, but they believe that if you can work remotely, you need to be off shored.

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Post ID: @hwu+1ozXXtr5

There are still teams that haven't really been touched.

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Post ID: @iix+1ozXXtr5

If you are manager with less than 10 reports, prepare yourself for a demotion or layoff.

The grim reaper as they say is coming for you.

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Post ID: @kiu+1ozXXtr5

"sir, if we do that the operation will be plunged into chaos..."

"Ok, but will it plunge into chaos for less money?"

That's basically what's happening right now at the top. They do not care about ANYTHING but reducing headcount. Literally nothing else matters to them, including regulatory issues.

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Post ID: @cvb+1ozXXtr5

They don't care. They really don't. They actually think that those people in India with same job titles as you are at same level of knowledge as you. I'm looking forward to them figuring out that is so not the case.

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Post ID: @tfn+1ozXXtr5

Why hire / keep the people we have when we can force one person to do the job of 3 people instead?!

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Post ID: @mgy+1ozXXtr5

No one cares. Your manager will push people overboard to save himself.

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Post ID: @uxf+1ozXXtr5

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