Sigh…
19 replies (most recent on top)
Layoffs? Man, I wish there was a site where we could share details and stuff.
@OP No ship, Sherlock...
What’s the rationale behind cutting employees with 10 or more years? Wouldn’t that mean more severance payout?
And what about 40 miles? Those people still have to meet 3 days a week, right?
compliance will have 40% reduction to match BOA/JPM compliance org.
Commercial banking will take a hit
my guess would be risk will start seeing a bunch, especially once the asset cap is lifted
Which area has higher chances of getting golden ticket soon. I see tech is cleaning faster
some level of layoffs will continue every non pay week Tuesday until the asset cap is lifted and CS leaves post resulting stock uptick.
Let Me Guess... Tech????
It's easier to just say that if your are a domestic employee, there's a target on your back.
'Another'?? There hasn't been a 'mega' layoff yet...
Do it !!!!
a broken clock is right twice a day.
Don’t believe you unless you disclose the details.
If you have been with Wells for more than 10 years, or if you are over 60, or if you're 100% remote, or if you live more than 40 miles from your core site, or if you're on leave of absence, or if your pay is way above your peers: you have a huge target on your back, regardless of how well you perform your job.
@b4+1jt7nam1b - what they don't mention is too many non - Indians working in the US.
Pick me. If they allow volunteers and negotiate an exit, they can achieve their goal
The only thing they never say is that there are too many executives. Funny how they get rid of 1/3 of the company but need more suits than ever to run it.
Not news or any secret. It's talked about on every earnings call and all the OC say there are too many people working here. It's underway and ongoing.