Thread regarding Wells Fargo & Co. layoffs

How were “core” locations chosen?

Curious if anyone has actual insight into how the core locations were chosen for each LOB, because some of them really don’t make any sense.

For WIM, Salt Lake City is a core hub, but we have a very minimal presence there. I don’t think I have ever interacted with someone from SLC. Ditto for Dallas/Irvine, although apparently WF intends to grow a much larger presence there across the enterprise. NYC is a core hub, but it requires special OC approval to hire there. Meanwhile, SF, which is still the actual corporate headquarters, is designated a “specialty location”.

Also makes me wonder if some of these are going to be shifted around like in the case of Sioux Falls which was recently upgraded to “core hub” status for a few LOBs.

by
| 1652 views | | 15 replies (last ) | Reply
Post ID: @OP+1u2q53RH

15 replies (most recent on top)

My paranoid mind thinks there's deliberately little overlap in hub cities across lines of business for the purpose of making it extremely difficult for team members to move around in the bank in an effort to drive attrition.

by
| | Reply
Post ID: @4jmm+1u2q53RH

Tell me you went to public schools without telling me you went to public schools. Scroll down, you said...

"Enjoy your child labor, no overtime, "right to work", and junk benefits in flyoverstan, Qt@rd."

'your' obviously suggests that the target of your poorly planned attack is enduring these things, and we're all WF employees here. If you meant it was happening to 'someone else', you have horrendous communication skills.

I've lived in all 3 left coast states. Never saw any "protections" there, but the state did steal more of my money so there's that 'benefit'. The swelling homeless encampments, the riots, rampant gov-encouraged dr-g use, the stealing from citizens to give the money to foreign invaders, the DAs mercilessly attacking law abiding citizens while giving violent criminals a pass, completely nonsensical policing, it never ends. I've lived it and seen it first hand. But go on telling me what the coast is all about, while you're dodging piles of fe--s and hypo needles in a snobbish S hole. The migration of citizens tells the story.

Here's an article on it from a reliable far left organization that you should find understandable.

https://www.newsweek.com/californias-exodus-could-get-even-worse-1912942

by
| | Reply
Post ID: @4hac+1u2q53RH

@2gba+1u2q53RH Nobody said those things were happening at Wells? What on Earth is wrong with you. Read the news: all of that is happening in red states, but nobody is going to ever accuse you of being an expert in "the real world" 😂

Why do you think they chose flyover places for hubs? For all the financial expertise found in Irving? No, same reasons as the I+P outsourcing as listed below. You think Wells would hire somewhere less friendly to business?

by
| | Reply
Post ID: @3gme+1u2q53RH

The core locations were chosen to create viable excuses to downsize / outsource. Not because they legally need an excuse, but they do need a PR strategy and they were selected as viable final locations for the every dwindling US workforce. Add HY because it's a pet project for the POS clowns in NYC and that's that.

by
| | Reply
Post ID: @3oop+1u2q53RH

@2gou+1u2q53RH

You didn't list a single thing that's actually happening in the real world, and constantly talk about hallucinating. Not a coincidence, I'm guessing.

But hey, let's play the game. Any WF employees under 18 years old? Who? Where? Which or our hourly people are not getting paid OT for hours worked reported in workday? Who's getting worse benefits? What are you even talking about?

by
| | Reply
Post ID: @2gba+1u2q53RH

@2oxh+1u2q53RH Nobody said they were protected from layoffs? Again, you're hallucinating strawmen to attack. Enjoy your child labor, no overtime, "right to work", and junk benefits in flyoverstan, Qt@rd. You're working in the middle of the night on the weekend again and dangerously not seeking mental health, sounds like things are working out as expected.

by
| | Reply
Post ID: @2gou+1u2q53RH

@1ebt+1u2q53RH

Look at the data. Most employees being canned are on the coasts. CA, the Carolinas, FL. OR is about to be crushed with Salem and The Barn closing with almost a thousand people getting downsized. Go ahead and explain to the hallucinating crowd how state "labor protections" are doing a damn thing for them.

by
| | Reply
Post ID: @2oxh+1u2q53RH

@ndt+1u2q53RH ok Qt*rd take your meds, looks like you're hallucinating again

by
| | Reply
Post ID: @1ebt+1u2q53RH

I am waiting to see how many senior people who are remote in Florida will be displaced. A number of execs are remote in Florida, all the while they are displacing their employees.

by
| | Reply
Post ID: @1jwc+1u2q53RH

@sco+1u2q53RH

lol, your "labor protections" on the left coast are doing Jack and S. They are canning people left and right. Also, enjoy spending a million dollars on a tiny house in the hood.

And yes, I've lived on the coast, and never will again.

by
| | Reply
Post ID: @ndt+1u2q53RH

@tdn Bingo. And also where our customers are loosing their shirts in commercial real estate with money we lent them. And anywhere when governments give "tax incentives" to "revitalize" derelict, pointless commercial districts.

by
| | Reply
Post ID: @xyq+1u2q53RH

I wonder if it's based on locations where we own the real estates and/or have a large presence. From there it is up to each group to determine which from the list provided by the higher ups they want to use. From there likely based on existing presence, places they want to grow, talent pool for thatkcatiom and where leadership is. Take SF, its core for some, and specialty or not at all for others.

by
| | Reply
Post ID: @tdn+1u2q53RH

Who is a high up with WIM in Salt Lake City? That will tell you.

by
| | Reply
Post ID: @lmd+1u2q53RH

Aside from the coasts, these tend to have docile populations willing to accept low pay with lax labor protections from the corrupt governments, just like India and the Philippines.

by
| | Reply
Post ID: @sco+1u2q53RH

Honestly, I think they chose some of the locations because senior managers were there that they did not want to displace.

by
| | Reply
Post ID: @llj+1u2q53RH

Post a reply

: