Thread regarding Wells Fargo & Co. layoffs

Any word on layoffs on 01/26

Has anyone heard any rumors of layoffs for tomorrow? I know they are coming just trying to brace myself

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Post ID: @OP+1kSlzn3Q

11 replies (most recent on top)

13 laid off in Bellevue and 18 in Seattle. Just a really bad time to be putting mortgage folks out on the unemployment line with the housing situation sure to turn soon. This market still has legs. Very short sighted.

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Post ID: @1mwr+1kSlzn3Q

How many were affected in total, in the US?

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Post ID: @kav+1kSlzn3Q

Here we go. 2 mortgage colleagues in SEA office escorted out. 3 more have meetings for this afternoon. Time to head home for a drink.

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Post ID: @nnr+1kSlzn3Q

@jxg+1kSlzn3Q Lies

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Post ID: @nmc+1kSlzn3Q

Risk team is in the queue for big cuts. Stay tuned.

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Post ID: @jxg+1kSlzn3Q

It's 9 AM, do you know where your pink slip is?

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Post ID: @gzn+1kSlzn3Q

9am EST will begin the rollout of layoff emails. By 11am EST, all impacted should be notified. They won’t be in-person. The notifications will be email only with the timeline for WARN (where needed) and key dates for equipment return, final check, severance and COBRA. If you’re a normal salaried employee, pretty straight forward. If you’re commissioned, you’ll want to try negotiating your severance. It will be a bit messy with draws, etc.

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Post ID: @doc+1kSlzn3Q

3/23/2023 big one.

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Post ID: @cwr+1kSlzn3Q

Heard this week from an Exec that there will be a big event in March. We are friends and that person has never given me bad Intel. Dir. here…

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Post ID: @yhh+1kSlzn3Q

If we got a meets, but a cr-p raise and lower than expected bonus, does that mean we're on the list?

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Post ID: @yry+1kSlzn3Q

Yeah, many meetings gonna happen tomorrow. Log in early. Be in office to clean out desks too.

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Post ID: @urn+1kSlzn3Q

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