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Discussion
WF Job Cuts - What's the Strategy Here?
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0x22d3…b86aOkay, so the latest round of layoffs hit. Home lending again, shocker. But it's not just that, right? I've seen chatter about jobs moving overseas too, alongside these domestic cuts. Feels like a two-pronged attack. Are they consolidating, trying to cut costs aggressively, or is this a sign of deeper issues in certain business lines? I'm in a different division, but it makes you nervous. It's hard to plan anything when the rug can be pulled like this. Is anyone else feeling this organizational whiplash? It seems like they're trying to manage the optics by spreading it out, but the underlying message is pretty clear. Curious to hear if anyone has a different take or any inside info on the 'why' behind this continuous trimming.