Wells Fargo: Investment Banking Layoffs?
Rumors about layoffs at WF in IB coverage and product? Anyone heard any news? How does this affect juniors and incoming?
(March 2023)
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I havent heard about this
Haven't heard about this either what is your source.
Also haven’t heard anything, curious tho
Is it their first round of layoffs
If it’s true, I believe so yeah. Admittedly, I haven’t heard anything like this but that doesn’t mean it’s not happening
Haven't heard this either
Only know of VP+ across coverage groups. Lev Fin/DCM as well.
Interesting, maybe theyre just getting started? I guess we'll see in a week or so
B
Can confirm layoffs happened. Mainly in markets groups. I don’t think analysts were touched just associates and up
Was this in NY and CLT?
No real layoffs at the junior level. Seems like a couple non-performing seniors, which is part of the normal course of business.
Is it over now?
Any news?
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