Thread regarding Wells Fargo & Co. layoffs

Head of Real Estate Valuation Services Suddenly Out

Quite the sh*ttily-run conference call to officially announce it (rumors had been swirling), but he's suddenly out the day after giving his quarterly update to his 1000-person team.

No one knows why -- or at least admits to knowing.

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| 3024 views | | 21 replies (last December 17, 2021) | Reply
Post ID: @OP+1cShcm2n

21 replies (most recent on top)

Chuckle and Scottie are selling mortgage off in 2022 so no need to replace.

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Post ID: @1tcjb+1cShcm2n

Clearly I'm no mathlete. It's actually been 90 days.

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Post ID: @1teku+1cShcm2n

It's been over 10 weeks, and still no replacement has been announced.

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Post ID: @1tooa+1cShcm2n

Some recently assigned training might explain the nature of his departure.

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Post ID: @ihmn+1cShcm2n

Still gone

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Post ID: @hlvh+1cShcm2n

Any updates?

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Post ID: @hsuq+1cShcm2n

Welp, Head of Operations made the organizational announcement this morning, saying the guy had left Wells Fargo to pursue other opportunities. This is doublespeak for fired.

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Post ID: @3yze+1cShcm2n

OMG that call. The invite contained the leader code (isn't that against policy, by the way?), and someone besides the host called in using it (I assume accidentally). This person didn't turn off the join announcements, and we all suffered through hundreds of beeps as a result.

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Post ID: @1zoj+1cShcm2n

Among other things, they value and set policy for valuing residential and commercial real estate.

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Post ID: @apw+1cShcm2n

I’m gonna guess they valuate real estate?

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Post ID: @yyr+1cShcm2n

What is real estate valuation services?

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Post ID: @xmd+1cShcm2n

It may be anonymous but they will pull posts for names. The Ops group a revolving door. The leadership turnover is non stop

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Post ID: @ahq+1cShcm2n

This is an anonymous board, just say it

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Post ID: @fyu+1cShcm2n

I have my suspicions but I'm not politically aligned and am truly in the dark.

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Post ID: @vbt+1cShcm2n

Three guess and the first two don't count on the cause. The trail of tears continues in Operations.

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Post ID: @vwv+1cShcm2n

There was constant loud beeping the entire time and you could barely hear the speakers. No ones phone was on mute so there was a lot of chit chat and background noise. They didn't explain anything other than they brought in a guy 5 weeks ago to replace someone they summarily fired yesterday. Took no comments.

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Post ID: @yub+1cShcm2n

How was the call a cluster? Most of us weren't there.

If someone from the top was on truth serum (yes, I know that's not a thing), it'd be great to ask them how RTO jives with the company shutting down / selling buildings as fast as they can.

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Post ID: @lnp+1cShcm2n

Good to know my calls are like this one and not isolated.

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Post ID: @rdh+1cShcm2n

That conference call was a clusterf8ck

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Post ID: @vmb+1cShcm2n

1000 employees?? Overstaffed for sure. He needs to go

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Post ID: @kjj+1cShcm2n

Totally invalidates everything at that call.

Good luck, duck and cover

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Post ID: @aor+1cShcm2n

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