Thread regarding Wells Fargo & Co. layoffs

7/13 Tech Business Systems Associates?

I heard this was a date when they may do a mass layoff of the tech business systems associates? Can someone in the know confirm this or will it be 7/23?

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| 2407 views | | 12 replies (last July 1, 2021) | Reply
Post ID: @OP+1bARB8ya

12 replies (most recent on top)

7/13 confirmed for some displacements.

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Post ID: @2bht+1bARB8ya

My role was cut last week and was just an analyst, yet been there for years. Bad luck with promotions (retail fraid thing, covid, you name it as excuses) and they specifically went after the role. Was me and some others on the team but I didn't check off any HR boxes. Productivity, skill, none of that mattered in the end. I've heard it's going to get real bad real soon.

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Post ID: @1fls+1bARB8ya

There are no significant layoff waves in July. Activity resumes in August.

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Post ID: @1nzv+1bARB8ya

Not quite……
Analyst - level 1
Snr Analyst - level 2
Associate - level 3
Snr Associate - level 4
Princ Assoc - level 5

1&2 - non exempt not eligible for bonus
3-5 - exempt, eligible for bonus

Not sure why you think it makes sense to get rid of all analysts first.

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Post ID: @yyn+1bARB8ya

Not quite…
Analyst - level 1
Snr Analyst - level 2
Associate - level 3
Snr Associate - level 4
Princ Assoc - level 5

1&2 - non exempt not eligible for bonus
3-5 - exempt, eligible for bonus

Not sure why you think it makes sense to get rid of all analysts first.

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Post ID: @jqy+1bARB8ya

@mno+1bARB8ya Tech Business Services Analysts are considered level 1 no bonus . Associates are level two . Sr is level 3.

It would make sense for them to remove analysts first.

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Post ID: @nbs+1bARB8ya

an example of letting folks go that know how systems work, it will cone back to bite them

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Post ID: @qkr+1bARB8ya

It is this thursday

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Post ID: @ggc+1bARB8ya

they can both go, waste of money

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Post ID: @wmd+1bARB8ya

SVB stated that he wants 80% of the tech jobs to be engineer, not that all non-engineer titles are eliminated.

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Post ID: @hiz+1bARB8ya

the positions are nearly identical in the job descriptions and pay scale - no idea why both exist

SVB has continually stated that non-engineer positions in Tech are being eliminated, and that the cuts will be steady, not all at once.

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Post ID: @alg+1bARB8ya

That's different than tech bus services analysts, correct? :)

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Post ID: @mno+1bARB8ya

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