Thread regarding Wells Fargo & Co. layoffs

@kz - nobody is safe bro

remote but close to hub,
is it targeted as well?
thanks

@az+1ktbkw3a7

Sitting in a random building isn't my job, therefore it isn't work. It's distracting me from my actual work, and it's wasting tons of company money also. Other than that it's great. Shart can't wait for you to be escorted out of his cr-ppy building.

I'm assuming that since you're at EJ, you'd need to compare to WFA or WIM specifically.

WIM has gotten their remote population down below 300, which they are continuing to whittle away. They will do everything they can to bring you into the office even if it's a medical accommodation. if you aren't near one of the 8 major hub admin buildings, then you will be let go in the near future. Nobody is even willing to ask for an exception these days.

Remote employee here, have been remote for nearly 10 years. No one has ever told me to RTO. I’m in Va. and the closest office is Charlotte. So yes, remote employees do have a target on their back but there are some of us who manage to do it. If they displace me, so be it, but I still enjoy the job and can’t make anything close to what I earn here in SW Va.

I'll second @ap

I've been 100% remote for over 13 years now and I live over 300 miles from the nearest hub/specialty location for my LOB. I've stepped foot on a WF owned-property exactly once in that time frame (years ago), and this year is the second time in the past 3 years I've been given the "your job may be affected in Q3" speech.

I'm technically older, and have a tremendous amount of years of service. I fully expect that long-term paid job search this time around. You never know, though. Last time they laid off 3 people who I guarantee did more work than me.

Wells Fargo is a crazy company to work for. I'm glad I left. I hate to tell them the CEO won't listen to anybody and more companies are going back to remote workers.
I hope something happens to him.

Age is definitely part of the equation - per my layoff class of 6/2025, the separation document lists roles/ages. 90% were over 40… it’s blatantly obvious and WF doesn’t GAF.

WF is the worst workplace ever. They expect people to actually come to work 3 or even 4 days a week, if you can believe it. Then to add insult to injury they took away the ability to coffee badge so people cant just drive in, swipe and then go immediately home. They've gotta stay for an actual full work day. Stories will be written about the plight of poor WF workers some day, much to the horror of future generations.

There will always be some remotes, and we do still have almost 10k of them, but then again we had triple that amount in 2023 so clearly they are whittling that group down very rapidly. Remotes are not the majority of layoffs at WF anymore, but they are a significant chunk with each round of the drip drip drip.

To answer your question directly, how it's handled depends on which LOB you are in, how connected you are with higher ups, and some fancy estimates from HR. They have allowed some employees to chose (move or severance) but those offers are calculated and only given when HR has reason to believe that only a small % will accept. Most are never given the opportunity. Some have preemptively requested to relocated and have been formally denied by HR, which makes it painfully obvious that the entire project is really all about firing people, not about location at all.

I don't know how bad Edward Jones is as an employer. But, I can tell you that you DO NOT want to come work for the sh-tshow called Wells Fargo. It's getting worse daily. Horrendous senior management.

There was no incentive for WF to relocate an employee. If you were outside a certain distance you were simply laid off. That was phase 1. Phase 2 is closing offices so they can lay off more. Phase 3 (which ran concurrently) is docking the performance of an employee who didn't meet the ever stricter in office expectations and then firing them for cause.

Bottom line...if you are fully remote and near an office. Start applying for a new job.

Wells Fargo still has over 10K fully remote employees.

Some were laid off, some like myself were told to RTO.

Ending RTO was a two fold strategy. Get some to leave reducing headcount through attrition. Others have been laid off with the excuse of not being close to an office, again to reduce headcount, but without risk of discrimination lawsuits.

Some of those remaining 10K+ will always remain remote. There are always exceptions to the rule.

Remote exceptions either need approval from the OC or a medical accommodation. In order to obtain an OC exception someone will need to prove that the person is business critical and can't be simply let go. However, as you would imagine, that's just buying them time to figure out how to replace them.

Relocate now or get drafted into Team Layoff.