Thread regarding Wells Fargo & Co. layoffs

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According to WARN, 33 were cut in Iowa

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Post ID: @kx+1kfdtqba0

@br he said 2026 through 2027. Hub strategy is currently on hold.

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Post ID: @kw+1kfdtqba0

Do u know if march 31st is big layoff or firing day? I suspect something

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Post ID: @km+1kfdtqba0

@b1 What dept or team?

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Post ID: @kf+1kfdtqba0

@es
Yes, I can confirm the 11 people in MRM.

That is part of corporate risk.

Corporate risk is in for some rough time this year.

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Post ID: @fd+1kfdtqba0

Multiple folks on my immediate team were displaced yesterday, found out this morning the overall team was cut by 45%. Only US positions, naturally

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Post ID: @f0+1kfdtqba0

Des Moines hit HARD yesterday. Women and men crying in office. So sad.

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Post ID: @et+1kfdtqba0

11 people in model risk management displaced yesterday. At least some (possibly all) were in non-core locations.

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Post ID: @es+1kfdtqba0

Yes, a handful of us in COO. 2 of us were in core locations.

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Post ID: @ec+1kfdtqba0

Lots of hits in Texas

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Post ID: @cr+1kfdtqba0

@bk Can confirm; all 35 California IT&V employees let go today.

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Post ID: @cb+1kfdtqba0

@br you are correct. Non-hubbers in Corp Risk will all be gone by mid year. They have been gutting 2LOD and moving a lot of traditional 2LOD responsibilities to the 1LOD. Conduct Risk was already impacted. People thinking Corp Risk is out of scope are trolls or fools or both.

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Post ID: @bs+1kfdtqba0

Not sure why ppl are trolling corporate risk but I know two ppl laid off today. Utah and Maryland non core locations. DF clearly said it’s wrapping up this year in last town hall.

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Post ID: @br+1kfdtqba0

I finally got the call this morning. It’s a relief tbh. The work environment was extremely toxic. The way mgmt talks to employees is disrespectful and disgusting. I worked in home lending under what’s formerly known as home lending shared services. To my knowledge there were at least 4 of us in my group which had 40 people. I wasn’t shocked. Of the 4 of us let go, 3 of us were mapped over and never given a fair chance. All 3 of us received notice today, all were in core locations. To those who received notice today, this is not the end. You will land on your feet. To those left behind, good luck.

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Post ID: @bq+1kfdtqba0

You can watch the troll trying to get the rumor going about corp risk spam upvotes on his own comments in real time 😂

What did they do to that poor id--t to become his white whale

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Post ID: @bp+1kfdtqba0

Was let go in corporate risk today. Not even remotely sad about it.

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Post ID: @bn+1kfdtqba0

No, you are lol

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Post ID: @bm+1kfdtqba0

Corp risk ITV all ITV California including specialty gone

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Post ID: @bk+1kfdtqba0

@bb he’s not lying today

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Post ID: @bj+1kfdtqba0

Looks like more of the crazy guy playing out his weird little fantasies about corp risk again, so a quiet day as usual.

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Post ID: @bh+1kfdtqba0

seems corporate risk finally pulled the trigger on final location strategy today. getting good bye emails from across the country, all in non core

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Post ID: @be+1kfdtqba0

One of the RMs in my office got the news. EMM in the San Diego/Inland Empire Market

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Post ID: @bd+1kfdtqba0

Location strategy in risk today. So excited.

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Post ID: @bc+1kfdtqba0

lol @ how bad a liar the guy obsessed with Risk is

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Post ID: @bb+1kfdtqba0

@ac yep. In corp risk and got the call this morning.

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Post ID: @ba+1kfdtqba0

@ac Corp Risk - I got the call this morning.

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Post ID: @b9+1kfdtqba0

I got a call.

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Post ID: @b8+1kfdtqba0

@ac I’m in corporate risk and got the call today

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Post ID: @b7+1kfdtqba0

@az yep, SF

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Post ID: @b2+1kfdtqba0

Half my team got thanos snapped today. In Global Operations

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Post ID: @b1+1kfdtqba0

Yes. MMB in Texas.

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Post ID: @b0+1kfdtqba0

@aw CA?

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Post ID: @az+1kfdtqba0

got let go this morning due to location strategy.

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Post ID: @aw+1kfdtqba0

I got the call while dropping the deuce in Stall 4. I put my manager on hold to wipe. Business finished.

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Post ID: @as+1kfdtqba0

Commercial Bank being hit today. I had thought it would be after performance reviews.

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Post ID: @ar+1kfdtqba0

CPG got whacked some more today

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Post ID: @an+1kfdtqba0

Loss Mitigation got hit

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Post ID: @aj+1kfdtqba0

With package?

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Post ID: @ah+1kfdtqba0

Looking for my golden ticket!

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Post ID: @af+1kfdtqba0

Does anyone know which departments or specific LOBs? I heard it was supposed to be Corp Risk, big time?

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Post ID: @ac+1kfdtqba0

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