Thread regarding Wells Fargo & Co. layoffs

Morale is so low

Morale is so low. People think they are safe and they are not. Work is piling on others. More displacement waves are coming. Anyone heard if 9/20 is the last of this year before they pick back up next year?

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Post ID: @OP+1uiu8GUP

6 replies (most recent on top)

They will do layoffs in 4th quarter. It doesn’t stop in September for the year.

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Post ID: @2uyx+1uiu8GUP

Sept is the shadiest layoff one of the last where you won’t get 401k match!

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Post ID: @scm+1uiu8GUP

@psu+1uiu8GUP

Remember, the objective is to motivate as many people to voluntarily resign as possible to reduce their severance expenses. That objective informs everything that HY does. And I mean everything. It's their top priority.

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Post ID: @grw+1uiu8GUP

WF has a tradition of doing layoffs right before Christmas.

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Post ID: @qpg+1uiu8GUP

I think there is a tech location strategy round in October. Can anyone confirm. And why don’t our mgrs tell us, if they know it’s coming?

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Post ID: @psu+1uiu8GUP

Specially true in Technology and in Application Security - an org. run by incompetents..

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Post ID: @ysi+1uiu8GUP

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