@tbi. They don’t want experienced people because they have to pay them. They would rather have new people they can brainwash into not knowing what a sh!tshow it is there now with anyone who knows the business gone.
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You guys…WHAT TEAM were you with?
The guy/gal who said the whole team. Which team?
Unfortunately, the more that are laid off, the larger our bonuses will be in Feb.
I noticed some people listed as "zz" today in the system, even someone who I was working with this morning! Were these layoffs effective immediately today?
30% of the NDS underwriters cut today.
what teams were affected? hearing distributed and others
One of my teammates and I were! Mpls home mortgage campus, they claimed it was due to budget cuts, even though we are the two lowest paid employees on the team and everyone does the same work. A joke of a procedure for letting people go and little instruction.
The bank said last month that its total workforce shrank by about 14,000 people in the third quarter, a 6% decline to 239,209 employees.
https://www.cnbc.com/2022/11/02/wells-fargo-mortgage-staff-brace-for-layoffs-as-us-loan-volumes-collapse.html
My entire team was let go, very experienced people.
I was one!