Thread regarding Wells Fargo & Co. layoffs

Which meeting did you sit through? I was in the last one via teams. Thankfully there were people in there pushing on the vague answers.

*They are indeed pulling out of Oregon, leaving only branches open , and closing Hillsboro and Salem business centers.

*People can relocate to another city, their expenses will not be covered.

*Sounds like they plan on pulling out of the whole west coast, leaving only some branches open.

*Hillsboro lease expires in 2025, they cannot confirm if they will extend it further.

*All full time remote workers will also be let go because they will no longer be within driving distance of an office.

All other answers were so vague, not worth mentioning. Time to accept it people in Oregon, our time is coming. It feels they want to tank morale in hopes some leave on their own.

After meeting thoughts: this seems like a form of Constructive Discharge. Notice how they didn’t speak much on relocation efforts, remote opportunities, displacement resources? They dangle just enough information to get you thinking your only hope is to jump ship.

Ok, what happened OP?

Does anyone know if there will be lay offs to Wells Fargo Home Mortgage Collections in California?

2 days ago by Anonymous | 5 reactions (+3/-2)
Post ID: @1slh+1qqEaPFz

Why can you see the reactions?

Wells reports earnings Jan 12, before the opening bell. By then I bet CS will have convinced the street that his "firm" is well on its way to doing what it will announce to you on Jan 9. Any takers?

This will not be a layoff meeting per se. This meeting will cover how "fargo", Wells Fargo AI, will take over your job. In the meantime, you are to "train" your AI replacement.
Remember they will try to get you to leave on your own accord so that they don't have to pay severance. Please keep us informed on how miserable they are making you.

Thats what they did to Regional Service Consultants groups. I hope your team survives

I feel for you guys. Only a matter of time before we all get axed. Then it's off to a paid 1 year vacation and early retirement.

Does anyone know if there will be lay offs to Wells Fargo Home Mortgage Collections in California?

if a layoff meeting it would not be announced until the morning of

hello Will there be zesty ranch corn puffs and orange fanta

Yes, I'm also in Oregon. We heard it called a roundtable in person with senior leadership(.Didn't realize it would also be virtual. There have been lots of senior leadership changes and the global survey, so seems more likely that than a layoff. But, who knows. It would be awful to go through the process of accepting volunteers to attend the roundtable, only for a layoff for the lob or site.

Most of them, yes.

Aren’t all the Oregon sites closing?

Short of massive pay raises, I'm not sure what WF can do as far as "damage control" anymore

"What State are you in and what Line of business? "

We are are contact/collections center site in Oregon.

I didn't post this thread, but I'm in Des Moines and got a notification for this town hall last week. Seems like a pretty normal thing? It was announced to coworkers of mine in other states as well, just like normal.

Sounds like damage control.

What State are you in and what Line of business?

What location?

I have work to do and don't care what liars have to say. No townhalls for me until Shart gets the golden parachute and goes away.

Monday(s) might be good reason to take a personal holiday, as was advice on a previous post. Use it or lose it right?