Thread regarding Wells Fargo & Co. layoffs

Does anyone know the total number of people laid off in Home Lending yesterday (Correspondent and HMCs)?

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| 3158 views | | 7 replies (last February 23, 2023) | Reply
Post ID: @OP+1ljeDZ3E

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131 Maryland employees this month.

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Post ID: @1rrf+1ljeDZ3E

Loved this gem from the CNBC article...

"...and tried to retain as many workers as possible."

Yeah, ok. I've been around a while, and as far as I can tell the company, especially recently, has made every effort NOT to retain employees impacted by layoffs. Even the rarely used STAR program was shut down by Hudson Yards. They don't want to retain anyone, outside of the executives in NYC. Everyone else can be outsourced, contracted, or kicked to the curb because of the "strategic shift" or building sales or whatever other excuses they want to come up with. They want to get rid of us. All of us. The feeling is mutual.

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Post ID: @1ogk+1ljeDZ3E

The number is Important because Charlie said Transparency

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Post ID: @1cyr+1ljeDZ3E

140 in Springfield, IL

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Post ID: @1eno+1ljeDZ3E

CNBC is repoover 500.

https://www.cnbc.com/2023/02/22/wells-fargo-lays-off-mortgage-bankers-days-after-rewarding-some-with-california-retreat.html

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Post ID: @1nkn+1ljeDZ3E

If it's not important or troubling, then they can just go ahead and share the info with the rest of us instead of it being some kind of secret. The lack of transparency causes all kinds of issues.

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Post ID: @btb+1ljeDZ3E

Why is the number important?

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Post ID: @ovs+1ljeDZ3E

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