Seems like there has been some impact to front line jobs for CIB. Does anyone have any intel ? Also with the costs cuts happening within CIB front line why are the second line teams not getting impacted especially teams such as operational risk... — read more 

Back down below 40 even when we stand out as among the strongest banks in the recent crisis. We should be one of the main beneficiaries of the wave of incoming deposits from customers with over the FDIC limit at other banks. I’ve read new deposits... — read more 

Does WF have the most active lay-off community on the site? I’ve never seen anything like this

Tomorrow’s the big day. What will you do with the rest of your day after your meetings?

Will they roll the dice with .5% increase and watch the banking sector cave in like SVB because their Treasury investments are in the toilet? Is Charlie buying bonds? Does he care? He's already made over $100M on this WF circus, the greatest sh*tshow... — read more 

Looks like JPM is considering another bailout for the bank. Stock price still falling past another 45% decline.

It's like you think the world should only hold space for you and what you think should be acceptable. Either WF needs to stop with the training or amp it up cus it's obviously not working.

Cutting Corrrespondent was a compromise

and I'd just like to say "F off" to the worthless clowns in Hudson Yards. FRTO and eat the peanuts out of my S for turning this company into a BS laden day care where nonsensical corporate time-wasters and fake DIE initiatives are much more important... — read more 

This clearly wasn’t a “mass layoff.” Sure doesn’t seem like it. Does that invalidate many of the sources who frequently post on this site? Or, is it a case where that was actually the initial plan, and it’s been delayed due to the recent baking... — read more 

They have created so many new teams under Steve H. Will all of these teams survive layoffs??

Any Layoffs in Chandler?

Any layoff in corp risk ? Or they planning on in foreseeable future?

Feel free to correct the rudimentary assumptions I'm making. Per the last 10-K, on 12/31/22 there were 238k employees with 19% offshore. Obviously the numbers are different now, but for transparency purposes, I will use these figures. That means... — read more 

I wish someone can explain the selection process for layoff if not the manager. Is it tenure, pay, performance review? Is it random. I don't understand hard-working, well respected people being let go and dead wood with more pay left working in... — read more 

If you’re sitting in front of a WF issued windows device, it was imaged using COSMIC. That little icon that looks like a Xmas present in your systray, is the COSMIC agent. It’s what’s responsible for spinning up that device. COSMIC requires frequent... — read more 

There were no layoffs at all, anyone can say they were so and so and got laid off today but lie about it. If that were the case, man up and post your name here. That’s really the only way we could verify if you were truly laid off. There are weird... — read more 

Just wondering if there would be signs or it's a surprise

Heard layoffs were first thing in the morning from an affected co worker. Are they done or just going down the list? I still have hope.

So far I heard of 12 people across the Tech world that got laid off today. Some being in hubs and some that were not. So let's see how many more and when will it happen again.

Just got laid off after 10 years.

It is always very telling what the board doesn't want passed- "annual report on prevention of workplace harassment and discrimination" board recommends against. Kinda puts those anti-harassment and anti-discrimination classes we just took into... — read more 

Anyone affected along the entire east coast should know by now. Of them, a fraction would have made a post here...yet we have barely seen a thing. Has it been delayed?

Report it as phishing and move on with your day.

If you are impacted by today's layoffs, please comment below with title and location. (remote or hub.)

Received email for meeting today at 730. Let go from CAO supply chain. No notice and I was a sourcing manager with staff. FML

Wooo! Godspeed all! Time to “Chuck” the chaff and get rid of all of these mortgage monkeys. Loan consultant, loan specialist, private mortgage banker. All synonymous with dead weight. Good luck y’all. Time to actually get a productive job that... — read more 

Tighter Credit Conditions are Immanent - Look at the chart, all banks to the right of SVB are likely already reorganizing their balance seets https://archive.is/ihCTw/5d4e69d839a96f47202e46fc37c336aa1aa90b3a.avif Source: Paywalled:... — read more 

My 401K is down 8% this year. I was planning to retire in Feb 2024. I guess it'll not happen. Bummer.

Norton became a board member at Credit Suisse after she left the CRO role due to her stellar track record of managing risk here.

Uninsured 5B lifeline from WF and others to stabilize FRB. They dropped 45% today, S&P ratings cut.

Can someone explain how an entire over bloated team that’s sole job is to publish procedures the business can revise/publish themselves is STILL standing when they support all of mortgage? How has this team avoided ANY layoffs??

Highly compensated people laying off less compensated people because they're too expensive to keep employed.

What the heck?! We gave First Republic Bank $%MILLION dollars last week, along with some other stupid banks, and today their stock is STILL TANKING and their credit rating is also tanking. Good Job Charlie ol boy!!

THE layoffs?

The leadership doesn't hold employees in high regard. This should be common knowledge. They see me and every single one of you as just another replaceable cog in the machine, always on the hunt for someone who can do the job for less. It's not... — read more 

WF is now called a systemically important bank (SIB)

Does that mean you're not going to get laid off? ;)