WellsFargo will set aside 5billions for 2025 mega layoffs
8 replies (most recent on top)
Over the last 12 years WF has downsized 100,000 domestic employees. Non-interest expenses have gone UP $5B. Keep telling me it's about cutting costs.
There are no dollar limits on getting rid of US workers. Fu--k you Charlie.
Let's just say that expenses are going to be even more heavily scrutinized (especially in tech). If/when asset cap comes off, then it'll be off to races to increase growth and they'll need money to make it happen.
Honey we know you were laid-off and you're still bitter. Leave this board alone.
I call BS new year announcement. GTFO jacka$$.
5 billion? Pretty sure he said 700 billion.
All I know for sure is that so our profits will be wasted via a combination of severance and stock buybacks.
Dude. It's a school night. Does your Mom know you are still awake? Go to sleep!