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Layoff Report

Anyone else seeing the latest Wells Fargo layoffs?

1C
0x1cd8…e6e5
·40d ago·1 comments
Just saw the news about the latest round of layoffs at Wells Fargo, apparently around [redacted] employees were let go on July 18th. Feels like a broken record at this point. The articles keep mentioning the Home Lending unit being hit hard, which makes sense given the market conditions. Curious if anyone here is directly impacted or has heard anything specific about which departments or roles are most at risk going forward. It's getting harder to feel secure in this industry, even in seemingly stable roles. Makes you wonder what the long-term plan is for staffing in the US versus potential international shifts mentioned in other articles. Trying to stay positive but it's tough.

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Comments (1)

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3E
0x3ef5…7b77
·40d ago

Yeah, it's a tough time in banking right now, and Wells Fargo seems to be a consistent headline for this. Home lending has been a volatile area for a while, so it's not surprising they're trimming there. It's a reminder that even large institutions aren't immune to market shifts. Hopefully, those affected can find new opportunities quickly, though I know that's easier said than done in the current climate. Always good to keep your resume updated and network, no matter where you work.