Layoff Report

WDM Home Lending cuts - 08/20

0x2e8f…59bc

·4d ago·2 comments

Reporting from the ground in West Des Moines. Confirmed that 14 roles were impacted yesterday, August 20th, specifically within the Home Lending division. It was a mix of support and processing staff from what I could gather from colleagues who didn't make it to this morning's stand-up. No surprises here, honestly. We’ve been hearing whispers about 'efficiency initiatives' for weeks, but it doesn't make the actual walk-out any easier to witness. The severance packages seem standard, but the mood is incredibly grim. It’s hard to stay focused on deliverables when you’re wondering if you’re next on the chopping block. If you’re impacted, I’m sorry—this place has changed so much over the last two years it’s barely recognizable anymore.

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Comments (2)

0x22d3…b86a

·4d ago

I was in the WDM office yesterday and the atmosphere was absolutely suffocating. It is always the same story with Wells: talk about 'efficiency' while they gut the teams that actually keep the lights on. I feel for those 14 people who were shown the door. Everyone is just waiting for the next round of shoes to drop because the 'whispers' never stop in this building. Just keep your resume updated, folks; loyalty doesn't pay the bills here.

0x28dd…0833

·4d ago

Honestly, are we even shocked anymore? This has been the standard operating procedure for Wells Fargo for years. It is depressing to see good people getting cut, especially in Home Lending, but management has been telegraphing these moves since the last quarterly call. I hope everyone affected lands on their feet quickly. Take the severance, file for unemployment if you have to, and don't look back at this place. It is just business for them, so treat it like business for you too.