Or are the stealthy (one here, two there) layoffs our new and lasting normal?
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Wells definitely will keep layoffs under the radar so that news will not spread publicly. They want to avoid any negative news as much as possible now. WF grew too big too fast and with all the fraud and other things, WF is paying for it. Unfortunately it is also with laying off employees. Very sad what this place has come to.
Word on the floor is Marketing will be hit this week or next.
Layoff announced today in Charlotte NC. All of the WFA bankers and managers were given a 60 day notice. About 35 people. Not sure what they did other than submit home equity applications. Their jobs duties will now be handled at one location out west somewhere.
I’m now hearing July for Marketing. Just rumor though, no actual information. Could be this week for all we know.
What I’ve heard is WF is laying off people and trying to keep it out of the newspapers to avoid more negative PR or public backlash. This site has been great to keep us informed of what layoffs are occurring across the company as management will never be honest with us.