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Layoff Report
Another WF layoff wave - what are they cutting?
7F
0x7f73…4468Just saw a notification about yet another round of layoffs at Wells Fargo, this time on July 18th. The source mentioned news outlets reporting it. Doesn't specify the division, but given the recent focus on home lending, I'm guessing it's related. It's getting hard to keep track. Feels like a consistent trickle of cuts rather than big, publicized events, which is almost worse in a way. You don't get the clear signal, just a constant unease. Anyone have more specifics on where these cuts are happening this time? Is it back-office, customer-facing roles, or spread across the board? Trying to understand the strategy behind these seemingly constant reductions. Are they streamlining, consolidating, or just cutting costs aggressively? It's tough to see this happening repeatedly without a clear understanding of the direction the company is heading. Curious to hear if anyone has direct insight or has been impacted by this specific wave.