Thread regarding Wells Fargo & Co. layoffs

Anyone heard about quant layoffs?

Just heard some rumors here. Some big reorgs are going to happen in CaPM specifically. Anyone has any insights? Any information will be appreciated. Thank you!

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| 2664 views | | 4 replies (last April 14, 2021) | Reply
Post ID: @OP+1alav4e4

4 replies (most recent on top)

I would think a good quant would ve able to run the data and predict the layoff probability.

It is telling that they dont know.

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Post ID: @1wei+1alav4e4

RMG (formally CaPM) doesn’t even have 750 employees you knuckle head.

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Post ID: @1gbt+1alav4e4

@epp+1alav4e4 - You certainly don't work at WF. So stop spreading rumors.

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Post ID: @1bbl+1alav4e4

The numbers floating around are 750-819 layoffs in CaPM. I'm assuming alot of the newer players are in scope including quants. I can tell you majority of impact will be synergies across the depts. Massive reorg underway on both biz and tech.

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Post ID: @epp+1alav4e4

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