WFC's massive layoffs in 2020

I know it's tough to say, but what are everyone's thoughts on this ? Other banks to follow, I presume.

What happens to incoming analysts/summer analysts/ first year analysts (lowest in the hierarchy) ?

References: https://www.reuters.com/article/us-wells-fargo-la…

https://www.foxbusiness.com/money/wells-fargo-job…

Edit: Hope you folks are able to retain your jobs!

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