WFC is crashing. More layoffs in next 3 months.
12 replies (most recent on top)
It’s “over”? That implies, rather incorrectly, that it was anywhere good to begin with.
The charade is over, I’ll give you that.
@a1 hunson yards is that in Balmer, Merlin, Hun?
I'd be curious if wf counts the severance cost at the time someone goes on 60 day notice or when they are actually severed
@bc it is long tenure high paying people. I was fired for fake performance reviews so they could avoid 129k in severance and I was paid the lowest end of the scale. I am sure there are dept heads rolling right now after release of those numbers. I am also sure Charlie will still get his big bonus.
@ad about $109k/person. They must have laid off some high salaries with decent tenure for that to be the average.
Should be laying off least experienced people with low severance liability.
Wow, spent $612m to layoff 5600 people in Q4.
Are there any native English speakers in this comment section? Good lord
https://nypost.com/2026/01/14/business/wells-fargo-posts-higher-profits-after-fed-scraps-asset-cap/
this link specificly point out serverage package too high and drag the proft down.. wall street is giving the hint, the poker face should use some nasty way to let employees leave. so ppls on 1/20 laying off probably is the last lucky group who got money...
Getting out of mortgages and retail and moving to credit cards and retail wasn't a good move of Charlie. The stock will never hit 100 this year... Of course the CC cap could just be yet another wrench Pump tossed into the machine. @a1 is right. US teams will be in OH and offshore, CXO's in Palm Beach.
the stock price crashed b/c those idt spent huge money on laying off. wall street idt not happy now.. so following layoffs will be transformed into fire or not meet office hour and let ppls go without severance package
US teams will be all gone or moved to indian.. except those CXO's in hunson yard NY