Thread regarding Wells Fargo & Co. layoffs

Retail employees

How’s traffic in the branches? What are y’all hearing about layoffs?

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| 1102 views | | 3 replies (last March 17, 2020) | Reply
Post ID: @OP+13Z0YsSX

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Mortgage team shut off the spigot. Said they cant deal with high demand.

I think WF doesn't want to deal with unprofitable loans (Freddie Mac doesn't want either for MBS).

So WF is aggressively not accepting or dragging feet on mortgage lending.

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Post ID: @2xij+13Z0YsSX

Why are our deposits and investments down 20%
Ugh idk could have something to do with the market as a whole

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Post ID: @1dww+13Z0YsSX

Traffic isn’t important as important as production. How are we doing on loans and deposits. People brining money in? People borrowing? I think I know the answer to investments (selling) but are they takin fm their money to other brokerages?

The answers to these questions will determine what happens to the rest of us

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Post ID: @vhk+13Z0YsSX

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