News started spreading after the town hall that layoffs were starting soon and some were already offered relocation, some people were moving already or about to start moving. Anyone heard anything or can confirm,
Which locations going?
20 replies (most recent on top)
@3buv I’m not sure why you’re saying that when we’ve already had layoffs in this space. Some partners that review and approve have already been replaced with Indian counterparts.
Asset cap still in place = no material layoffs in this space.
Schart ignoring the RTO ultamatum is a slap in the face to all that comply… Clearly an arrogant / self centered d0uche.
Not a great time to be a credit risk specialist... that's for sure!
Wells Fargo is a garbage firm with a poor excuse for a leader whose only skill is laying off. Any advisor who works for the firm knowing the damage they have and continue to cause consumers is a mo--n Clients are smart and will go elsewhere or not work the advisors.
I was in Risk. Offered Relo. Took it, but quit before I had to move. The C suite only cares about themselves and the shareholders. Chainsaw didn’t move to San Francisco, but wants his minions to move for him. What a leader!
Read the quarterly reports more closely. Revenue is going down, not up. Shart won't really be cutting expenses either. He's going to gut this company, pump/dump, and the pull the rip cord before it all falls apart around him.
The truth is, the greatest risk to WFC is Hudson Yards.
Nothing is going to happen to risk and compliance. They have Charlie by the b***s. The fact that CRO is the only dinosaur remaining from the old corrupt times is a testament to the power he has over Charlie. Truth is he’s got dirt on everyone.
Middle management was hit.
Christmas gift to front line
"Very, very good news for those hoping that Wells Fargo becomes like a regular business again that focuses on revenue generation"
The troll really gave away the game with that one
Why would anyone uproot their family and move for a job at WF? Seems like you could move and then be laid off.
This has been going on for over a year. It hits various angles…location (based on division), type of work being performed (easy to outsource) and I am sure there is a layer for performance. And won’t be done until at least 2026 if not longer.
Some are offered relo while others aren’t and some are offered to relo on their own to keep their job. Some may also be offered to commute to a core location if within a certain distance.
No one is safe…take advantage of resources available now and up-skill and network.
And don’t be suprised if it happens to you or someone you work with. It happens quick for some…sign on…told they are displaced and are offline within hours.
Very, very good news for those hoping that Wells Fargo becomes like a regular business again that focuses on revenue generation
@ 1rzu+1vhivM8f any insight on location
Old news. It already started. People whose office closed and some who were permanently remote got let go a month ago.
I don’t think anyone can confirm anything will happen until it actually starts happening, and the way has always been last minute. It’s as well pathetic that we are all here for information as we can’t get it from our managers
wishful thinking
I guess we’ll watch out for faces disappearing from a place and reappearing in another or not reappearing at all. The last I heard was not in 2024 but no other information was provided
Anybody else hear this rumor I'm trying to start?