Thread regarding Wells Fargo & Co. layoffs

Banker Connection lay offs

So they let go of 11 managers . 5 from our Billings site 5 from South Carolina and 1 from Salt Lake. Should i be concerned about my job? They didnt give any managers notice. Just a mass email stating bye bye basically.

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| 2556 views | | 11 replies (last November 14, 2023) | Reply
Post ID: @OP+1puZbZXP

11 replies (most recent on top)

SLC in general is a specialty site yes, but that has nothing to do with LOB strategy. With opening SATX , Phoenix and then having Manilla, billings will fizzle out and close and SLC BC wont be far behind. Its pretty apparent with what is currently going on that at this point there wont be any New Hires in Billings or SLC.

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Post ID: @6jpf+1puZbZXP

Is this related to the MRAs?

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Post ID: @1hlu+1puZbZXP

Not for long.

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Post ID: @1ahg+1puZbZXP

@1hby+1puZbZXP

SLC is a hub

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Post ID: @1tgs+1puZbZXP

Hearing that Billings is being shut down is crazy cuz does that mean Salt lake might be next. They opened new hubs in san antonio and arizona

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Post ID: @1hby+1puZbZXP

I don’t know what your job is, what your LOB IS, or where you reside. As such i can’t give you any concrete advice other than “yes, you should be aftaid”

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Post ID: @soa+1puZbZXP

I called benefits last week and spoke to someone in India that had no clue. Gave me incorrect info. This sh#tshow is going to sink this company.

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Post ID: @aqv+1puZbZXP

WF has laid off 50,000 people in the past 4-5 years.

WF has said multiple times on earnings calls, that they need to cut 40,000 more (operating efficiency is abysmal)

So, yes, you should be worried about your job. We all should be.

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Post ID: @cpn+1puZbZXP

Yes, you should. They are moving a significant amount of US jobs to India.

This is NOT limited to phone service or admin/back office roles.

Sorry.

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Post ID: @cjw+1puZbZXP

They will give you a notice on the day you get laid off. ZZ Top is coming to perform in your Outlook soon.

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Post ID: @eli+1puZbZXP

The Billings site will be closed in the next 6-8 months.

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Post ID: @bsq+1puZbZXP

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