Thread regarding Wells Fargo & Co. layoffs

Mortgage layoffs today

Lots of work directors were let go today in home lending. Our work director, who has worked for the company for 13 years, was let go. Sadly, I was not laid off

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| 2194 views | | 9 replies (last August 10, 2023) | Reply
Post ID: @OP+1o0oC0A5

9 replies (most recent on top)

Hasn't mortgage had enough layoffs?

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Post ID: @2enx+1o0oC0A5

@1jtb+1o0oC0A5

No, he won't. He won't be done until the day he leaves the company. It's literally all he knows how to do, and it's the reason he was hired. Encouraging voluntary attrition, out sourcing, and downsizing is his schtick.

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Post ID: @1opf+1o0oC0A5

Can confirm - 11 Work Directors in Mortgage let go.

Work Directors assist managers and processing teams with reporting and help answer questions on procedures/processors. They are not SAFE licensed so they have no customer contact responsibilities in the role.

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Post ID: @1blt+1o0oC0A5

@isv+1o0oC0A5

Are you sure? How many and what was the criteria? There aren’t a whole lot left outside the east coast and west coast.

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Post ID: @1yys+1o0oC0A5

Charlie will finish axing my end of year

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Post ID: @1jtb+1o0oC0A5

 @oic+1o0oC0A5 - They direct work.

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Post ID: @1knn+1o0oC0A5

51 laid off from Mortgage SPOC/Home preservation today 8/8/2023. Non working layoff. Mostly remote workers.

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Post ID: @1fvu+1o0oC0A5

What in the world is a work director?

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Post ID: @oic+1o0oC0A5

Lots of hmcs let go today

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Post ID: @isv+1o0oC0A5

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