Will the location strategy continue in 2026 where they want most teams to be physically located together?
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Location strategy is a permanent strategy now. All the financial firms are doing it. As far as STL, lots of rumors. I wouldn’t be surprised to see most of the Ops groups continue move to Charlotte (maybe Dallas). Been happening all of 2025 already. It was already disclosed in a town hall that they plan to go down to 1 building in STL. Heard by 2030 STL will be gone. Who knows?
@dw StL here, we were told we are fine all of 2026 in my group but probably not through all of 2027. We shall see.
My group in StL is tentatively done June of 2027 "supposedly" Im sure all of StL days are numbered over the next 3-5 years.
@jp any news for corp risks?
@g7 Depends on the business unit - there have been exits already and I know of more for the beginning of 2026 but every BU is on their own timeline for which markets they exit when.
@dw I’m in STL and have heard rumors but nothing official. Wouldn’t surprise me though considering we were originally told earlier 2025 they wanted our teams to be split 50/50 between STL and BGL. Now our BGL team size far exceeds STL and they aren’t replacing STL people who leave or get promoted.
when will WF exit southern CA and Orange County locations? Being waiting…
bay area will continue to be a specialty market, similar to NYC. There are specific categories of talent in both of those markets that WF can't do without... and WF isn't enough of a prestige name on the resume to make it worth moving to charlotte or dallas (or anywhere else for that matter that's not NYC or SF).
SF/bay area will continue to shrink, similar to NYC as additional restrictions about what kinds of positions can/can't be hired there... but it won't be an exit.
Isn't CA moving to Ohio?
Keep hearing about the STL site closing within a year. Anyone else hearing anything of substance about this?
Did they exit all of Sacramento?
California, especially the bay area remains a specialty market for most LOBs and while there is very little hiring happening in CA because of the number of people supporting various functions they can't just cut it all at once. as it slowly trickles down over the next few years it will disappear all together for back-office functions and your only option to stay in CA will be in a branch or in commercial banking.
Have most California locations been exited?
Yes, some of it will spread into 2027 because limits on severance, but it's still marching forward.
Yes, that hasn't changed. Some may be soared because they reduced the severance in 2026. It'll pick back up in 2027
Yup. But less locations. CAO is down to 4 now I think