Thread regarding Wells Fargo & Co. layoffs

Location startegy

Do we know if the location strategy cities is LOB specific e.g. CSBB hubs, meaning all orgs within CSBB have the same hub. or if different orgs within the LOB have its own subset from the LOB city list. Thanks.

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Post ID: @OP+1pnCU5HK

10 replies (most recent on top)

*Subject to change at any time depending on the whim of whatever “leadership” desires on any given day. Nothing is for certain at this place. That’s how they like it. Also, no one really knows what they’re doing.

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Post ID: @1fur+1pnCU5HK

there are two categories - core and non-core (defined at the WF and LOB level). Within core there is sustain/grow/specialty. Non core is planned for exit long term and specialty is basically unique sites that lob's need for certain reasons. If you are in NYC, Des Moines, Charlotte, Dallas, Phoenix you are fine - everywhere else is basically lob specific

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Post ID: @1chv+1pnCU5HK

“strategy” - I didn’t know you posted on this site former President GW Bush.

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Post ID: @1jqi+1pnCU5HK

Chucky and his band of merry lemmings have their own hub at Hudson Yard

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Post ID: @1feb+1pnCU5HK

Not likely lob specific. Among other reasons, having people spread out is a form of contingency during natural disasters, etc.

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Post ID: @fll+1pnCU5HK

Nobody know sh-t not even the ceo

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Post ID: @gor+1pnCU5HK

I believe the overall lob has a list then groups within in can pick and choose from that list. in some cases for highly specialized roles you can get exceptions.

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Post ID: @qnu+1pnCU5HK

At least for tech (WFT), it varies by group. You can find the list on Confluence.

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Post ID: @fjk+1pnCU5HK

It's rare, but possible. For that to occur, there must be a fairly large specialized concentrated population outside the known hubs.

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Post ID: @fva+1pnCU5HK

There is overlap of course, but yes, LOBs can have their own hubs that are different than other LOBs. It's a cluster, not that it could be otherwise. Hubbing only really makes sense if it's being used as a tool to dump employees. That's the only reason it's happening.

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Post ID: @wol+1pnCU5HK

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