Thread regarding Wells Fargo & Co. layoffs

Oregon Layoffs

Third round and final round of layoffs for Oregon’s Salem and Barnhart Sites?

It’s no secret that Wells Fargo is exiting Oregon for all non-customer facing positions.

First Layoff took place on 8/22 impacting 229 jobs at Beaverton’s Barnhart Site. Eliminating several lines of businesses (EO Intake, Business EO, QA, etc) and only leaving (CC Disputes, CC Complaints, CC Collections)

Since then, Wells Fargo has been somewhat transparent with Oregon Employees about their future plans. Directors held a teams meeting beginning of April discussing the location strategy and exit deadline of late 2024 or early 2025. Not even 30 days later, many tenured credit card services line managers, team managers, and team leads were laid off. Leaving many without leadership leading to mergers onto existing teams with newer managers. Each site only has one line manager for all remaining team managers.

Credit Card Complaints teams were informed one month ago about training classes starting in India in April to “help with service levels”.

As of this last Thursday and Friday, Wells Fargo has hired cleaning crews as part of their “Site Spring Cleaning” to clear out desks and take apart cubicles…

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| 1811 views | | 7 replies (last July 7, 2024) | Reply
Post ID: @OP+1sQ3xIlQ

7 replies (most recent on top)

If you're at one of the sites thats going to close, you should consider forming a union to force Wells Fargo to close it down and pay severance. Otherwise you'll likely be fired for something small and get no severance. Wells Fargo is firing at these locations and changing procedures to make you miserable so you quit.

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Post ID: @yhwo+1sQ3xIlQ

I'm from the Salem call center and I actually want it to shut down. I want my severance, unemployment benefits, and freedom. I would have quit last year but heard about layoffs and decided to wait. It's taking way too long. Its already June and we're still here. The longer they wait to shut it down, the more people will hit yearly anniversarys and get another two weeks severance pay. I'm almost certain everyone else is just waiting it out for the severance pay. The CEO and upper management messed up by announcing layoffs. They should have been more tight lipped before trying to get employees to quit. Now everyone knows and will stick around until the end.

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Post ID: @ozgr+1sQ3xIlQ

I'm not so sure there will be a holiday party at the BC this year, or in Salem, at least not for WF employees. Maybe a few left in the tower. It's truly sad. Oregon used to be a relatively major hub at this company between the tower, Mont Park, Salem etc. now they're shutting it all down so they can hire more people in NYC. eFfiCiEnCy!

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Post ID: @1axq+1sQ3xIlQ

Think about how you will hold out. It's a financial institution and they prefer we just quit, leave or get written off due to performance then pay severance. We have to ride it out and know it will end soon. Other companies are more humane but this is a bank, wells fargo. They rather ask for forgiveness than permission. Ie. Remediations, lawsuits etc. fake apologies in the media drag what's left of knowledgeable employees. They require us to fast train our cheaper replacements, and then promise a customer service appreciation week that takes away from the allowance given to each lob, so we end up with a subpar end of year holiday party.

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Post ID: @1ajp+1sQ3xIlQ

I don't think displacement knows what the exit strategy will be until given the green light for layoffs. It seems to be going by line of business, not necessarily the site, itself. They way they are displacing in Oregon, seems like a slow death. They gave the 2025 but some of the senior leadership that spoke of that timeline during site visits, is no longer with wells Fargo. So, seems to be just plucking here and there till they exit the centers in Oregon entirely. Most of us left are just holding out for our severance so we may heal from the last few years,

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Post ID: @pxv+1sQ3xIlQ

The cafe at Barnhart is the canary in the coal mine. Once it closes, Barnhart will close within a few weeks.

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Post ID: @cuo+1sQ3xIlQ

Hold the line Oregonians, make them pay that severance. You deserve it, and so do these garbage NYC "leaders".

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Post ID: @bte+1sQ3xIlQ

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