Thread regarding Wells Fargo & Co. layoffs

1wzu+1pZlzkVF Right, I remember when that happened.

F being scared. I don't want to lose my job either, I love it, but if they are going to can me they are gonna have to pay. I'm not letting these SOBs off the hook. They have te--orized so many employees that did nothing wrong and didn't deserve to be treated that way. The best revenge at this point is to make them pay every penny of severance.

I am afraid told. I was told that 2024 I will be eliminated from my role. I have a college education and I know everything will be ok but I do not enjoy rapid changes in my life.

I have taken the steps to update my resume. I am just overwhelmed. You are not alone. WF has created such a negative environment since CF was hired. Honestly, it’s better for me mentally to take the package if it is offered and leave.

Get fear out of your head Dude…the battle is between your ears. Play to win… no time for being fearful or scared about the future. Seek the light. I was laid off. Best thing to happen to me. Good luck.

Severance guidelines changed under Tim due to the Sales Practice inquiry per my former leader. I heard they were definitely more.

He privately said the regulators looked at the packages (among many other items) and thought they were the too high and not aligned to the industry. So leadership happily changed them about 6 years ago (less $).

Get a laptop if you don't have one. Go to youtube and enter "use chatgpt in job search". do what @vsu+1pZlzkVF says but use chatgpt or bard.google.com to automate your job search with AI. AI will take the cr-p out of this process.

@zrp+1pZlzkVF Your memory is not very good then as WFC used to do 1 month per and then capped it at a certain point so it didn’t get ridiculous. It only changed to 2 weeks under Shart.

You're not going to make it. Perhaps your life is meant to be an example to others......of what not to do.

https://www.youtube.com/results?sp=mAEA&search_query=I+am+scared+leo

Troll post.

"severance is trimmed back to 2 weeks for every year" I've been here nearly a quarter century and it's always been 2 weeks per year.

Sometimes the specific skills are easily hired. Try posting your resume -without mentioning the name of Wells - and your skills. See what type of hits you get. If it looks good, do you want to bail now and move on, maybe so. Not having a college degree may be okay with many temp firms if you must go that route. It may be tougher to get hired directly from a company without the degree, especially corp jobs. So keep in mind small companies. Also, live off of cash. Google "The Envelope Method". It is how past generations lived. You'll stay away from charging things. If you get laid off, you do. I may too. My situation is similar to yours except that I have a family that depends upon my earnings. Stay in good graces with family and close friends. If you get to the point where you can't afford mort/rent, it is easier to take you in as one person than someone like myself having a family. Good luck.

Op,
Yeah, we get it. It is scary. Happened to me 20 years ago. Laid off, zero savings, and a few thousand in my 401k. Took me a year to find this job.

The bright side.
Your single. That alone is huge. You can go anywhere, and do anything. Your ability to pick things up quickly will guarantee success on the next gig.
Your in your 40's. You have maturity. You can afford to expand your comfort zone. There are other positive attributes but won't go into those here.
No debt. This is huge. Enables you to plow more into savings.

The cr**py side.
Resumes. Your gonna create ALOT of them to match the job descriptions out there. Got to get them past the bots. Tweaking them isn't a big deal, it gets faster the more you do it. Start networking, contact your buddies, join networks, update your profile on LI.
Savings. You stated you don't have much. Big mistake. I know you were paying off debt (good thing) but you still need to consistently earmark monies for savings. Savings protect from the downtimes in your life, consider it already spent when you save it. Because, really it is.
If savings is meager, consider borrowing from your 401K. Explore other loans if at all possible, DO NOT raid your 401k. Absorbing penalties, taxes, and opportunity cost is really not worth it.

You got this. Don’t let them win. I started going back to school. They pay tuition… make em pay up

Not having college in this crazy world we are now living in should be counted as a positive not a negative factor. Case in point: Look at what happened on Thursday when the heads of three of the most prestigious universities in the U. S., Harvard, MIT, and Penn, went to DC to be grilled by Congress on their students outrageous conduct. Each of the three, all DEI selections, fell flat on their faces embarrassing themselves and their employers in front of the entire country. They all had to go home then retract their d-mb statements, too little, too late.
Your self-evaluation comments are way too negative. Easy to see why when you look at all the comments on this WF layoff site. From an outsiders point of view it appears WF has constantly beaten you all down with what seems like horrible policies and protocols(DEI will be the downfall of many other institutions, not just the educational morass) over the last few years. Don't let them get the better of you! I cannot stress how important this point is going forward.
Be strong. Regain the confidence in yourself and go forward in whatever it is you choose to do. It's never too late when you start right now!
Best of luck in all your future endeavors!

baby this place is a dumpster fire and if and when we are gone and look back, you won't miss the digital pixel deposits. let it burn and focus on your body, mind and spirit. reject this trash society everyone is defending. God bless!

Instead of worrying about what you have no control over, focus on what you can control. Update your resume, start researching companies and jobs. Utilize LinkedIn, Glassdoor, etc. As others have said, focus on your skills - not your job responsibilities - those skills are transferrable to other roles, other industries. It's difficult for sure because it's really easy to get caught up in the worry about who - and when - and why - but the bottom line is, none of us knows. Try to redirect your mindset and life gets easier. Good luck.

Don't think of what positions you have held over the years. You resume should describe the skills you have obtained that are transferable to other positions. Talk with someone that can help organize your strengths and skills into a resume and work on how to articulate that in an interview as well.

baj+1pZlzkVF

The a-s kissers only think they are overshadowing people. The ivory tower thinks of them as an expense also, and they will also be downsized. FHY.

I get being scared. The uncertainty of when that shoe will drop. Shift your mindset. We know at some point additional downsizing will come so you can live in fear or take control and use this time to prepare. Update your resume, start looking at companies that would value you as an employee, that will pay you what you are worth. Yea, the initial sting will hurt but then take a beat and just know that better things are on the horizon.

You can't be that person, scared that they will lay you off, cause u have no idea so think positive, or leave now and find something else.
They didn't trim severance down, it's been that way for years, and be thankful you have that as, just in case cause most companies don't have it. They lay you off, and bye, bye.

Same but for different reasons. I feel like after decades to this company I’m being thrown out with yesterday’s trash. I know it’s coming and there is nothing I can do but start planning now and prepare to downsize. This is not how I expected to end my career, a career where I always succeeded and have always gotten great results. Now I’m being over shadowed by as$ kissers who are useless.

Yes, OP, I am too. We all have different reasons to be scared, and they're all just as valid. I posted on here once that I didn't understand how everyone here wants a package because everyone seems so positive they'll leave and land a job immediately. But we will do what posters have said here: update our resumes, be proactive if we want to start looking now, and be sure that we'll come out the other side in a better company. I'm also scared, but also a survivor. You will feel better if you put yourself in control. We've got this.

I completely understand. I am single, too, and feel the same way. Especially in our current and imminent economy.

I won't give a pat answer that "you'll be fine".

It will be difficult and terrifying. It won't be a piece of cake, and things might take time. You might have to have lots of interviews and rework your resume several times.

None of that is "fine".

I've been there before (2008 crash) and I dread being there again.

I keep a sign up at my desk at home that says, "I will, because I can."

We will persevere. We have no choice.

Reach out to others who understand -- on this site and others, as well as in person.

And maybe, just maybe, when all is said and done, our future will be brighter than we could have imagined.

You will be just fine. Once you can get out of WF where you get a .60 raise (if you are lucky) you will land back on your feet. Start now by updating your resume. Get your stuff together so you are not scrambling, life is short figure out what you truly want to do with your life and go for it.

This will be a great blessing for you and everyone impacted even though it may be hard to see in the moment.

You've got this! Stay ready so you don't have to get ready.

Of course you’re scared. You work in a place where you are not valued, so you think you’re not valuable. But WF is not the whole world. You’ll be fine.

At your age, college doesn't really matter any more. It's all about your experience and how you sell it. Even though you say you have specific skills, they could translate into other roles, you just need to sell them.

You’re stronger and smarter than you think you are. Don’t sell yourself short.

“When you come to the edge of all the light you have, and must take a step into the darkness of the unknown, either there will be something solid for you to stand on, or you will fly” — Patrick Overton