Wells CEO seeks to reassure Wachovia workers (at bizjournals.com)

Atlanta Business Chronicle - by employees, indicating that massive layoffs are not a part of its acquisition plan. “We know this has been a time of great uncertainty for Wachovia team members and many of its customers as their company has gone through a very painful and challenging time,” Wells Fargo Chief Executive John Stumpf said late Thursday. “We want to assure them we’ll do everything we can to make the integration of our operations as smooth as possible. An important measure of success for this integration will be our ability to retain as many of the talented Wachovia team members as possible.” San Francisco-based Wells (NYSE:WFC) is generally expected to avoid layoffs, if possible, in the largest acquisition in the company’s 156-year history. Even in making last year’s in-market, Bay Area acquisition of Greater Bay... [read full story]