Thread regarding Wells Fargo & Co. layoffs

"...it will dwindle down"- I agree but it already happened. All the downtown SF employees are now housed in one leased building that has 7 years left on the lease. Do the math. All the owned building were already sold off. We only rent there now.

Late to the party, as usual. Next year wont be great for tech deals.

WF won't exit SF any time soon, but it will dwindle down to a shell of its former self. Matter of time. All tech goes to India. Admin types that must be domestic will go to cheaper US markets. WIM will survive, few other small things. Nothing like SF in its HQ heyday.

San Francisco... now in the next gold rush era.

So much for exiting SF.

@b1 and trust me, Chase is keeping the people who they really want to keep.

Let's hope for the next phase of Wells Fargo growth that doesn't require hiring ex-JPMC execs to succeed. It's become embarrassing how much Charli relies on poaching Chase talent to supposedly "grow" WF.

@aq I think it makes sense if you're really trying to ramp up CIB considering they are revenue producing.

Not the same as a senior manager in risk, compliance or technology.

It's a joke how many "coexecutives" we have. Are these people not capable of doing their job solo? Is this the HY version of "do more with less"? We need to cut about half of Shart's direct reports. We have tens of thousands less employees than we once did. We don't need all these clowns.

Ok?