Thread regarding Wells Fargo & Co. layoffs

Allspring Global Investment Layoffs coming

Why bother when CEO is never around?
Why bother when business is crashing?
Why bother to hire when it’s only short term?
Why bother to show up on Squawk Box?
Why bother to expand when it’ll go under?
Why bother to be fake?
Why bother to pretend it’s all roses?
Why bother when there’s zero communication?

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| 1681 views | | 12 replies (last January 27, 2024) | Reply
Post ID: @OP+1qKiTB4m

12 replies (most recent on top)

Glassdoor has horrible reviews on Allspring Global. There is 0% approval rating on their non existing CEO! How is that even possible?

Anyone that’s worked there or is still working there wrote really bad reviews on the company. Speaks volume to what a bad mismanaged former Wells Fargo Company it is today.

Poor investment by the 2 private equity firms.

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Post ID: @2izw+1qKiTB4m

Sounds like WIM made a good move of dumping it then. Can't stand on it's own.

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Post ID: @1son+1qKiTB4m

They still have some employees left but not many after this coming round of layoffs.

They’ve seem to open up offices in HK and London and other international hubs.

Hanging by a thin string…..

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Post ID: @1yyr+1qKiTB4m

@1ggz they are down to about 300 people or so working there now. It was about 1500 or so at one point, maybe more. The building is also starting to show its age and needs updating. It makes good business sense to get out of there.

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Post ID: @1nsm+1qKiTB4m

Why are layoffs at Allspring an issue here? WF sold them to private equity guys a couple years ago.

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Post ID: @1twl+1qKiTB4m

@1zmu+1qKiTB4m

That su-ks. They loved that building. Maybe it was do for some improvements? Downtown Milwaukee isn't really close either

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Post ID: @1ggz+1qKiTB4m

Wells owns 9.9% of Allspring. They just announced last week they are moving to a new location in Downtown Milwaukee and vacating the old Strong/Wells Fargo building in the suburbs.

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Post ID: @1zmu+1qKiTB4m

Why bother to what??? What are you saying??

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Post ID: @1jxw+1qKiTB4m

What a travesty of a former Wells Fargo company

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Post ID: @1qmv+1qKiTB4m

Allspring is offshoot.No one cares about them.

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Post ID: @1ekm+1qKiTB4m

Why bother to write this?

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Post ID: @vgy+1qKiTB4m

Is that a Wells Fargo Co.?

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Post ID: @scj+1qKiTB4m

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