WIM is starting layoffs this week.
Small markets and slow growth markets will be eliminated.
Clients will be moved moved to larger markets.
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Husband was in WIM and was separated yesterday. A meeting invite was received, brief meeting with his Dir and HR was held and he was walked away. I am glad this is all over, he knew it was coming.
He was a part of a small group (8 of them) and he's the only one that was let go - he think there may be another person departing soon but not sure.
Given the sensitivity I cannot disclose his name, location or position.
Good luck to all.
I am sorry to hear that but I know you are relieved. How did they go about it?
Im in WIM and just got my notice. They said WIM layoffs are all happening today.
WIM stands for Wealth and Investment Management…
Basically it’s wealth management, investments, retirement products – rolls up several units… Wells Fargo Advisors, The Private Bank, Abbot Downing, Wells Fargo Institutional Retirement and Trust (WFIRT), Wells Fargo Asset Management (WFAM), I am sure there is more…
A bit of a mix of services is covered - financial planning, private banking, credit, investment management… mostly to high-net worth and super rich…
Also, brokerage, institutional clients, etc…
What is WIM?