Thread regarding Wells Fargo & Co. layoffs

Tip of the iceberg for layoffs in mortgage. Rates will continue upwards, apps downwards, and the resulting economic fallout will only amplify the effect. It's a cyclical industry, but this is gonna be a bad one. If leadership is smart they will take advantage of this down turn and update our mortgage business to be something more like a rocket mortgage or what have you. Leaner, faster, more automated and more responsive. It's the perfect time. Well, 5 years ago would have been the perfect time, but now is better than nothing.

@rcx+1gMysSsd

You haven't spoken to many people then. I know several that regret it, mostly from layoffs, but still.

I’m sure when there is a giant influx of work, there will be equal press coverage about how we are hiring and adding jobs?

If you haven't noticed, rates are rising and apps are way down. What do you do when there is no work?

Six dozen... is that really easier to say than 72?

They're reporting on the layoffs that happened in April and this month. Nothing new. The Iowa WARN site listed the numbers.

48 people is nothing, Please.

Des Moines and Minneapolis are two waste lands that should be exited.

Article should highlight how lucky those employees are.....I've never spoken to anyone who has regretted no longer working for WF, even if layoff was the manner in which they left.
This place is dysfunction junction. So much effort in so many back office roles is put into trying to appear like you add value while working on pointless tasks, reviewing spreadsheets, updating PowerPoints, giving other bullet point updates, meetings that accomplish nothing except give a temporary (and false) sense of being busy.
It seems nearly every day is laden with conference calls full of confusion, or a lack of agenda items (especially for recurring meetings), and people jockeying to appear engaged/helpful but also strategically ensuring they don't end up with any work.

Can someone copy/paste the article text? It’s behind a pay wall.

Corn.

Lots and lots of corn.

So much corn, not enough mortgages.

I love Des Moines

More to come.