Thread regarding Wells Fargo & Co. layoffs

Upcoming waves

Another layoff day today to start off the month but so far it's been quiet. Anyone hearing a big wave coming later in September/October? I've heard whispers that certain groups will be impacted in Q4. Let's wait and see.


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| 1 view | | 14 replies (last 2 hours ago) | Reply
Post ID: @OP+1m1et8asc

14 replies (most recent on top)

@bn It's guaranteed there will be layoffs in late Q3 into Q4. They plan/time the budget for a lot of reasons. The match isn't one. Last year: there were layoffs in late Oct and Nov, while planned Dec layoffs in some groups got postponed to Jan/Feb.

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Post ID: @dg+1m1et8asc

@bm what is BEC?

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Post ID: @ct+1m1et8asc

The next 3 paydays are the danger zone if you suspect layoffs are coming. After October 15 the non-working period covers the 401k match eligibility date (Dec 15), so they would probably do it before October 15 to save some money.

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Post ID: @bn+1m1et8asc

Of course it's the same bitter troll who fixates on BEC's too.

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Post ID: @bm+1m1et8asc

@ap anyone who thinks Risk won't have layoffs is delusional

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Post ID: @be+1m1et8asc

"Heard whispers" but no details...sure you have, OP. People on here are so full of sh-t.

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Post ID: @as+1m1et8asc

Lol that one nutty troll is obsessed with starting fake rumors about Risk.

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Post ID: @ap+1m1et8asc

@a4 you must mean the Tuesday after next because next Tuesday is payday unless they’re gonna start to do layoffs every Tuesday

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Post ID: @ac+1m1et8asc

At least 1 business execution consultant that I know of in WIM

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Post ID: @aa+1m1et8asc

Corporate Risk and also Control org, it's coming for sure. They want to trim the fat to make the EOY and 2027 books look as good as possible. Also to avoid 401k match and bonus will play a huge role.

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Post ID: @a6+1m1et8asc

@OP only thing I heard is that in September it’s going to be bad for those in Risk space who roll up to DF. I am in Control, it’s quiet today and feels like a calm before the storm. I also heard that HR rules recently changed on timing of being laid off, making more difficult to get a bonus.

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Post ID: @a5+1m1et8asc

next tuesday will be big for Q3

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Post ID: @a4+1m1et8asc

Not sure it will end in CR anytime soon.

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Post ID: @a2+1m1et8asc

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