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Quiet layoff & unnoticed efforts

Software Engineer
Current Employee
Has worked at Wells Fargo for less than 1 year
February 17, 2024
Phoenix, Arizona
2.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Big company brings some stability long term.

Cons

Quietly laying off people by adding more work, giving tiny yearly salary increases, and not noticing some serious efforts on yearly reviews, but noticing small, unimportant negative details to push your rating (and bonus) down.

Unofficial hiring freeze.

Could be a sweatshop situation with long overtimes.

Promotions are difficult; the company prefers to hire senior or management-level individuals from outside. However, I still recommend this company if you understand and agree with the pros and cons.

And if you are a contractor, then it's really bad—three times all negatives, no positives. I do not recommend being a contractor here.

Advice to Management

Pay more money, and try to appreciate employees' efforts more.

Additional Ratings

Work/Life Balance
2.0
Culture and Values
1.0
Diversity, Equity, and Inclusion
5.0
Career Opportunities
2.0
Compensation and Benefits
1.0
Senior Management
2.0

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