Thread regarding Wells Fargo & Co. layoffs

Head of HR

The head of HR is coming to our site today. We are having a townhall at 9am. The WF site wife is at 11am today. Should our site be concerned?

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Post ID: @OP+1r30iyWm

13 replies (most recent on top)

The CCP lady?

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Post ID: @2chu+1r30iyWm

@1olq+1r30iyWm

Agreed, i think that level of ambiguity will actually increase attrition. Not knowing where your job stands for potentially years is torture! Continuing to put energy into working relationships and projects when you could be laid off anywhere from a month to three years (or whatever) is just exhausting. I agree that i think the timeline will be far shorter than the high estimate. The building feels practically empty currently, especially on the bottom floor. But who knows...

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Post ID: @1ccg+1r30iyWm

In response to @aig+1r30iyWm, we’ve been told that Barnhart will close in 2-4 years but I’m thinking it’ll be sometime this year. It not, by the end of 2025. That does mot mean that all groups will remain until then. I guess we’ll see who/what groups start vanishing.

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Post ID: @1olq+1r30iyWm

@bgx+1r30iyWm
Yeah, this has been widely discussed on this site. Hundreds of people were let go at Sunset + Barnhart between August-February, but John D. recently visited the site to give the news to the other remaining groups.

I believe the timeline is 2 years for all to be let go, but there's a lot of uncertainty about who will be affected and when. I'd guess that the vagueness is designed to increase attrition, since not knowing and waiting is absolute torture. I mean, there's really no reason to drag things out for most groups at the Barnhart since there are many groups who only have a handful of folks working there (e.g. issue management, front-line risk, random tech people). But who knows when each group will be affected...

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Post ID: @hkg+1r30iyWm

No don’t be concerned, they r coming to say hi & lay-off everyone.

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Post ID: @wss+1r30iyWm

@aig+1r30iyWm Barnhart? Were you given timeframe? I’m sorry to hear this.

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Post ID: @bgx+1r30iyWm

Any updates?

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Post ID: @bkd+1r30iyWm

Senior executive visited Hillsboro, OR in person to deliver the news that the site would be closing, so it's possible. Normally folks have a pretty good sense of whether their site is at risk for closure, so i don't think this would be a big surprise.

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Post ID: @aig+1r30iyWm

This is not a Tuesday after payday. You're just being paranoid.

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Post ID: @qyv+1r30iyWm

I agree with the earlier comment that big shots do t do such things. But, it could be that an LOB exec is getting the hr exec to do their dirty job. Otherwise who cares about HR, it's not their turf to have town halls. Either a location strategy related town hall (location closing in 2-3 years) or layoffs.

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Post ID: @lch+1r30iyWm

The top execs rarely dirty their hands/rep by being the ones to deliver layoff news, so you should be ok. For now.

Which site?

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Post ID: @pgt+1r30iyWm

No.

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Post ID: @oql+1r30iyWm

It should say WF site wide townhall is at 11am EST.

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Post ID: @zeb+1r30iyWm

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