Thread regarding Wells Fargo & Co. layoffs

Commercial Capital Ops Reorg

Just got reorganization notice, anyone know what operations groups might be displaced for wholesale?

by
| 2171 views | | 3 replies (last August 26, 2020) | Reply
Post ID: @OP+16zu2kj6

3 replies (most recent on top)

Control meeting last week gave interesting numbers. A.N.’s Control org size matches perfectly to a large cut coming. Also matches the mass hire E.M. performed last year for Consent order worker bees. Reorg For control commercial capital to happen early/mid October which would align with the 9/22 and 10/20 predictions on other posts out here.

by
| | Reply
Post ID: @4rnb+16zu2kj6

The are moving several different ops business units under different managers, elevating some but it looks to me the like the teams that were left under the old structures might be let go since there are only a few direct reports to those upper level managers now.
Just wondering if anyone has heard anything, it seems really similar to WFCC ops layoff from 2018.

by
| | Reply
Post ID: @ttm+16zu2kj6

What does that mean ? I am sure you are upset .. can you please explain more 27

by
| | Reply
Post ID: @hcw+16zu2kj6

Post a reply

: