Thread regarding Wells Fargo & Co. layoffs

Caution Ahead

We are preparing for the next non-hub layoff. Outside of San Fran? Remote in MN? St-----g it in Colorado Springs? Think you’re safe in Winston Salem? Watch yourselves. I have no proof other than teams preparing.

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| 4600 views | | 34 replies (last August 6, 2023) | Reply
Post ID: @OP+1nWjfqN1

34 replies (most recent on top)

Btw if you check job postings that’s kind of telling which locations are hubs I would guess. Chandler and Charlotte has 100s of postings while Minneapolis and Concord only have a few.

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Post ID: @2vnq+1nWjfqN1

If concord goes away I will meet that bullet point checklist for non hub.

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Post ID: @2zjg+1nWjfqN1

I vaguely remember hearing some "as the crow flies" bullsh-t before. If it's "as the crow flies," it should be stated in the policy.

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Post ID: @1dfq+1nWjfqN1

@vxx+1nWjfqN1 Trying to “qualify” for those conditions is a joke. I met all of them by any objective standard. Showed my boss Google AND Apple Maps but they said nope, don’t meet conditions! They calculate distance “as the crow flies” which I asked how the he-l would that be commutable?!

I mean, the commute would be a breeze if I could just beam myself around but I guess tech will get on that as soon as they find those missing deposits.

Good luck getting your boss to use common sense.

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Post ID: @1ovi+1nWjfqN1

"God I hope it’s concord that goes away- please!!!! "

if they shut down concord, you'll be required to go to one of the other east bay locations or to SF. No severance for you!

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Post ID: @1exh+1nWjfqN1

Enterprise has a list of go forward markets.

Each OC leader can choose which subset they will operate in. Then they need to get to 90%+ in their selected hub markets in a specific timeframe.

The levers are attrition, hiring restrictions and displacements (of course).

HR has made their choices public with the layoff that happened last week. Others have not yet. This is HR "leading the way" by going first.

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Post ID: @1ujf+1nWjfqN1

God I hope it’s concord that goes away- please!!!! I want that sabbatical 😊

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Post ID: @1oth+1nWjfqN1

Thanks @cev+1nWjfqN1 - just looked it up.

ALL of the following must apply:

  • Distance between previous and new work locations must exceed 20 miles (one way).
  • The commute (home to new work) is longer than previous commute (in miles).
  • The new commute exceeds 40 miles (one way).
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Post ID: @vxx+1nWjfqN1

: @npp+1nWjfqN1

Hyderabad and Hudson Yards.

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Post ID: @ymx+1nWjfqN1

If Winston-Salem is on the chopping block then the recent cancellation of the move of all employees from WEC to the Tower building makes sense.

Big “IF” of course.

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Post ID: @hug+1nWjfqN1

"How far away does your current site have to be from a hub to get severance?"

More than 40 miles, but the logic is complicated. Look at Teamworks.

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Post ID: @cev+1nWjfqN1

How far away does your current site have to be from a hub to get severance? Will be meeting with a recruiter soon but will hold off if I can get a sabbatical.

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Post ID: @ecf+1nWjfqN1

What are the final hub cities? I’ve heard the list has changed recently.

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Post ID: @npp+1nWjfqN1

In the name of candor, there should be a chart that outlines each location (incl. remote, except for those w/medical accomodations) and the plan for those working there. Period. This nonsense from leadership is pathetic.

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Post ID: @squ+1nWjfqN1

thanks for the down votes. i said i had no proof but what i do have is managers talking and preparing with cross-training. nobody has definitively come to me and said so and so date. but when you know a skirmish is brewing you know it. you do not necessarily need to hear it from your 3 and 4 down.

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Post ID: @kwa+1nWjfqN1

Is this for the 8/22 displacement date?

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Post ID: @brj+1nWjfqN1

I've been told that those who are not coming in to their assigned locations are being "forced to retire" which tells me they get no severance. Any truth to this?

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Post ID: @mdm+1nWjfqN1

@lrn+1nWjfqN1

I guess the trick is, what's an "approved location"?

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Post ID: @uuv+1nWjfqN1

Bring it!!

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Post ID: @cgl+1nWjfqN1

Pick me already!!!!!

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Post ID: @xsc+1nWjfqN1

plz be all of Cedar Rapids!!!!

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Post ID: @hke+1nWjfqN1

Cut me loose now. Please add Des Moines to the list. So board but can’t resist the easy paycheck. I am the only one from my team here anyways.

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Post ID: @ppw+1nWjfqN1

Are you saying SF staying or going? Is Concord affected?

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Post ID: @wph+1nWjfqN1

End of 2024? We are mid year 2023? A lot can change by then.

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Post ID: @rba+1nWjfqN1

Stop teasing me!

Make it happen, already.

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Post ID: @fbu+1nWjfqN1

Yes if you are not in an approved location and or remote you can expect to be gone by Dec 2024. If u have friends in HR ask, they know and will see cuts in their teams next Tuesday. Just watch.

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Post ID: @lrn+1nWjfqN1

you could’ve stopped your last sentence after “i have no proof”

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Post ID: @lqx+1nWjfqN1

Let me guess 8/8?

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Post ID: @ire+1nWjfqN1

I have recently been hearing rumors of shutting down Winston-Salem in 2024. One source is in CPG.

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Post ID: @tud+1nWjfqN1

I hope tech is affected

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Post ID: @jny+1nWjfqN1

What departments? Or are you suggesting every single employee in a non-hub location will be laid off?

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Post ID: @nlm+1nWjfqN1

This is legit. Heard today from HR. Remote and non hub locations will be gone by end of 2024.

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Post ID: @vkv+1nWjfqN1

Hope so. So much dead wood to cut.

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Post ID: @yxs+1nWjfqN1

So, for the 26th time?

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Post ID: @dqh+1nWjfqN1

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