Thread regarding Wells Fargo & Co. layoffs

Org changes to Affluent Cust Segment and Field Support Structure

There was a lot of content in the email Mary mack threw out at the end of the day today… anyone know which positions this all impacts exactly?

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Post ID: @OP+1jMfgYKB

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@2hsm+1jMfgYKB

Yes the flex loan focuses on a totally different group of clientele.

For our high end clients (which is a major company focus) see Wells Fargo Premier. It’s been a huge initiative over the past year and a half or so.

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Post ID: @3qdp+1jMfgYKB

Not in that group, but are we going affluent or low end? New products like Flex Loan seem to be targeting people that tend to overdraft.

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Post ID: @2hsm+1jMfgYKB

Does anyone have the content of the email they can post

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Post ID: @1wya+1jMfgYKB

it impacts every position for every person and group named in the email.

It was a lot.

Several high-level displacements.

The teams/people that weren't displaced, now are part of new groups - and there will then inevitably be further restructure to make it more "efficient" - and more layoffs

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Post ID: @kec+1jMfgYKB

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