Thread regarding Wells Fargo & Co. layoffs

Location Strategy

Was the email with a list of approved locations and next steps sent to all CSBB employees or only those impacted?

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| 8323 views | | 52 replies (last May 23, 2024) | Reply
Post ID: @OP+1qDiCrLI

52 replies (most recent on top)

@yee

CSBB = Consumer, Small & Business Banking

It appears email went to the CSBB lines of business.

Others weren't on the distribution (e.g., Consumer Lending).

So even though some groups roll up to SVB, the CEO of CSBB, it's only the CSBB line of business that recd it.

Confused? Not surprising. Blame leadership and their ridiculous reporting structure.

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Post ID: @zmz+1qDiCrLI

@uac

WIM wasn't on the distribution. It was only CSBB LOB.

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Post ID: @ryg+1qDiCrLI

Email went to CSBB LOB.

Plan finally in writing. Gotta' love the carve out for mgt and favorites in the last part. Talk about disgusting and arbitrary.

So great people who have always worked from home or who had their offices closed and could typically then WFH are having their lives and their family's lives upended bc WF won't let them continue to be productive and valuable where we all know they couls be -- working remotely.

This stain will be remembered long after hordes of people are displaced, families are thrown into financial chaos, and the company is ultimately brought down by incompetence.

WF is one of several dinosaurs that will be seen as fools when the history of egregious corporate missteps is written.

Scharf and other so-called leaders are a disgrace.

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Post ID: @add+1qDiCrLI

What group does CSBB stand for?

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Post ID: @yee+1qDiCrLI

Can someone tell me if Minneapolis and west des Moines are on the list?

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Post ID: @tij+1qDiCrLI

Both relocation and transition (aka layoff) were mentioned.

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Post ID: @yul+1qDiCrLI

I didn’t get anything from WIM

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Post ID: @uac+1qDiCrLI

What were next steps ? Relocation offered ?

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Post ID: @eed+1qDiCrLI

WIM sent theirs out today too. It went to everyone.

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Post ID: @bkj+1qDiCrLI

If you weren't on it, you're going to be laid off

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Post ID: @owh+1qDiCrLI

All CSBB employees

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Post ID: @nio+1qDiCrLI

Better yet… what locations are listed? The Boise Service Center is becoming a ghost town, so I’m curious what the plan is for their CSBB team members.

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Post ID: @uml+1qDiCrLI

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