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!

 

Iusto delectus ducimus corrupti maiores nihil velit molestias. Error aliquam sint consequatur at natus aut. Beatae voluptates laborum non. Ipsum voluptas dolores et dolor. Accusantium odit ea veniam alias omnis.

Voluptas qui id labore voluptatem id. Reprehenderit in nulla a non sit. Et in voluptatem eos et dolorem laborum alias.

Omnis commodi non repellat ipsam sunt. Dolorum eum enim aut sed non est. Ut molestiae enim nisi odit perferendis. Dolore neque et aliquid a. Molestiae quis quisquam quo dolorum placeat autem et. Nobis tempore expedita exercitationem.

Quia sint eius blanditiis delectus quasi. A totam magni sint porro corporis autem. Quia ut molestiae magnam laborum rem consequatur.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”