Thread regarding Wells Fargo & Co. layoffs

7 replies (most recent on top)

Ta-d loves dropping acronyms.

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Post ID: @13r+1m0nrzg0e

Poster is asking if Client Associates working in Private Client Group will be displaced. Answer is yes, not due to AI but to a group called RCAST(no idea what that stands for). For some reason they don't want CAs working with the financial advisors directly any longer. They want a centralized group. Soon only $1mm + producers will have a CA in the same office. Worse client experience , angry FAs, but it's a cost thing.

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Post ID: @n1+1m0nrzg0e

Another stupid fu--ing post no one will be able to decipher. DF SEE GV EB B V SH H BFFGGGGGG

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Post ID: @kh+1m0nrzg0e

HNTT and LMT in N. CA may be impacted too.

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Post ID: @d5+1m0nrzg0e

Yes, but they were already heading down that path with RCAST. Now, they probably think they don't need as much RCAST.

Top producers will still have their choice though.

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Post ID: @d4+1m0nrzg0e

WF loves it’s acronyms

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Post ID: @d0+1m0nrzg0e

I before E except after C. Alphabet soup.

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Post ID: @cn+1m0nrzg0e

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