https://anz.peoplemattersglobal.com/news/talent-management/over-12000-jobs-slashed-by-disney-wells-fargo-renault-nissan-44654
3 replies (most recent on top)
Layoffs? Here at WF? Don't believe it. Gonna need to see 6 scholarly research papers and all their original sources or it never happened. I'm not saying layoffs aren't happening, per se, but I don't believe any are happening unless you personally provide enough rock solid proof that you out yourself and your methods on an anonymous forum.
WF sent 40,000 jobs to India to squeeze more money but only gained a slight increase in net income from this cost cutting ruse that has created a loss when you factor in all the chaos and poor quality work.
————> There I fixed the article.
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Over 12,000 jobs slashed by Disney, Wells Fargo & Renault Nissan
News • 6th Mar 2025 • 5 Min Read
Over 12,000 jobs slashed by Disney, Wells Fargo & Renault Nissan
Talent Management#HRTech#Layoffs#HRCommunity
Author: Samriddhi Srivastava Samriddhi Srivastava
398 Reads
While The Walt Disney Company plans to cut hundreds of jobs, Wells Fargo and Renault Nissan are set to lay off thousands collectively.
Disney, Wells Fargo, and Renault Nissan have announced significant layoffs, affecting hundreds of employees across various divisions. These cost-cutting measures come amid shifting industry dynamics, economic pressures, and evolving business strategies.
The Walt Disney Company is set to reduce approximately 200 positions, accounting for 6% of its workforce at ABC News Group and the Disney Entertainment Networks unit, according to a report from The Wall Street Journal. The layoffs, expected to be officially announced as early as Wednesday, will significantly reshape Disney’s media operations.
Among the most notable changes is the consolidation of ABC’s renowned news programs "20/20" and "Nightline" into a single unit. Additionally, Disney is shutting down the political and data-driven news website FiveThirtyEight, which employs around 15 staff members.
ABC News will also see structural changes. The third hour of the morning show, which previously had a dedicated production team, will now be consolidated under a single leadership structure.
On the other hand, financial services giant Wells Fargo is implementing another round of layoffs at its Jordan Creek Campus in West Des Moines, according to a recent Worker Adjustment and Retraining Notification (WARN) filing. The latest layoffs will impact 33 employees and are scheduled to take effect on April 4.
These job cuts are part of a broader downsizing trend for Wells Fargo, the fourth-largest U.S. bank, which has been steadily reducing its workforce over the past few years. Since April 2022, the bank has cut 1,044 jobs in the Des Moines metro area alone, including 342 in 2024.
Nationwide, Wells Fargo has eliminated over 11,000 jobs this year, marking the 16th consecutive quarter of workforce reductions. The bank has attributed these layoffs to strategic shifts in market conditions and business needs. While the company has pledged to support displaced employees through severance pay and career counseling, many affected workers remain uncertain about their future within the organization.
The mortgage division, heavily concentrated in Des Moines, has been particularly vulnerable to these layoffs, impacted by rising interest rates and declining demand. Additionally, the bank is shifting its regional operations, consolidating most of its workforce at the Jordan Creek location and selling off office buildings in downtown Des Moines.
The trend extends beyond Iowa. In Oregon, Wells Fargo recently announced closures at its Hillsboro and Salem centers, affecting over 700 employees. The ongoing downsizing reflects the broader challenges faced by traditional banking institutions navigating a rapidly changing financial landscape.