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More Layoffs At Wells Fargo's West Des Moines Campus

More pink slips are going out to workers at Wells Fargo.

The Iowa WARN website says an additional 14 workers will be laid off from the bank's West Des Moines campus effective October 17th.

A total of 322 Wells Fargo workers have been let go from the Des Moines metro so far this year.

https://whoradio.iheart.com/featured/who-radio-news/content/2026-08-24-more-layoffs-at-wells-fargos-west-des-moines-campus/


ISG future and upcoming WFR round.

Does anyone has any idea or any news regarding next round of WFR. When it will be and on which basis it will happen? Also, what is the future of ISG and it's product portfolio as based on current wave it doesn't seem there is any vision or strategy for product to release in next quarter.


Even more cuts in Des Moines

The newest notification added 20 more employees to the list of layoffs, bringing the total count to 301 after an initial paring of 49 in February, according to Iowa's Worker Adjustment and Retraining Notification site.

https://www.desmoinesregister.com/story/money/business/2026/07/23/wells-fargo-layoffs-west-des-moines-iowa-jobs-workforce/91022267007/


"Alumni"?

I'm not an "Alumni".

  • You FIRED me after 2 decades of stellar reviews & documented accomplishments.
    *"WFR" is a nice way of saying "we can replace you for pennies on the dollar by offshoring your role". ONLY the execs are allowed to maintain a good quality of life. Back to the streets with you Peon!
  • I was "told" I was safe...lying corksoakers.
  • Corporations are fully vested in the two layers of societal ranks. Either you are rich or you are poor & on government assistance. Dell USED to seem like they cared for "their" workforce. Nothing could be further from the truth today.

We are NOT Alumni. If you are kicked out of College, you dont get to claim to be an "Alumni".


Ayman + The Board directive

Ayman was given the okay from the board (including approval on HUGE spend) for what is unfolding now for F27. The caveat is that these investments must grow the business in each product group by 2%. To be clear, not an overall %, but each sales BU must show a minimum of 2% increase in sales. This investment is the cost associated with the new GTM planning and execution (a big chunk of that $$ is that all of these leaders now running the geos and various markets plus the new reports to Ayman received huge salary increases amounting to millions), $$ SKO participation, using consulting companies to help get the company on track ..surveys, planning models, etc...). The reason for all of this is the board expects to see the stock double from where it lands after final f26 results announced. The rest is moot. They don't care who resigns, they don't care whether anyone is paid what they are worth, they don't care about cost of living increases. They are going to THROW a huge and ongoing level of pretend value to employees like access to full copilot, fluffy virtual clubs you can join including those for underrepresented employees (women, minorites), surveys to get your opinion, all to convince sellers that they are behind you and your success as you face huge quota increases. Non sellers - if you make it through the end of the calendar year (2 more planned WFRs, names in boxes already), expect fewer peers and more work.

Ayman and the senior leaders get huge $$$ if they make this 2 % increase and if Ayman fails, he and his ELT get replaced.

Expect major increase in inspection.

Board is still making decisions. Ayman is their puppet.


AT&T this morning

Wells Fargo analysts started coverage of AT&T with a sell rating and price target of $18, implying nearly 15% downside. They are worried the telecom giant will likely lose ground to SpaceX's Starlink in broadband internet and, further down the road, could be threatened by Starlink's mobile ambitions. These aren't exactly new concerns. Just take a look at AT&T's stock chart, with shares down over 20% in three months.


Red Rover Interactive Cuts Staff After Raising $20 Million

Red Rover Interactive is making layoffs. The studio developed the game Enginefall. This action follows the company raising $20 million. The article does not specify the size of the cuts. It also does not detail affected departments.

https://gamedev.net/news/enginefall-developer-red-rover-interactive-is-making-layoffs-r4285/


Just the facts

I'm not getting all those discussions whether it's now over, the wfrs. You don't listen or what?

We are only two thirds through the costs savings program. One third is still ahead of us. Source: CFO, Q3 investors call.

Do you think one third can be achieved by forcing us to bring our own toilet paper to work?

Profit growth of 10 percent is only attributable to the wfrs. Source: same. Yes, that's the way to huge profits! What else?

P/E ratio is between one third and one half of industry peers. OT is profitable. Normally investors must be queuing up. And still no one wants to buy? Haha, "our investors are patient, they give us time" (source: was that Ayman in the last show?)

Our most important asset is people. Important is attracting good talent and keeping good talent. Source: all hands town calls, those clowns with E- and C- titles. Who of course kick the best people out. Do you really believe them? See a doctor.

Trust no one but yourself. If you do not have financial buffer, start building it now. Start looking for alternatives. Many postings here can be made by those who want you go by yourself, to save on severance. You do not have to, but just make sure you are prepared.


Bungie Faces Massive Summer Layoffs

Bungie reportedly faces significant layoffs this summer. Around 50% of its 800 employees, or 400 staff, are at risk. Sony reported a $765 million impairment loss due to Bungie's underperformance. Destiny 2 support ended, and Marathon's recent efforts failed to improve its standing. Rumors of impending layoffs at the studio circulated last month.

https://www.psu.com/news/bungie-reportedly-set-to-lose-around-400-staff-members-as-a-result-of-summer-layoffs/