Can anyone comment on location strategy wave 2 under TK/Bridget - when will it be complete? And then, is that it for the year? Location strategy only, not efficiencies. Thanks.
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Since there are layoffs Tuesday of every non-payday week, it's hard to know what is and isn't locations strategy. I've heard, on good authority, some Tech LS actions will wait until October. I worried about it for a while, but now its quite quitting until they decide my fate. Big party 60 days after they tell me too!
The only talent Charlie has is laying off people. Wells Fargo has no value as a company.
WAVE2 for Tech is August 20th.
These will be no notice layoffs. That is, you show up to work, a meeting invite shows up on your calendar, and that is your last day. Access will be cut by COB that day.
Location strategy layoffs are being done in phases for every 3 months or so. It will last for 2 years.
The only date I have ever seen for it being complete was after the final expected wave sometime in 2026. With this executive group, it could easily be an annual exercise ala Neutron Jack. Nothing they do is innovative or new.