95% Indians in the US, 100% in India.

From the earnings materials it looks like total severance expense as of 4q24 was $647MM. Also, looks like personnel expenses were up $403MM due to annual merit increases. That averages out to about $1800 per employee

Anyone in Consumer Lending asked to move or impacted by location strategy yet? I haven’t heard anything and want to know if there’s any news or any movement

https://www.financialexpress.com/business/industry-microsoft-mulls-layoffs-in-may-to-focus-on-managers-and-non-coders-report-3805151/lite/

Wells Fargo is freezing all India hiring indefinitely. Anyone know why? (Plausible responses please)

For fun get a working chain of people to contact major and local news (even FakeNews communist news channels) and help them bring awareness to the public of Wells Fargo’s every other Tuesday job cuts, extensive counts of jobs moving to India and... — read more 

https://finance.yahoo.com/news/apple-steve-jobs-dealt-2008-154148301.html

Displacements rolling through London at the moment - any insights?

Has anyone heard if they will be operating status quo, or are they on a longer-term chopping block? With all the hub strategies for LOB's, as of now, you are fine if you are in a specialty market. But the way things go, I'm wondering if they will... — read more 

https://youtu.be/FBmPGaE1MAo watch this interview. foreign workers were scamming these companies by working 2 or 3 jobs, coffee badging, donating money to foreign non-profit orgs to get matching % cash back.

https://fortune.com/2025/04/07/north-korean-it-workers-infiltrating-fortune-500-companies/ Fortune 500 companies have unwittingly hired thousands of software engineers who claim to be American developers but are actually North Korean citizens using... — read more 

Everyone knows that Charlie and his band of executives are willing to cut cost and create savings so it's probably like that he is having HR higher North Korean operatives to fill tech jobs in the bank... If they promise to bring in AI I'm sure the... — read more 

If you are a displaced employee, and even in severance, is your most recent former manager allowed to be a reference, if requested to do so?

Seems like their lawyers told them to change the wording because the “8 hours in office” expectation could cause issues with the whole exempt vs. non-exempt employee thing. Now, they’re saying the expectation is to be in the office for a “full day,”... — read more 

I submitted my aims request to be excluded. Can’t wait to be told it’s mandatory or you’re gone. I thought it was a risk to use personal devices for work, even something for a password generation. What’s the difference between the RSA code and using... — read more 

Please do not notify DHS

I am no fan of Trump but the truth is outsourcers are destroying American livelihoods while lining their pockets. Service sector is completely decimated now. We need to bring those jobs back from India.

Every other Tuesday, just enough people to rattle teams but not enough to interest the media. No headlines, no blowback. It has become the new normal. Even employees have stopped reacting. It just is. I only wish leadership had mastered the rest of... — read more 

So clear that this board is littered with union influencers. These aren’t employees, they are looking to drive an agenda.

was let go a few months ago and had no intention of ever coming back. But a former colleague of mine who is now leading a large team reached out to recommend I apply for a role on his team. One level down from my last role at Wells. I have decided... — read more 

Fck u Wellsfargo. You fckin ruined my Tuesday.

Any new updates on The Barn? Which departments are next to go?

The next phase of Location Strategy which has already begun is moving the various teams into a single location/city. Get ready to pack your bags.

Morning is already ruined . I went outside to grab a smoke and sip on some coffee, when I noticed the next wave of terms being walked out. Can't a guy enjoy some coffee before being bomborded by request for updates?

Any IRA representatives here on the layoff board. With Wells Fargo closing inactive accounts, I read an article that said they'll send a check to you if that happens. I have an IRA, I never make contributions to it since my tax advisor said it... — read more 

https://dailyhodl.com/2025/04/05/wells-fargo-ordered-to-pay-832000000-in-damages-after-jury-finds-lender-mismanaged-and-charged-unauthorized-fees-on-a-trust-fund-of-2000-children/amp/

Latest WARN notice says layoffs in Florida and California. This is the 90 day notice they are required to give.

I’m down in Charlotte and it definitely feels like all the banks are failing. How will they survive the downturn in stocks?

Does anyone have any insight into when the Innslake buildings in Glen Allen will be shut down and technology FTEs displaced? Specifically wondering about technology since it’s not a hub or campus location for technology like Charlotte, Hudson Yards... — read more 

Can you guys let me know sites where you can find 100% remote jobs? All I find is hybrid .

Now that it’s established that DEI was useless and unfair why is the following still true? CISO is a liar and incompetent and Indian Head of App Sec is also incompetent and Indian. & Both of them are continually visiting India to hire more... — read more 

Another settlement… https://www.palmbeachpost.com/story/news/state/2025/04/04/wells-fargo-bank-ordered-to-pay-826-million-to-seminole-childrens-trust/82754101007/#

and Indian H1-B workers (wages) imported ? America first? Charlie Schart’s offshoring American jobs and importing Indian workers are anti American workers ! It’s only fair that corporations also bear the costs of import tariffs! Further BRIC... — read more 

When Trump imposes tax on services imported from India (our outsourced jobs), Wells Fargo will get an advantage ahead of it’s competitors who are more heavily entrenched in India. Together with asset cap lifting, this can make Wells a serious player... — read more 

I’m just trudging along, avoiding overtime when I can, and waiting for my turn. I don’t care about the economy or how things will unfold. I don’t care how hard it will be to find something else. We’re heading into an even bigger sh-tshow, and there’s... — read more 

To search for jobs on workday after I had to filter out 90% of the professional white collar jobs that I used to be able to choose from and work towards because this company only hires Indians now.

Finally got the word yesterday I’m caught up in the wave. A date has been set. I was told it would be communicated soon between now and the end of Q2. Signed somewhere in North Carolina

Was super fun. Anyone else here go? I wonder if there was any union supporters there?

All I heard was 70+ hired in India

Anyone have info on this re-org? We received notice that it’s now delayed from 4/1 to 4/30. There has to be duplicative roles I’m assuming another big wave of layoffs once the org is official? What are Hr hubs?