Thread regarding Wells Fargo & Co. layoffs

This “Why top people are walking away” thread points to toxic managers, blame games, and “wagile” messes driving high performer turnover—and the Business Execution Consultant thread (recent) shows why. BECs are hired as managers with tech expertise (e.g., testing for “know your client” compliance, @eh) to put out fires, managing teams of offshored Indian consultants or stateside ICs. Fire’s out—now what? If they’re good, they might expand their role, but @d7 asks, “Then what?” Is there a long-term role for BECs, or does WFC’s lack of product vision make these roles dead ends? Understanding and envisioning products to meet clients’ financial needs should never end, but WFC’s leadership has stalled on this. McKinsey’s research shows top banks focus on customer-centric design—building end-to-end journeys (like home buying, from search to financing) and using data for personalized offers (like tailored wealth products). WFC, instead, has a history of ethical lapses: the 2016 account scandal saw them sign up clients for unneeded products rather than designing appealing services. That lack of integrity continues—leadership keeps firefighting (cloud thread: no strategy, @OP) without designing innovative financial services customers want. The 2022 banking app’s rating drop (3.87 to 3.27) from poor UI shows this neglect. High performers want to create value, not just fight fires under “pager-era execs” (@ft) who can’t envision the future. Is this why top talent is bailing—because WFC can’t design a future worth staying for? Curious for insights.

Location Strategy / Threat of Layoffs / Stagnant opportunities.

Spin the status wheel, your choice bro.

At this point I think more broadly it’s by design. All the things mentioned that will lead a top performer or anyone else for that matter means less severance dollars out the door. That is one of the primary missions of this leadership, and this helps achieve it so in their minds the plan is working.

Thanks, Tony Robbins

maybe it cause of poor grammar and punctuation

It is like being in an abusive relationship. We only go when the pain of staying in it is more than the pain of leaving.

Ok

Here, it's definitely about the paycheck. It's like being in an abusive relationship. First you plead for change, try to connect, but over time you realize your disposable and replaceable. Then you become indifferent and emotionally separate yourself. You go to work, do your job, and get paid. Period. We are not a family and your co-workers and managers are not your friends. The reality is most of them will throw you under the bus if it meant saving themselves.

The managers or high people never get let go in my opinion .