Thread regarding Wells Fargo & Co. layoffs

Severance

Did they announce how much severance the firm is putting aside in 2025, like they did on 2024?

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Post ID: @OP+1jhzk6mjh

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Severance expense was projected to be $979m in 2024, actual was $647m. Expected 2025 severance expense is to drop $500m, so it appears only $147m projected.

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Post ID: @e5+1jhzk6mjh

Severance experiences are lower because they are just going to terminate staff for non-performance as opposed to handling out participation awards. Welcome to 2025 everyone. May the odds be ever in your favor.

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Post ID: @dx+1jhzk6mjh

Severance lower by 2% compare to last year lmao

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Post ID: @de+1jhzk6mjh

Loved season one! Season two just started on Apple TV+

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Post ID: @ch+1jhzk6mjh

The 4Q earnings presentation stated they expect the severance expenses in 2025 will be lower.

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Post ID: @a1+1jhzk6mjh

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