Thread regarding Wells Fargo & Co. layoffs

7/23/24

I heard this was going to be a significant date for the next 🌊Wave. Hold on to your 🏄 surfboard everyone.

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Post ID: @OP+1twI1f7s

20 replies (most recent on top)

When does wave 3 begin please
Tell me it started yesterday ????

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Post ID: @4fyg+1twI1f7s

They leave you in the dark because they know some people will leave on their own and it'll save them a little money. Hudson Yards is all together evil.

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Post ID: @2voy+1twI1f7s

So how many people think that the ground floor in the barn / non fraud claims) is going to be laid off come next Tuesday? All the rumors and speculation. I don’t understand why it’s such a secret. Lay us off, and then go on with your day it’s not hard.

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Post ID: @1lih+1twI1f7s

lol I heard they may actually have to hire some people in tech bc there’s not enough people to do the work

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Post ID: @1vbe+1twI1f7s

Not leaving until they drag my @ss out. I did nothing wrong to cause the sh-tshow Charlie has made in the past 5 years.

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Post ID: @1jgj+1twI1f7s

On average, about 2000 people per month leave Wells Fargo for whatever reason (displaced, retirement, quit, etc.). But they hire hundreds each month, so around 1,000 attrition per month seems right.

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Post ID: @1wft+1twI1f7s

900 people were downsized in 4/30 and another 900 on 5/14. That seems to be the most they can manage on your average 'Tues after a payday' wave of layoffs unless they bring in more help or automate the process more than they have in the last few years. In any case, the next few after those two were smaller, but still several hundred. I'm guessing Q3 will be similar to Q2, which each Tuesday seeing 400-900 people termed. Q4 of last year saw slower layoffs but they still happened a few hundred most Tuesdays.

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Post ID: @1dqy+1twI1f7s

All my bags are packed
I'm ready to go
I'm standin' here outside your door
I hate to wake you up to say goodbye

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Post ID: @1cqe+1twI1f7s

lol, wf cannot cut any deeper than they do every two weeks now, quit posting stuff that comes out of your arses.

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Post ID: @1wuv+1twI1f7s

@knc+1twI1f7s

The entire purpose of the program is to get people to leave. That's the prime benefit in Shart's pathetic mind. He truly believes that the only way to save WF is to completely purge it of employees that worked here before him. Just about all domestic employees go eventually, but he truly despises the 'old guard'.

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Post ID: @1ycb+1twI1f7s

No, it won't. Yet again.

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Post ID: @1lyb+1twI1f7s

Why doesn’t anyone on this site know what gaslighting means?

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Post ID: @1lrg+1twI1f7s

Same bs, different day. The REAL posts always stand out vs these garbage gaslighting attempts.

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Post ID: @1sie+1twI1f7s

@tvj+1twI1f7s lol yeah investors always HATE cost cutting

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Post ID: @enl+1twI1f7s

Someone says this every other Tuesday.

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Post ID: @aaw+1twI1f7s

The investors are schmucks for thinking low risk-high reward exists. They're buying bank stock expecting successful start-up tech company returns.

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Post ID: @dbv+1twI1f7s

My board is waxed and I'm waiting to paddle in. I am sick and tired of watching these sets go by and can't catch one.

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Post ID: @jev+1twI1f7s

What scares me more about the earnings release we're the compensation statements. Almost sounds like nobody is getting promoted or getting significant raises. Yes, they were hard to come by anyway, bit now sounds like it's shut off. And of course the company won't care if the best people leave

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Post ID: @knc+1twI1f7s

I prefer "hold on to ya butts"

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Post ID: @pig+1twI1f7s

Yes it is the biggest wave. Investors are not happy. Wellsfargo is going to cut deeper.

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Post ID: @tvj+1twI1f7s

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