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1 vs 5 Million - no lifestyle change
https://www.bloomberg.com/opinion/articles/2020-06-17/hsbc-may-need-more-than-35-000-job-cuts-after-covid https://www.abc15.com/news/business/wells-fargo-signals-substantial-layoffs-ahead
Check out banks exposure to energy loans on their form 8-k and 10-k. Next earnings reports are going to be interesting.
Wells Fargo has been having problems for a while. They took a big gamble on cross selling products to customers a while back and lost. If you are interested in the topic I suggest you look up the Wells Fargo video by Company Man on YouTube
Why do you keep posting this? Check out this post! "Wells Fargo layoff machine to crank back up by the end of the year. (Layoffs)" https://us.teamblind.com/s/FMQqatQV