Roughly 10% or 20000 employees will be axed in next 6 months.
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I heard tech is affected from the I heard tech is affected guy.
BS. If you were truly aware of things you would know the domestic employee count is low enough that 10% does not equal 20,000...
lower severance expenses still means 10k+ layoffs. Already know of some in multiple LOBs so - use this time to refresh your old networks, reach out to people and let them know whats been going on with you. stay top of mind and keep that resume updated and those annual reviews printed. Be supportive in the office - but only to other normal folk. 👍🏻👍🏻
@a3+1jhrs5dte What is trolls and what is ESL? I am new to this website. My coworker suggested this website for layoffs topics.
They were huge in 2024, so 90% of huge is still really bad for us. Probably another 10k people getting the axe.
I heard it was 200,000
I heard the entire US workforce below OC level was being laid off on February 18, 2025.
I like trolls who aren't ESL
The 4Q Earnings presentation shows that Wells Fargo expects lower severance expenses in 2025.
I heard it was in 2 weeks