Thread regarding Wells Fargo & Co. layoffs

Why was it a Hub in 2021, but not now in 2024?

The positions removed from Richmond were non-customer-facing roles in the division's brokerage operations. More than 2,000 Wells Fargo employees from other divisions will stay on at the Innsbrook office, according to the report
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/wells-fargo-cuts-over-300-jobs-from-innsbrook-hub-8211-richmond-bizsense-62424703

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Post ID: @OP+1uprTQCe

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@1cef+1uprTQCe
Apparently so...(Re: I&P)...
https://m.economictimes.com/news/company/corporate-trends/wells-fargos-technology-extension-onboarded-10000-people-through-the-pandemic/articleshow/87994925.cms

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Post ID: @1mzu+1uprTQCe

The only safe locations are HY and I&P. Everything else will go.

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Post ID: @1cef+1uprTQCe

Just because it was a hub at one point didn’t mean it’s permanent. nothing is ever safe. Leadership can change their minds “due to business needs”. I can see “hubs” going away eventually & there being 5-6 “core” locations & that’s it. SF, NY, Charlotte, Dallas & Minneapolis. The rest get reduced to minimum staff. Just look where most of the job postings are at.

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Post ID: @sws+1uprTQCe

@zlq+1uprTQCe
Well I'm anything bit comfortable. The 2,000 that was left has dwindled down to maybe 200 left. When all have been displaced, the center will close forever.

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Post ID: @uel+1uprTQCe

Don’t get comfortable only safe until the next Tuesday layoff or the location changes.

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Post ID: @zlq+1uprTQCe

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