Thread regarding Wells Fargo & Co. layoffs

More layoffs coming next quarter.

SFTE numbers are in. Multiple layoffs now planned. Many branches to lose service managers and going to a one manager model with less tellers and bankers requirements to spend 40% of time on teller line.

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Post ID: @OP+1fUv7H5N

7 replies (most recent on top)

I dont think there will be any tellers or service managers displaced.

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Post ID: @8jzz+1fUv7H5N

@1mik+1fUv7H5N
July guy above is right, call centers in fall, the tech layoffs are pending status of several large projects going on.

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Post ID: @2gin+1fUv7H5N

Per water cooler collaboration: next big round in July for multiple areas with focus on those at non hub locations and listed as remote. Maybe more details but hard to hear/understand people talking while wearing a mask.

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Post ID: @2qjw+1fUv7H5N

We all know layoffs are coming in branches, that's a certainty, the real question is: "where else?"

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Post ID: @1mik+1fUv7H5N

@1fva+1fUv7H5N
Multiple. And this won’t even be the big round.

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Post ID: @1cpr+1fUv7H5N

We could lay off half of marketing and the other half wouldn’t have 40 hours a week worth of work to do. But marketing is not only safe, we’re hiring.

What a joke.

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Post ID: @1mtd+1fUv7H5N

Which roles are being laid off in branches?

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Post ID: @1fva+1fUv7H5N

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