Thread regarding Wells Fargo & Co. layoffs

Layoffs! What should we expect this week?

Feels like the shoe is about to drop... what do you think we should expect in terms of layoffs this week? Timing? Communication? Number of employees impacted? I hope employees will post on this site this week about when and what group was impacted. Good luck to you all!

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| 5436 views | | 11 replies (last September 15, 2020) | Reply
Post ID: @OP+16WP9pzp

11 replies (most recent on top)

Dingleberry (CFO) commented cost cutting will be a lot of things, but "mostly people."

We get it, layoffs are coming, please be transparent.

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Post ID: @1adw+16WP9pzp

September 22nd was the date I had heard in various meetings. It looks like it will be the last Tuesday of each month to handle things throughout the end of the week. September has a shorter last week which is why I heard it was the 22nd. Best of luck to everyone.

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Post ID: @1dbl+16WP9pzp

Announcements will go out again like last mont....@end of month. 25th was the one for last month. Not sure of dates as mine were last month. I don't have any for this month. I know some of my peers do.

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Post ID: @hff+16WP9pzp

Third Quarter reporting is October 14, so I imagine it will happen between now and then.

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Post ID: @akk+16WP9pzp

HSA $ you keep. HRA you lose after your employment endd

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Post ID: @opn+16WP9pzp

@jvn might be onto something there. Another project I'm following had monthly releases since last year. They cleared their entire release plan for November... 60 days from this month.

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Post ID: @enm+16WP9pzp

Rumor has it some impacts in tech will be coming soon. Have not heard dates, but given some bits of info are are floating around, probably won't be too far out.

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Post ID: @ozv+16WP9pzp

Do we take health and wellness dollars with us?

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Post ID: @wac+16WP9pzp

I wish they'd just let us know. I went through this last year which I took 18 months of wondering.

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Post ID: @plg+16WP9pzp

Shrewsberry just commented layoffs "will be a little bit of everything".

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Post ID: @oqv+16WP9pzp

I'm thinking we might see some activity this week just because the 16th starts the new time period in stamp and if you add 60 days to that, it lands right on November 15th which is the end of a time period in stamp. Very unscientific but definitely dots some i's and crosses some t's for the bean counters. Time will tell I guess.

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Post ID: @jvn+16WP9pzp

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