Thread regarding Wells Fargo & Co. layoffs

Will all of 333 Market street be laid off eventually ?

Why is the building so dead and quiet

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Post ID: @OP+1jrybb2e5

13 replies (most recent on top)

You mean the fake headquarters is just an empty shell?

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Post ID: @gf+1jrybb2e5

@c4+1jrybb2e5 They’re hiring in HY because Charlie is there and building the empire. Years ago NYC was a no hire/limited hire because of cost. I think we had 42nd st and that’s it plus a place or two in NJ. Then some changes happened a few NY people were hired. I remember one guy was from NY but moved to Phoenix or visited quite often. He hired his entire leadership team out of NYC.

Re 333 being empty It ain’t just there. Chandler is nowhere near as busy as it had been. Either people aren’t coming in or they’re gone. There are many empty cubes on my floor even midweek now.

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Post ID: @dq+1jrybb2e5

They are closing 420 Montgomery so may be moving all the employees to 333 Market.

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Post ID: @d9+1jrybb2e5

@c4+1jrybb2e5

CEO personal preference. Also, HY may be a hub, but high level authorization is needed to actually hire there. Most paper shuffling admin roles are not eligible, they'd rather hire in cheaper places.

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Post ID: @cb+1jrybb2e5

Who is left there and why would anyone care? We will experience major changes likes those you have never seen before as soon as asset cap is lifted.

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Post ID: @c9+1jrybb2e5

@bd

I can't imagine NYC is much different than SF in terms of cost. If efficiency was the main reason, why Hudson Yards and all the NY hiring?

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Post ID: @c4+1jrybb2e5

Yes

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Post ID: @bk+1jrybb2e5

@a5+1jrybb2e5

Has nothing to do with the current president. HY looks at the SF regime as not only being irrecoverably tainted by scandals and mismanagement, but also incredibly inefficient due to the extremely high pay / cost of living. SF will dwindle away to nothing, just like Portland, until there's nothing left but sales people.

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Post ID: @bd+1jrybb2e5

If the building is quiet it's likely because no one is doing their 3 days in the office. Most downtown SF staff groups have moved there.

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Post ID: @b9+1jrybb2e5

Why the h_rd on for 333 market?

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Post ID: @ab+1jrybb2e5

India

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Post ID: @aa+1jrybb2e5

Considering this administration is trying its hardest to hurt the blue states but enacting policies that will destroy red states faster, expect that 333 Market will last longer than Des Moines or any other hub in flyover country.

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Post ID: @a5+1jrybb2e5

For sure, or moved to NY

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Post ID: @a3+1jrybb2e5

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