Thread regarding Wells Fargo & Co. layoffs

Start applying

You'll thank me in a few weeks.

by
| 3253 views | | 15 replies (last July 5, 2023) | Reply
Post ID: @OP+1nqYGg1A

15 replies (most recent on top)

There really aren’t that many jobs out there - the unemployment rate is much worse than what they’re reporting

by
| | Reply
Post ID: @2mlh+1nqYGg1A

Very few jobs posted, coworkers leaving constantly for the past 2 years, can’t hire talent, failed spineless leadership, tanked employee morale. It’s sad, but that was the plan all along.
If you are lending, WIM, audit, tech etc..look for a job no group will be untouched

by
| | Reply
Post ID: @2scq+1nqYGg1A

Apply for what? There is nothing out there to apply for

by
| | Reply
Post ID: @2oas+1nqYGg1A

Most recent layoffs have been contractors. Alot!

by
| | Reply
Post ID: @uuk+1nqYGg1A

HR can only handle so much displacement, true, but the focus on what defines a "mass layoff" is missing the point. 500-1000 people are getting canned every month. If you're not in that group or it hasn't majorly impacted your specific team, maybe it seems like it's not a big deal from your perspective. If you just got laid off along with most of your peers it looks a little different. It's not my group but I have friends that were part of a group that had roughly 85 people, one day in May it went down to about 25. Now maybe to some 60 people getting canned from one team at one location is not a "mass layoff", but for that group it was a merciless sla-ghter.

Chainsaw will continue to hack away until we hit the arbitrary magic number. Whether it's "mass" or death by a thousand cuts, who really cares. He's coming for all of us either way.

by
| | Reply
Post ID: @hke+1nqYGg1A

/yawn

Wake me up when mass layoffs actually happen.

by
| | Reply
Post ID: @kbh+1nqYGg1A

No, it’s more like saying the sky is falling because a Walnut fell on your head.

by
| | Reply
Post ID: @raj+1nqYGg1A

Please be me. Please.

by
| | Reply
Post ID: @ekw+1nqYGg1A

Aug will be rough. I work in an area where displacements are discussed regularly as part of info sec, etc. Aug has been mentioned repeatedly for the past several months. No other details.

by
| | Reply
Post ID: @mxs+1nqYGg1A

Yawn.

It’s like yelling “fire” but zero info where the supposed fire actually is.

by
| | Reply
Post ID: @kqf+1nqYGg1A

Fake news.

by
| | Reply
Post ID: @sid+1nqYGg1A

Just because layoffs have been under capacity (if true), doesn't mean HR can magically exceed capacity.

by
| | Reply
Post ID: @dqk+1nqYGg1A

August is going to be a blood-bath across the "firm". Review the Quarterly numbers, HR has only been laying off about half of their 2K per month capacity. August will be at full capacity and then some.

by
| | Reply
Post ID: @qaq+1nqYGg1A

Please be more specific.

by
| | Reply
Post ID: @vsk+1nqYGg1A

You'll need to spill more than that to be credible. LOB? HR can only handle so many displacements at a time. What kind of #s are we looking at?

by
| | Reply
Post ID: @oxj+1nqYGg1A

Post a reply

: