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Still blessed to have a job...and NO more commuting to Ballantyne. I now work out of my home and I am back Uptown and could not be happier. I take it day by day and have no worries. Life will go on with or without Wachovia.
Very true - and glad to hear no more commute, 7oh4!!!
Very true - and glad to hear no more commute, 7oh4!!!
I should not complain...I only had to commute for 3 months...but driving an SUV...I will save about $50 a week. I am back Uptown where I want to be. Life is good. PRAISE GOD!
Pray for everyone without a job or getting laid off!
Wachovia actually has 4 mortgage divisions. Two of the operation centers are headquartered here in Charlotte and the other two have operation centers all across the country, including San Leandro, CA and somewhere in Texas. They are going to consolidate those 4 divisions into 2, but, nobody knows where the ops centers will be. An educated guess would be bringing them to Charlotte, or expanding the ones that are already here in Charlotte...but, nobody knows for sure yet.
Location: Some got six month some got one solid. But me and my buddies all got lifetime here
4,555 posts, read 10,401,557 times
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Quote:
Originally Posted by chicagocubs
Wachovia actually has 4 mortgage divisions. Two of the operation centers are headquartered here in Charlotte and the other two have operation centers all across the country, including San Leandro, CA and somewhere in Texas. They are going to consolidate those 4 divisions into 2, but, nobody knows where the ops centers will be. An educated guess would be bringing them to Charlottebut, nobody knows for sure yet.
Embattled consumer bank Wachovia has hired investment bank Goldman Sachs to help it evaluate its consumer loan portfolio, according to a report from the Associated Press.
A Wachovia spokesperson told the AP that Goldman will help it analyze the portfolio and “evaluate various alternatives.â€
On a blog I read today, someone referred to Wachovia's new CEO as "Gordon Gecko" and said - brace for the slice and dice . . . cause Wachovia was on the chopping block.
So who will the suitor be? Speculation all around . . . seems people are still clinging to the JPMorgan scenario . . . despite the 10% threshold for deposits. The word is - Congress would gladly sign off on that deal to keep foreign investors out. Hmmmmm.
This was certainly much more concerning when the stock dipped down in to the $9's. SInce there's been a modest recovery, I'm wondering if there's really any institution that has the capacity to absorb the giant that Wachovia is.
Location: Some got six month some got one solid. But me and my buddies all got lifetime here
4,555 posts, read 10,401,557 times
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Quote:
Originally Posted by Hoagie58
This was certainly much more concerning when the stock dipped down in to the $9's. SInce there's been a modest recovery, I'm wondering if there's really any institution that has the capacity to absorb the giant that Wachovia is.
After consolidating functions, selling off various parts of the business, future layoffs, a year or two from now it won't be anywhere near the giant it used to be.
After consolidating functions, selling off various parts of the business, future layoffs, a year or two from now it won't be anywhere near the giant it used to be.
I think it won't be the giant it is by end of 4th Q. I think they are gonna get lean very quickly.
All a guess, of course, LOL. But if I were betting . . .
I heard that most of the layoffs will be outside of Charlotte
Well, as I said earlier - a bad situation for anyone that has to face loss of a job . . . but I do hope they spread it around and don't just whack a bunch of people at one location. That makes it very very difficult for people to replace jobs when there are so many others w/ the same skills on the market. So I do hope it is not gonna be that way for the people who will have to deal w/ finding a new job.
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