Thread regarding Wells Fargo & Co. layoffs

I am in Sacramento

What can I expect with location strategy?

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| 1770 views | | 14 replies (last February 29, 2024) | Reply
Post ID: @OP+1rh783wL

14 replies (most recent on top)

It’s going to fall into the ocean with the next big earthquake. I

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Post ID: @2syr+1rh783wL

You're f'd. At this point keep your chin up and pack up the box you'll carry out the door. They will point at you as you take the walk of shame.....but look past them.

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Post ID: @1fhv+1rh783wL

Unfortunately, based on what we know, everyone in Sacramento in a non retail location will be laid off within the next 2-3yrs. Thats starting now and ongoing until the location strategies are complete. Sacramento has not been listed as a core location or specialized location for any LOB thus far.

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Post ID: @1lov+1rh783wL

Two chicks at one time

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Post ID: @1cyj+1rh783wL

Land better roles at fintech—-lending club or sofi hired a lot —-give your previous managers who went out a call.financial .fintechs continue to be hiring.. when you reach out it is not poaching…

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Post ID: @1pyu+1rh783wL

Toast

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Post ID: @1tuk+1rh783wL

If you're in Sacto and listed as "Remote" in Workday, you're being laid off soon (definitely in 2024).

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Post ID: @1dyu+1rh783wL

Layoff, by 2026 at the latest.

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Post ID: @1dig+1rh783wL

LOBs in Sacramento have already been hit with layoffs…and more will follow soon.

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Post ID: @1cej+1rh783wL

You're gone......I'd bet before next Friday.

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Post ID: @1zak+1rh783wL

While your position will eventually be impacted, you are safe for 2024. This year they will prioritize the many markets with only a few workers.

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Post ID: @1mcf+1rh783wL

This post said it best. Basically, layoff if you're not in one of these cities.

Technology Hub Locations

Bangalore
Chennai
Hyderabad
Charlotte, NC
Columbus, OH
Dallas, TX
Des Moines, IA
Minneapolis, MN
New York City Metro, NY/NJ
Phoenix/Chandler, AZ
San Francisco Bay Area, CA

Technology Specialty Market Hub Locations

Boston, MA
Chicago, IL
Philadelphia, PA/Wilmington, DE
Raleigh, NC
St. Louis, MO
San Antonio, TX
San Jose, CA
Washington Metro Area, DC/VA

And if you are no where these locations you are pretty much gone by 2026 but most likely sooner.

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Post ID: @1vkp+1rh783wL

depends on your LOB but best case you'll be allowed to stay as long as you go into local office, just don't expect any upward or lateral movement. most likely you'll be laid off

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Post ID: @1qov+1rh783wL

layoff

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Post ID: @vpi+1rh783wL

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