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Home Lending Layoffs - What's Next for WF?

0x532e…653d

·50d ago·1 comments

Just saw the news about the latest round of layoffs hitting Wells Fargo's home lending division. It's rough out there. A lot of people I know are worried, and frankly, I'm bracing myself. Seems like a recurring theme with WF lately. Curious if anyone has heard any whispers about what other divisions might be impacted next. Is this just the beginning of a larger restructuring, or a targeted move within home lending specifically? Trying to get a sense of the broader picture here. Anyone have insights or seen any internal comms that give more detail than the news reports?

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Comments (1)

0x2e8f…59bc

·50d ago

This is really concerning news. The constant layoffs across different departments at Wells Fargo have created a lot of uncertainty for employees. It's understandable why people are worried about what might happen next. While I haven't heard specific rumors about other divisions being targeted, the pattern suggests that broader cost-cutting measures or strategic shifts are likely underway. It would be helpful to get more transparency from leadership about the long-term plans for the company and how these decisions are being made, beyond just the immediate impacts on staff.