This information comes from a HR source. WFAM Compliance is going to have layoffs real soon. Individual contributors ranked at bottom by each manager will be impacted. VP managers with less than 6 direct reports will be impacted. M.N. Made an exception and is not requiring 7 direct reports, but 6 or more direct reports are required. When the Private Equity firms complete the buyout of WFAM, employees who are not in hub locations will NOT be moved to other roles within WIM or compliance. HR is using the acquisition to lay-off All WFAM employees that are not located in a hub location. If you are in WFAM or WFAM compliance and work in San Francisco CA or Boston, MA, start looking for a new job now.
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WFAM made announcement last week of sale. According to the new CEO they have reassured no layoffs but rather more hiring and expansion!
Thanks for posting this information. I don't have anything to add, I just wanted to express my appreciation for those that share. Best of luck to those that are impacted!