Thread regarding Wells Fargo & Co. layoffs

What’s your experience with looking for another job?

From what I hear many have bad experiences. Some of my former colleagues who were let go last year had been without a job for more than six months. I’ve been sending out my resume for a month now. Never made it to the interview. It’s really discouraging. I just want to leave WF so badly. Now I’m afraid that current job mkt makes me depend on my job here much more than I would’ve liked. Which also makes me fear layoffs more.

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| 1221 views | | 21 replies (last July 28, 2024) | Reply
Post ID: @OP+1tGHuUiH

21 replies (most recent on top)

Very perceptive! I pulled the plug in 2020 at age 62. Never going to work again, in fact I can’t even believe I used to do that. Retiring well is more than I thought it could ever be. 38 years at the same company, no layoffs, no bankruptcies. Ageism is something I read about. Luckily, Damn right I was lucky. Better lucky than good. Scotland was great last month by the way!

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Post ID: @3lqf+1tGHuUiH

@2exj+1tGHuUiH, maybe your post made you sound superior? And also lucky -- given your apparent age you don't stand a chance in this job market should you find yourself unemployed. I figure you're at least 60, and ageism is alive and well in corporate America, anti-discrimination laws or not.

Perhaps you should dig deep down and find some empathy.

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Post ID: @2upi+1tGHuUiH

@1bqw The "WF nonsense" you talk of is that WF is a "reactive" place. They react to what their competitors do. I don't think they have "proactively" done anything. Sometimes companies purchase other companies for their innovation. They blame the "asset cap" so that WF unfortunately has not purchased anything.
Please be sure to realize how WF has made you reactive. Reacting to your manager's review, Reacting to WF's strategic location/RTO policies, Reacting to the "train your offshored replacement task". They have made you a puppet. People don't want to hire reactive people. Take @ciy advice "Be proactive, arm yourself, and go find a great new opportunity that you enjoy."

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Post ID: @2jzm+1tGHuUiH

So 11 negative reactions to the fact the last time I applied for a job was in 1983. Are you not happy unless everybody is struggling? Misery loves company? Pulled wings off flies lately? Keep feeding each others misery, I'm sure that dream job is just right around the corner. It's going to be a long, long ride. Cheers

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Post ID: @2exj+1tGHuUiH

Yup, jam packed full of Troll. Almost convinced myself!

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Post ID: @1zyk+1tGHuUiH

@ciy excellent. What software cert did you get. Several years ago I got an azure certification that no one seems to care about

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Post ID: @1tkh+1tGHuUiH

I agree with the idea of taking a less-than-ideal job and looking in the meantime. I would also consider contract work if that is possible. I have a lot of experience in contracting. It has drawbacks for sure. But at least you would collect a paycheck and might acquire some skills and new knowledge in the process. I would have ZERO guilt about leaving a contract if something better came along. If you are collecting unemployment, when it ends, you are left with nothing. Even a short gig would postpone the day that your unemployment ends.

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Post ID: @1ati+1tGHuUiH

I don’t really remember, last time I was actively trying to become employed was 1983. It seemed to have worked.

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Post ID: @1tts+1tGHuUiH

The job search experience is always a matter of preparation and confidence. WF hinders these things by letting its employees die on the vine. These wearied employees, upon leaving, are burdened with a heavy reality check.

The reality is that in order to be an attractive candidate for new employers, one must fully clean thenWF nonsense off their person and reinvent fully.

WF is the stuck boat anchor leaving its employees trapped at sea. Time to dive into those frigid waters, wake up the senses and do something better with our lives.

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Post ID: @1bqw+1tGHuUiH

@tpq+1tGHuUiH

Agree with this. If you are unemployed take a lower paying job and keep looking on the side for a better one.

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Post ID: @1jbj+1tGHuUiH

Used my leave time “upskilling” and earned software and PmP certification. Found a fully remote job paying 15% more than WF within 90 days and 5 applies. Want event looking seriously. Best party, I collect my severance too (totally OK unless you go back to work for WF in which case you have to return it or stop receiving it). Be proactive, arm yourself, and go find a great new opportunity that you enjoy.

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Post ID: @ciy+1tGHuUiH

Looked for 4 months after layoff. Received 200+ rejections and 2 offers. Went to a different industry. Slightly less pay but much more fulfilling work and capable colleagues.

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Post ID: @crv+1tGHuUiH

If you're unemployed, don't be ashamed to take anything -- and I mean anything -- that pays more than what you get from unemployment. $1 > $0.

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Post ID: @tpq+1tGHuUiH

No secret sauce to it. The market is saturated all around. Just focus on finding your dream job first then reduce when you get desperate. If nothing else any thing that happens during your application process before then just gets you more experienced. And make sure you have your resume peer reviewed by outsiders.

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Post ID: @rtq+1tGHuUiH

"unqualified DEI and migrants. The great replacement"
Get a grip and stop repeating right wing political nonsense!
The market is tough right now, stop making excuses.

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Post ID: @adi+1tGHuUiH

It's tough out there--but don't stop trying!
I've amped up my search and have had a couple of second interviews but get beat out.
I'm a PM and worry that my WF skillset means nothing at other companies.

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Post ID: @yxm+1tGHuUiH

Having Wells Fargo on your resume is not a good thing. God Bless.

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Post ID: @fzo+1tGHuUiH

I should be laid off next year at some point I’m in a non hub. Offshoring most of our functions has started with some folks in India right now. I’ve applied for about 20 state jobs and just got a call for an interview, but like another poster said $30k pay cut. I’ve only applied to a couple of other financial institutions - No one has called me. I want out of banking for the most part. I think people will find a job, but a great job - those days are gone.

I’m in my 40s.

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Post ID: @cfp+1tGHuUiH

I’ve been applying for a month also. I’m getting rejected right away and never had that. If I have a prospect it’s like for $30k lower. My unemployed friends are unemployed still but couple months and say ageism is real. I’m in my 50s and it is. Outsourcing, unqualified DEI and migrants. The great replacement It’s horrible so we can depend on the state. By design.

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Post ID: @qws+1tGHuUiH

I was having a tough time with the Wells provided placement service.
Had a couple of Zoom interviews -- this was back in the pandemic. I am over 60. One zoom interview I was the only Caucasian -- rest Indians.
I got into learning AI prompting. Then I found one startup which was applying AI to job finding (writing custom resume, cover letter, interview tryouts and other things). I helped this startup as it helped me. It worked. Now I am paid almost double than what I was making at Wells. Makes me wonder why I staid at Wells. If you are a tech read Scott Ambler's blog. If you don't know how to use AI you will be on the shelf for a long time.

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Post ID: @zch+1tGHuUiH

It depends on level, field, location, and
Salary expectations. If you are expecting a high paying remote job right now, be prepared to be looking awhile unless you know a connection for the job. If you are open to contract or a position w lower pay and in the office, you may get placed a little quicker.

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Post ID: @lbj+1tGHuUiH

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