Thread regarding Wells Fargo & Co. layoffs

Who got hit today?

Seeing rumors about tech and CIB/risk. Anybody else?

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Post ID: @OP+1tSbBpeO

15 replies (most recent on top)

It was a lot easier to find parking this morning at Jordan Creek.

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Post ID: @1lpi+1tSbBpeO

Mgr CS&BB BOS in a hold location

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Post ID: @1zxv+1tSbBpeO

Tech manager in core location who supposedly told her upper manager that if a lot of individuals in her group were going to be displaced then displace her. 2 tech not remote. The blood bath continues

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Post ID: @1ioq+1tSbBpeO

@ecs+1tSbBpeO

Thanks for posting this. During the call did they tell you that you were being canned for? I mean, I presume "location strategy", but obviously it's a fake reason when you offer to move and they decline...

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Post ID: @1ghx+1tSbBpeO

“ Just got let go. Tech. SF core location.”
Can you narrow down the group a bit? Wanting to know what area if in core geo location. Also, we’re you the only one hit?

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Post ID: @kvq+1tSbBpeO

Several remote engineers got hit.

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Post ID: @wow+1tSbBpeO

Seems several tech WFH. That's a known eventual pink slip. Where were conduct mgt folks located (core vs not and WFH or hybrid)?

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Post ID: @ysq+1tSbBpeO

Yes, I (Research Investigator) was one of the individuals in Conduct Management that got laid-off. My Manager wouldn't say how many people she was having to let go today and since I work from home 100% (or did) I have no idea who else was notified of their new updated employment status. I asked about the possibility of relocating to keep my position and was informed that the position no longer exists because it has been out sourced to India and the Philippines. Which translates to no one is safe from being let in the department regardless of Hub/Remote Status. The company will come to regret this decision and ultimately it will cost them more to rehire and retrain people then it did to pay out severance packages. Not mention the talent and knowledge that the company is losing. But here's to happy job hunting to all impacted today or in the future. For me it was a good 16 year run with one company but on to better places with a company that hopefully truly cares for its employees more than for continuing to increase their annual bonus another few million each.

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Post ID: @ecs+1tSbBpeO

Just got the boot.

Tech

Remote

7 teammates same group

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Post ID: @jia+1tSbBpeO

Conduct Management was hit today, at least 12 that's known. Likely significantly more

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Post ID: @pnp+1tSbBpeO

@ada+1tSbBpeO

Best of luck techie, I hope you land on your feet!

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Post ID: @csw+1tSbBpeO

@cne+1tSbBpeO OP is just signal-boosting the rumors he himself probably started

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Post ID: @llr+1tSbBpeO

Just got let go. Tech. SF core location.

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Post ID: @ada+1tSbBpeO

Why don't you stick to the post where you saw these "rumors" and not make a new one

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Post ID: @cne+1tSbBpeO

I know of one tech manager who was in a core location.

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Post ID: @dka+1tSbBpeO

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