It seems 5% so far. I am sure the largest wave hasn’t come yet.
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Their layoff total is less than 1000 per scheduled week. But they can focus one group this time to reduce the headcount from 11k to 5k. Don’t know it will happen.
5 out of 14 on last 12 months
35% in Risk and well spread it across hub and non-hub sites
@d3 they should move some risk people to marketing or finance. Then the problem is resolved.
What about other lobs? Like HR
30% across Corp Risk. They want the Corp Risk team member total to be 8000+ from 11,000+ in order to align with other major banks.
@bv 33-50% by end of next year?
We were told 33-50% and we have around 550 in our group.
WF keeps filing for H-1B visas while laying off domestic American workers.
https://h1bgrader.com/h1b-sponsors/wells-fargo-bank-na-510jeye2vo/lca/2025
We just had 42%