Remember when "nothing really happened" on Tuesday 8/8? Yeah, over 1000 people got layed off. All US employees and many of them remote. This will continue until we're all gone.
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Over 5k this year. 700+ in Sept with 48% remote. Bloodbath was in May with over 1800 of which 95% remote. More than 150 so far this month, in line with 6200 last year.
If you combine employees and people on their notice period / on their way out there are 179k... Won't be that high for long.
All the proof you need is available on teamworks / workday. Your failure to monitor it doesn't mean it doesn't exist. You're sticking your fingers in your ears and screaming "LALALALALA" doesn't change the facts. You're embarrassing yourself. 'it doesn't exist'!, 'you pulled it out of your a-s!'
I seriously hope you're not in charge of anything important. You really want the data? Ok, I'm going to talk real slow so you can follow this. Here you go:
- Get a pad of paper
- Get a crayon or pencil
- Go to teamworks and look up the CEO. See the number of total reports? Ok, that's approximately how many people work for WF. Jot it down on your pad along with today's date.
- Now use advanced search to find out how many employees are based in the USA. Jot that number down also.
- Do this every day for the next year or so. If the numbers drop significantly, grab your official WF calendar and go back 60 days. The date likely falls on a Tuesday. Either way, if it's 500+ people, it's a big layoff. If it's a small variation one can presume it's normal activity that all companies have.
Why? Because you followed steps 1-4 and can tell. Oh FFS Kar|, did you forget your crayons? I give up. Go ahead and pack up your office things in the cardboard box, might as well be ready when the urgent invite comes.
@2svk They have a report in Workday.
I see the HR Shills like to say things like, "OP Spammed Upvotes", or, "I saw you spam up/down votes, therefor Chewbacca isn't a wookie".
Any idea how they "see" these "spammed" votes?
Layoff Deniers: the Flat Earthers of thelayoff.com
Who to trust, the one or two people making arguments with some fuzzy interpretation of a series of numbers correlated with actual statements by management or the troll who has to respond to every single post that's critical of the corporation?
And here are some facts- from the 2021annual report that is viewable for the public (just like every employee can see the workday stats lol)
"At December 31, 2020, we had an active employee headcount of 268,531, with approximately 88% of employees based in the United States."
So at that point there were 236k domestic employees...now there are 179k. That's about 25% gone which is what Charlie wanted, so I really hope the bleeding stops this year. Here's hoping for a good 2024.
“workday shows definite stats and figures of those currently on a notice period and who will be on severance.“
Lol keep trying to slip that in without any proof. The voices in your head is not a source confirming your claim.
This is such a bizarre discussion. It's like some of you want to be in denial when the facts are staring you in the face. Why though? I will say Charlie has done a brilliant job in laying off a TON of folks without any panic from employees or even any real acknowledgment. The slow drip is working to not raise any issues or media scrutiny. I guess that goes to show how bloated this org is when 40k employees can be laid off over a couple of years and the masses don't feel it yet. Again, workday shows definite stats and figures of those currently on a notice period and who will be on severance. 1k employees on notice period dropped off this week. Again, Wells had over 270k employees mid 2020 and now we are down to around 230k. Another stat Workday shows is that we are at 179k domestic employees, so that shows you another trend. Ramping up hiring in India...
@1wfu+1oYz3umc Literally no one in this thread is denying that. Point to a comment where they are. You dupes keep deflecting and attacking strawman arguments nobody made, I don’t know who you think you’re fooling.
Headcount trending down over the last 18 months is a fact. Partially due to displacements, often in the form of biweekly layoffs, and also in lack of backfills/hiring freezes in many groups.
Does anyone deny this?
PS I just watched OP spam upvotes on this post and the troll comment defending it below lol. You can definitely trust these trolls with their fuzzy math 😂
@1yui+1oYz3umc Keep projecting. That's a lot of words to say you still can't come up with any proof lmao. Nobody else is obligated to. OP is the only one making claims, so the burden of evidence falls on him. The end. He can't, you can't, and you keep flailing and making excuses as to why some number you fabricated proves you right.
And nobody is "muddying the waters" except you and OP with your bizarre defensiveness over yet another unproven sky-is-falling claim on this board. You even conflated the dates you're comparing in this unreliable data nobody else can see: "We can look at the other days, not just the big layoff days, and in those we see very small numbers + and -. That's 'normal' daily variation that any company has. 1000 people on the same day is NOT normal business activity. We know because we can track it."
is it a 1,000 difference from 60 days ago or yesterday? How are "we" tracking it? "We" can't view it. We have no idea how much is from attrition, leave or what. Even putting aside the fact that the number was pulled out of your a-s, you just attributed the difference to what you wanted with nothing to prove it.
The normals in this thread are not the ones who made the claim, the trolls are. We have no hypothesis we need to prove with data. There is no way you can't see this by now, and if you can't you genuinely should not be working near other people's money. Have a good holiday struggling to interpret reality somewhere else.
You're being intentional obtuse. Is the number exactly 1000? Probably not. Could it include some voluntaries or LOAs? Sure. That's also fringe BS that doesn't impact the data in a relevant way. How do we know? We can look at the other days, not just the big layoff days, and in those we see very small numbers + and -. That's 'normal' daily variation that any company has. 1000 people on the same day is NOT normal business activity. We know because we can track it.
The real question here is what is your motivation for muddying the waters? One can realistically approximate the numbers with a good degree of certainty of they follow the data consistently. That's what people are doing to monitor this. This information has been backed up by multiple public statements from the execs.
You on the other hand have no data, apparently aren't watching or tracking any of it, and aren't listening to the execs either. You're just trolling in the threads railing 'reeeeeee, that's not the exact number, you must provide a signed a notarized document from the head of HR or it's all lies!!!' It's ridiculous. In a sense, you're right, no one outside of the execs and HR knows the exact number. On the other hand, the exact number is irrelevant. An approximation is relevant information that employees would like to know. They sure as he-l won't get it from Hudson Yards, so this is the best we can do.
@1ulx+1oYz3umc So we can add “hypocrite” next to “proof” on the list of words you still don’t understand
All these claims of exact numbers are an absolute joke. It’s already been pointed out this data is not available in workday for anyone outside of HR positions. If it is why not go ahead and post a walk through how to find it? Because you can’t.
Teamworks and any other rough information also includes self-exits, contract terminations, etc etc.
@1kbr Someone's a little sensitive over being called a hypocrite. Guess it struck a nerve.
@1mpd+1oYz3umc I don't have to provide information, re--rd: OP does. He made the claim and now can't back it up. He's full of sh-t until proven otherwise. You're just projecting how you think Workday works to fudge your sketchy "data" 😂 There's nothing viewable that says the exact status of every person missing in these magic numbers, why they are missing, whatever. But I'm sure you'll pretend to have that information too because you just keep pulling things out of your a-s instead of literally any actual confirmation. No wonder they have to go to India with all the brain drain apparent here.
Fu-k off with the trolling. You can't back up what you claimed, and keep making ridiculous excuses. You got fooled by a very transparent troll and keep humiliating yourself by bending over backwards to defend his attempt to put fear into people.
@1lnj it's their inject numbers based on available information versus your complete lack of any information. Who is the troll?
The irony of you "calling out" someone for lack of information when you provide none is too much.
No, there is actual data of the number in a notice period for severance on Workday. It's literally in black and white. There were about 2500 last week and now about 1500 because these employees are no longer with the bank after their 60 days. These are actual facts. Teamworks will show the overall employee count which is an approximation (can be leave, resignations, retirements, etc included) but Workday shows the actual numbers of those in a notice period/designated for severance.
It's not actual data, it's you just interpreting two fuzzy numbers the peons can see that have a lot of potential problems with them as described before, and nothing internal or external that confirms your view of it. Why are you struggling with this.
What isn't based on reality when reporting data directly from company resources? Is 1000 people getting laid off not noteworthy to you or what? If reality puts fear in people, maybe they should be afraid. Any one of us could be in the next batch of 1000.
@1hoe+1oYz3umc Who denied that layoffs are happening, even in large numbers overall? Why do you trolls lose all reading comprehension when you're called out for your wild claims? Not everything that takes you to task is some defense of this sh-t bank. If you're getting your jollies from putting fear in people, at least spread rumors based in reality.
Yeah, "all" is a stretch. They'll keep a few thousand around in the US. Turns out it's difficult to derive much masochist satisfaction from tormenting people 10,000 miles away. The other 90% of domestic employees can go though. All part of the plan.
I know that OP was very dramatic in the post with that whole "this will continue until we are all gone"...I don't agree with that. Obviously Wells is NOT letting go all of their domestic workforce lol. However, I think we should believe the CEO when he says that his goal is to eliminate 25% of the workforce and when the CFO said that 40k have already been let go and that layoffs will continue. Like I said, they aren't trying to hide anything here. I'm sure that at least 1k employees will be let go this month. I hate that it's happening but the writing is on the wall. At least 1k will be let go in October...that may not seem like much, relatively speaking, but it adds up over the year.
There is no way that 40k have been let without doing 500-1000 mass layoffs every other week. We didn't hear any WARN notices about those numbers because Wells does NOT have to make a public WARN disclosure to every state when they give the 60 day non-working notice. It is a fact that you can see how many employees that are on a notice period in workday and by the numbers around 1k were let go around 8/8 (since you can see that's how many fell off this week and subtract 60 days to see the week that correlates). Teamworks will also show the employee count so it's easy to keep track of. Hint...check after 10/27 to see how an approximate count for how many were let go on 8/22).
You are the only troll here. Seriously. Tens of thousands of employees are being S canned and you running cover is embarrassing at this point.
Let's put it another way, how many employees would have to be laid off before you "get it"? The CFO mentioned the 40k number. That's a headcount reduction, not the number of layoffs which are much higher as they replace domestic workers with I&P and contractors. So what's your number? 60k? 80k? 100k?
Or are you simply so selfish that 'it's not happening' until YOU get laid off? Assuming you're in the US and not an exec, don't worry, they'll get to you eventually.
Are warm notices even being filed if the ones laidoff are remote?
Nobody here is denying that layoffs are happening, just that two numbers in a single WF system being different does not prove OP's specific claim that 1,000 people were let go on that day. There was no statement by Wells about it, no WARN notices that add up to near that, no news stories, nothing. OP isn't even quoting a specific prediction that 1,000 would be let go on that date that the Workday numbers would validate. Given the weird fluctuations in that number anyway from leaves, contractors, offshoring, and attrition, etc it's not even a good piece of evidence.
There are trolls here that prognosticate these mass layoff events on specific dates that just never come to pass. For some reason, OP always believes them. He was hemming and hawing about the 10/3 wet squib too.
I know this can seem like splitting hairs, but there are some genuinely awful people whose posts here deliberately try to put fear into people who are already worried enough to find this board. If some reasoning can separate the wheat from the chaff of all the rumors here, it's worth bringing up. OP came out swinging and made an a-s of himself once again. Even though I think he's more of a useful id--t than an actual troll, it's important to show how flawed his logic is when he immediately pivots to paranoid claims about the entire US workforce being laid off.
Anyways, Wells has been doing layoffs of about 500 people every two weeks, with some months over 1k (like on August 8th). Even just accounting for 500 every two weeks, which is 1k a month that is like 12k minimum a year. That adds up to the approximately 40k that the CFO CONFIRMED have been let go since mid 2020. Wells isn't really trying to hide any of this info...
Some of you all need to open your eyes. This is a layoff site and some are just trying to offer some insight to some that are concerned about layoffs. My guess is that there will be another 2k minimum let go by year end. Charlie said before pandemic he wanted to cut 25% of Wells workforce. That would put the number down to about 200k. So there is another 30k or so to go. My guess is that layoffs will ramp up in 2024 to get to that number. At least 2k a month in 2024 is my guess. And I would not be surprised if severance benefits were changed in 2024. I really hope not though.
It's not teamworks. It can be tracked in Workday...
Nobody cares
Your speculating using janky teamworks is one thing, but still not a source or real confirmation. If OP has such a chip on his shoulder, he needs to prove his claim.
Not sure why I got downvoted. What I said and what OP is saying are absolute facts. 1k were let go the week of 8/8. This is easily trackable.
Remember how OP got duped by an obvious troll and made a fool of himself defending him? OP sure does- he’s still seething about it instead of just admitting he got taken in 😂
Yes, you can actually track this in Workday. Over 1k employees fell off their notice period this week, which tracks as over 1k laid off the week of 8/8. So 10/17 will likely be another 1k. It's a whole process they can do in waves on a consistent basis. Doing it like this over 3 years would add up to the about 40k that has been let go so far...
[citation needed]