First thing in the morning..thanks BizJournal.
https://www.bizjournals.com/sanfrancisco/news/2026/02/10/wells-fargo-layoffs-sell-real-estate-wfc.html
18 replies (most recent on top)
The butt that never stops s**g
@bg JP Morgan Jr.
I made it out, and my life has never been better!
We need a LOT more layoffs.
I would like my stock to climb! extraneous hangers on be darned.
@a7 Yeah, it's crazy that people don't this!
Funny how we have decreased our headcount 25% but there's always room for more do-nothing over-paid executives.
We've downsized over 105,000 domestic positions since the merger. If that's not apocalyptic enough for you, just keep watching. It's literally a matter of time, for all of us.
March 3rd. It’s the worst kept secret at the moment.
@aw He's the one saying that though? Look at the first comment. Not sure if you're replying to the right person. I'm the one saying those rumors all bullsh-t but this is an actual story?
@aj
They're right. If every 'Layoffs are coming!' post was true there would not be anyone with the company today.
@ag Oh ok so you don't know what you're talking about then, and you're so well adjusted you circle back to an ex employer to make other people miserable.
Not quite the flex you think it is, but definitely on-brand.
@a9 you are right, but add to that how efficiency via headcount reductions is short-term. Destroy culture, destroy growth, the company is done.
@ac
pssst... I made it out. And am doing rather nicely.
@a9 JPM is more efficient because they have more modern systems and technology. There is a 40+ yr old system still in production and they are talking about ai integration 😂😂
@ab Nailed it. His mission is to make people as paranoid and miserable as he is.
The rare actually-real layoff news on here and its immediately attacked by the troll for not being apocalyptic enough. This place lol
JP Morgans efficieny ratio is far lower that WFC, and Chainsaw Charlie is envious.
There are two ways to improve a bank's efficienty ratio: fire people or grow the business.
Chainsaw Charlie is only adept at one of those. He's no Jamie Dimon.
@a6 it's insane that people still don't this. Posted all the time like it's some surprise.
Are you serious?
Read my tips: LAYOFFS ARE A REGULAR PART OF THE FORESEEABLE FUTURE. Capiche?