Wells Fargo Layoffs
Yesterday some groups on the wholesale side were impacted by major layoffs. Anyone have any additional insight on the next round of layoffs which I hear is around the corner?
Which groups?
Next round is 10/27. Then another in mid-Nov and another early Dec. I've heard there will be rounds every 2 weeks through the end of the year, but that sounds excessive...
Do you know which parts of wells will see impact on those days?
Definitely in Wholesale. No idea about retail.
Guess it hasn't been reported in the news yet? Normal 5% for low performers, or larger numbers?
It seems that most divisions within wholesale got impacted at some level. Not sure how many people but it was part of the cost cutting measure
Good luck everyone if the article is correct.
Hope it's fake news. Haven't heard anything yet
Good luck everyone! We will see tomorrow.
But not quite sure why it's tomorrow.
Any news so far ?
How are you guys doing?
How many got impacted ?
We lost multiple managers. One of the verticals on the east coast lost one entire team. Some support roles were also eliminated