They layed off a ton of managers throughout the country who did not meet the staffing required for their posistion. They also shut down a site and consolidated volume to others.
I'm just wondering if we know this round of layoffs is over, or if we have more to look forward to next week? From what I understand, the above happened on Friday, or am I wrong?
As stated before by someone who is a software programmer at WF the company is moving programming to India and having the leads in the US report to Indian leads there. Also, helpdesk and systems administration functions have moved to the Philippines and India. IT contractors in the US have to take several weeks furlough or have reduced hourly rates to keep their contract jobs.
It seems they have not even begun...(IT)
Why would it stop they have too many lawsuits to battle.
Are you kidding, there 50,000 jobs that will ultimately be cut in the 800 Branches
Layoffs will continue bank wide too much in lawyers fees and lack of new customers.
clean up needed in India most of managers belong one particular geographic region and are polarized and biased and have formed a cartel misleading USA counterparts
can anyone confirm how many were laid off? Was it just the Bond/Nitch teams?