Could someone please give an estimate as to the number of laid off employees to date and how many are left to be severed. And a time frame that it would take for this to be finished please.
It seems to me that these layoffs, like COVID are going to be the normal for the foreseeable future.
I heard layoffs will be about 25% (66,000ish) of the workforce.
Watch in team works, the number of Charlie’s reports. Have been dropping over the last few weeks. Funny they go up a few hundred and then down 3 or 4 hundred. Still doing a lot of hiring!
I think, there are some areas where some departments are over-employed. Co-location is very important.
once the comany is cleared out then layoffs will be done; the challenge is who lays off the last person left? That is still being figured out
@jxv I so agree.
@kkc said it best.
"I am beginning to better understand why WF has experienced so many scandals and fraudulent behavior, its due to a number of parsimonious, Self-important, demeaning “Team Members”."
I have never worked with so many substandard people (team members) before in my life.
@jeh is right - the productivity is really dropping...
@jeh+16HEOpzy Thank you for the informative post. Best of luck to you in the coming rounds of layoffs. You sound like the right type of Manager to be working for.
The OP did not ask a stupid question.
I came here this morning looking for this same information.
It's literally the reason for this site and it's in the URL.
The Layoff.
@kkc said it best.
"I am beginning to better understand why WF has experienced so many scandals and fraudulent behavior, its due to a number of parsimonious, Self-important, demeaning “Team Members”."
Rocket surgeons.
Its quire amusing yet perplexing to read comments by those with such animus to a simple inquiry made by someone trying to plan their next future steps, groping for any information to make this task easier.
I am beginning to better understand why WF has experienced so many scandals and fraudulent behavior, its due to a number of parsimonious, Self-important, demeaning “Team Members”.
somewhere between no idea and f-off. do your own homework instead of trolling some bs site.
I think they are just starting up. I think Commercial is ramping layoffs up - my guess is that in the next two weeks the bloodbath will occur since 10/11 seems to be a key date. From a legacy Wholesale perspective they have to create CIB and CB control groups and move the leftovers into the CIB and CB COO.
Teams that supported both have to be split or a model determined for current state support (Financial Crimes) then they have to figure out who has no seat when the music stops. My biggest fear is that the people making the decisions have no clue what the vision is for the next 6 months so they are just decisioning by the seat of their pants.
In my group our "leader" could not lead his way out of lighted path and seems to be using this as a way to punish the people he does not like and keep the people who look at him adoringly. It just seems like there is paralysis then fire drills then a lot of talk that is circular in nature while the rest of us try to figure out "just keep working on what you are tasked with" but at the same time getting zero information on what that is.
I manage about 15 people and it is really quiet - like no information and my leadership seems totally unengaged and waiting for a package while I try to keep fighting for my group. It is extremely disheartening.
50, more than 50. End of time.
I should know as I am a direct or Charlie and spend the summers at his Hamptons home.