Thread regarding Wells Fargo & Co. layoffs

CIB location strategy

Anyone have any info on this? I read here that csbb a d sim finalized it but at CIB I'm not getting any info. Appreciate all inputs in advance.

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Post ID: @OP+1qGHsNu5

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No, it's not real. Well, it's a real excuse, but that's all it is. Hudson Yards wants to fire a very large portion of the domestic workforce, but they don't want any bad PR, so "oh no, we'd like to keep you, but dang it, we have to close down the building near you..." it's nothing but a pack of lies to trick the public. Tell them you're ready and willing to relocate on your own dime. When they say "no", you'll know the truth. They don't give an S about locations not called "Hudson Yards" and these sick NYC Fs never did.

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Post ID: @2asq+1qGHsNu5

I am in CIB, not that we have hired anyone in a long time, but was recently told that it’s Charlotte, NYC, Minneapolis. Some secondary spots include Iowa, St. Louis, Arizona and Texas. That’s it. Anyone not located in one of these spots is likely being laid off this year. Our team was notified in December that we will have displacements in March. All are in non-hubs. We have some folks near corp. locations and are trying to get exceptions for them to sit there 3 days a week, but that’s even a stretch. Location strategy is real and it’s about to blow up…

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Post ID: @2tue+1qGHsNu5

Will depend on what part of CIB, but primarily it’s Charlotte and NY. There are a couple of support locations like STL, Minneapolis. International locations (e.g. London, Toronto, Hong Kong) and some niche locations for certain businesses in markets (Chicago, Houston, SF, etc). And then as many in India as possible to cut costs. I am sure there are plenty of people spread out elsewhere, but that’s largely been the strategy for a while.

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Post ID: @1efr+1qGHsNu5

Will anyone answer the actual question? What's the location strategy of CIB?

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Post ID: @1jmy+1qGHsNu5

WIM hubs on the main website under Wealth and Mgmt then overview click newsroom. 1st story. Your welcome

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Post ID: @1avb+1qGHsNu5

@1adf+1qGHsNu5

incorrect rumor info in that post

Atlanta is not on the list of go forward markets.

the CSBB list is in fact the enterprise list of markets. what will vary among OCs is which markets are designated growth, specialty or maintain

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Post ID: @1emr+1qGHsNu5

From another thread in case anyone is interested: Corporate Risk hasn't published them yet, but, last I heard it will be: India (leaders going there this week), San Francisco (one if the Market St ones), Dallas, Phoenix, St. Louis, Minneapolis, Charlotte, DC, Hudson Yards and I think I heard Atlanta and Des Moines. I recommend checking the WARN notices for your state. They are usually required when laying off 100+ people at a given site.

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Post ID: @1adf+1qGHsNu5

Someone was nice enough to post the hubs for CSBB in a different thread.

Maybe someone will be nice enough to do the same for WIM in this thread? ❤️

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Post ID: @1xnt+1qGHsNu5

WIM finalized last week...Its in the newsroom

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Post ID: @1neu+1qGHsNu5

Sorry *CSBB and WIM

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Post ID: @pev+1qGHsNu5

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