#wfr

https://finance.yahoo.com/news/wells-fargo-warns-more-layoffs-203919733.html?fr=sycsrp_catchall
Wells Fargo has cut staff every quarter for the last five years. Its headcount of 210,821 declined 1% from the end of the second quarter and is down 4% from Sept. 30 of last year.

The CEO said the company has instead become more efficient.

“This was not driven by business sales or outsourcing but, in fact, real improvement in our efficiency,” CEO Charlie Scharf told investors on the bank’s earnings call. “We’ve also significantly reduced how much we spend on professional and outside services as well as non-branch real estate.”

Exact numbers of people who will lose their jobs were not shared.

By December. Stay tuned.

USAA went from being a decent to a horrible place to work in the last few years. I'm ready to move on, and it'd be even better if they paid me to do so.

Was part of the Sept 22 impact with effective date Oct 3. Health insurance is extended through the end of the impact month, however FSA cutoff is the last day worked. I scrambled to more a dental procedure from November to mid-Oct only to find out ot won't be eligible for FSA dental coverage since it was not prior to Oct 3. The paperwork provided is confusing at best and no one walks you through it. I am out $1200 of unused FSA because I thought I had til Oct 31. Don't make my mistake.

For those impacted by the wfr and are on a h1b visa, what are the options? Is Juniper going to maintain the status during the severance period?

What is the rationale behind newly formed Rev Ops under David Schmoock? Will it create overlapping roles and lead to WFR? Does it include any updates to Services group?

Hearing rumblings about weekly WFRs underway, any numbers or specific depts?