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  1. #1
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  2. #2
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    Re: Wells Fargo Financial Elimination

    Getting out of the sub prime market. Should have done that about 3 years ago.


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  3. #3
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    Re: Wells Fargo Financial Elimination

    I used to work there for about 2 years. Very happy when I left that when I did, and feeling EXTREMELY happy I am gone now. That said I know a lot of people that still work there. Best of luck to them.




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    Re: Wells Fargo Financial Elimination

    Looks like both my parents are getting the shaft here...


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  5. #5
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    Re: Wells Fargo Financial Elimination

    A reaction to the financial reform bill?



  6. #6
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    Re: Wells Fargo Financial Elimination

    Wow, this sucks and huge hit for the local economy.



  7. #7
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    Re: Wells Fargo Financial Elimination

    Keep in mind those numbers are nation wide, does not specific the DSM specific numbers.



  8. #8
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    Re: Wells Fargo Financial Elimination

    Story title makes it seem like it's better than it is. Says they are cutting 2800 positions but when you actually read it they say 2800 in the next 60 days and another 1000 over the next 12 months so 3800 total



  9. #9
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    Re: Wells Fargo Financial Elimination

    damn, wished i worked for WFF....cant wait to leave WF asap



  10. #10
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    Re: Wells Fargo Financial Elimination

    Quote Originally Posted by clone4lyfe View Post
    Story title makes it seem like it's better than it is. Says they are cutting 2800 positions but when you actually read it they say 2800 in the next 60 days and another 1000 over the next 12 months so 3800 total
    But if you look at the comments, one person said that a lot of these people are being offered positions elsewhere in the company.



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    Re: Wells Fargo Financial Elimination

    A few years back Wells was hiring anybody they could as fast as they could after the fed lowered the prime to historically low levels (zero) and set off the lending and housing boom. Not surprising what's happened.



  12. #12
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    Re: Wells Fargo Financial Elimination

    Quote Originally Posted by Clonehomer View Post
    But if you look at the comments, one person said that a lot of these people are being offered positions elsewhere in the company.
    I wonder what "a lot" means. I've seen similar companies in DM do this and a lot means about 5%.



  13. #13
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    Re: Wells Fargo Financial Elimination

    Quote Originally Posted by Clonehomer View Post
    But if you look at the comments, one person said that a lot of these people are being offered positions elsewhere in the company.
    they have to make it look good if they can though....i know for a fact theres not a lot available especially for that many people



  14. #14
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    Re: Wells Fargo Financial Elimination

    Just a guess, but if they're "closing" 638 stores and only 12 are in Iowa, my guess is alot of those position aren't in the DSM area. And the ones that are, are more likely to be moved to other operations. Obviously not all - and best of luck to those not so fortunate. Not good times right now.



  15. #15
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    Re: Wells Fargo Financial Elimination

    They are closing all the local branches throughout the US, which is a lot of people, but not much in DSM. Many of them in DSM will get moved within the company, either to banking, leasing, or home mortgage.


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