Wells Fargo is shedding hundreds of jobs in recent rounds of layoffs around the country and more are expected.
https://www.bizjournals.com/sanfrancisco/news/2024/08/26/wells-fargo-layoffs-job-cuts-wfc-economy.html
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Don’t worry- Srinivas and Pradeep have it under control. There are only six national holidays this month. So they will be there ready to help between the hours of 4am and 6:15am your time. Be sure to provide 8 pages of documentation for one page of work. If you report 2 defects get ready to log 9 defects on their fix.
hundred of jobs, don't they mean 10s of thousands of jobs?
Yeah, if 1000+ people per month isn't "mass" layoffs, I don't know what is. The ivory tower must think people are pretty stupid.
Also, @lrn+1uc0AvSw, correction, we HAD that many, at the end of June. Knock off a couple thousand to account for July and August layoffs. The posted numbers are from 6/30.
Sinking ship, get out if you can.
Since when are any of our processes efficient? Last I checked everything is an absolute dumpster fire and it's the employees problem even though senior leaders won't make it a priority to change anything that actually helps our process and jobs.
If you look at an article about generations that are working at WF; they have a chart that show numbers and percentage per generation. According to those numbers, we currently have a little over 222k of FTEs.
11,000 displaced sounds a lot like mass layoffs to me. Frankly I'm surprised it took this long to reach the media. Now they should report on the mass offshoring taking place.
"Wells Fargo CEO Charlie Scharf said the bank has avoided a mass layoff by cutting staff when it finds opportunities to boost efficiency." WTF??
maybe the word mass is supposed to make readers think there have been very few layoffs
"We work very hard to identify opportunities for employees in other parts of the company so we can retain as many employees as possible."
Biggest lie in the history of lies. They actively work against any desperate attempt by the employee or their manager to escape the cuts. That quote is pure PR BS.
Just continue quiet quitting, as I have, until that magic 1x1 with manager.
Unfortunately the politicians are bought by big businesses so there’s nothing Americans can do about offshoring, there goes your democracy and voice.
According to the numbers in the article, from last June to this June the company shed 11,290 existing employees.
That number continues to climb as the year dredges on. Morale is in the dumpster.
The one bright spot? Payday! (Cheering with my golden handcuffs clanking.)
Link gets you past the paywall.
https://archive.ph/2024.08.26-145748/https://www.bizjournals.com/sanfrancisco/news/2024/08/26/wells-fargo-layoffs-job-cuts-wfc-economy.html
No longer an American company
the reason san Francisco Bay area employee numbers keep going down without layoffs is because they stopped hiring for most roles in this location and when people already there do leave they either don't backfill or backfill in a other market/country.
nice of the media to start picking up on this. Now if they could also talk about all the offshoring as well