My sources are telling me that over 150 people were laid off from the Wells Fargo Auto Finance division in Chester, Pa today. Rumors have swelled that up to a 1000 people will be laid off over the course of the coming month. Folks in Allentown were laid off as well as a small office in Boise today too. Quietly, this $24billion branch of Wells Fargo bank is slowly collapsing and will ultimately become one big write off to the company in the next few years.
Just a minor bump in the road though, the economy is in a slow down.
Ohhhh, I can smell the distain, DV!
It’s his being smited! All who walk with him will reap the sorrow of his smite.
Go create a universe or something! 😉
hey dv, if you were still there, it would have been 151. 😉
this is the start of a bigger trend. many of these will be shutting down operations.