Thread regarding Wells Fargo & Co. layoffs

Does anyone know WHEN in Q4 Oregon employees are being displaced?

We were told "in Q4".... have heard from a few by end of Oct, and some said early Oct. It will likely happen on a Tuesday after payday (right?) so that means Oct 14 or Oct 28.... anyone know?? Wish they would be more specific so we know how to plan.

This is regarding employees at Barnhart, Salem, and Portland.

by
| 1497 views | | 17 replies (last ) | Reply
Post ID: @OP+1jwjejk8b

17 replies (most recent on top)

@yf ours were filed December 2024 with the verbiage "anticipated... displacement date to be in Q4" which leaves it pretty open

by
| | Reply
Post ID: @z2+1jwjejk8b

Check the warn notices posted. It will be within 90 days of the filing date

by
| | Reply
Post ID: @yf+1jwjejk8b

@p9 Mostly remote and near Portland

by
| | Reply
Post ID: @sm+1jwjejk8b

@mz Salem? Where?

by
| | Reply
Post ID: @p9+1jwjejk8b

@mz how do you know?

by
| | Reply
Post ID: @p7+1jwjejk8b

There are folks in Oregon being displaced in Q3. We have team members being displaced in July.

by
| | Reply
Post ID: @mz+1jwjejk8b

I heard barnhart will close by early November .. so if that means everyone is gone by then or the people still there switch to wfh.... The mystery deepens.

by
| | Reply
Post ID: @h1+1jwjejk8b

There’s no guarantee it’s everybody/thing all at once right?

by
| | Reply
Post ID: @dj+1jwjejk8b

The Oregon WARN letter states both by the end of Q4 and in Q4. Just the usual WF clarity we’re used to 🤦‍♀️

“…exit Barnhart by the end of 4th quarter of 2025”

“It is anticipated that formal notices of displacement will be delivered to affected employees in 4th quarter of 2025.”

by
| | Reply
Post ID: @d3+1jwjejk8b

I predict June 10th. There is a 70 day leave before formal severance begins, which puts us at least 60 days before October

by
| | Reply
Post ID: @ce+1jwjejk8b

Salute the the Oregon peeps that have held on for their severance. I remember when Portland was a hub and it had several thousand admin workers there. We occupied a large portion of the tower, all of the DP building, offices in Montgomery Park, Sunset Park, and others. It was a big part of First Interstate, and a big part of WF post-merger. It was described as a hub as recently as 2018. Everyone working in current hubs should keep that in mind. It won't last.

by
| | Reply
Post ID: @bz+1jwjejk8b

Though I don't know but in my experience it will be either be Oct or Nov, or possibly Sept even. You said you were told in Q4 which my bet is Oct, Nov at latest. Had you said you were told by Q4, I would say plan on Sept. I know it's torture not knowing so you can adjust and plan. I was given a heads up and it helped me plan and think through some things like how to manage my PTO and adjust my 401lK before that day. Hope you get a precise answer soon.

by
| | Reply
Post ID: @bp+1jwjejk8b

11/25

by
| | Reply
Post ID: @bm+1jwjejk8b

You'll have 60 days to plan

by
| | Reply
Post ID: @bd+1jwjejk8b

September 31st

by
| | Reply
Post ID: @af+1jwjejk8b

@a2 Bunch of folks left in Oregon sites... hundreds (I think 500 ish)

by
| | Reply
Post ID: @a3+1jwjejk8b

Everyone I know in OR has either been displaced or moved to a hub. Who is left?

by
| | Reply
Post ID: @a2+1jwjejk8b

Post a reply

: