Thread regarding Wells Fargo & Co. layoffs

@2nwl - same here. It’s hard to see your teammates goof off all day and while you have so much to do. Not sure how OP came up with the idea that there is no dead weight and people just make it up. Too funny!

I can't speak for the whole company of course, but I can tell you my team has some dead weight on it and it is entirely my manager's fault. Just like someone else here said, my manager gives all the work to the people that he knows will do it and doesn't ask even the bare minimum (no exaggerating) of the rest. They just stay quiet and in the background, and my manager is fine with it. Morale for the rest of us is obviously low.

There are a lot of parrots on this board. Also a lot of CS apologists. That’s where they get their data. Squawk!

Dead weight at WFC called managers too busy having affairs I mean meetings. Wonder why you don't get ahead what do you do for your boss. >>>>>>>

Hard to “see” dead weight in WFH environment. Other than what my team is working on I can’t speak for other teams, but apparently there are posters where that have broad knowledge of everyone.

@ckl that would explain how we get to where we are today. Messed up!

@son+1a5M5KEV

This is a common organizational pattern, leading to the truism “If you want something done, give it to the busy guy.” Also, an interesting corollary seems to be that likable ineffective coworkers also have a tendency to be promoted to first line managers. I can tell you from 40 years in banking, much of it in management, that there is no real good way to assess the performance of a manager. So long as a manager is personable and positive they remain on a comfortable glide path.

If 8 of you work very hard and the other 4 do nothing, your next manager will come from the most personable of the 4 who did nothing. It will be the person who networks and quietly talks to others all day, every day. They will also never internally interview for a job without knowing beforehand that they have it.

This is True in all banks... mo exceptions.

Blame away. There are problems to be fixed. You can’t fix problems until you acknowledge they exist.

Those lazy people have been with the company for years. It has nothing to do with the layoffs nor the situation Wells is in. No blaming. Just how it is

New to this thread. Layoffs have created quite a toxic environment here at WFC. These are tough times and it is difficult to not be dragged down by it. I am angry and struggle with who to blame. I lean towards management, past and present. It would never occur to me to blame my team mates. But that’s just me.

OP here:

Post ID: @rlx+1a5M5KEV did not come from me. I don’t respond to that type of poster. But I don’t necessarily disagree with @rlx.

@rlx, OP is that you?

I used to have a very weird manager. The more you work the more he gave you work to do. If you get nothing done you get nothing assigned to you. If you made mistakes you also get no assignments after that. He didn’t care to delegate the works evenly, to him as long as someone gets them done it’s fine. 8 of us worked very hard and the other 4 did nothing.

Post ID: @sgo+1a5M5KEV

You just keep revealing your lack of intelligence and reasoning. I love it.

Post ID: @gsj+1a5M5KEV

OP here.

I never said Wells is streamlined. But I don’t put the blame on the employees. I put the blame on past Senior Management who did not invest in technology. We need a lot of employees to support the manual work-arounds required to keep the business running properly on the old technology. That doesn’t mean there is something wrong with the employees.

And I put the blame on the useless red tape you mention, much of which is required to try to keep us legal in a world where we should have updated technology that can perform the checks and balances instead of employees.

I work in a LOB where we have over 3000 system enhancements that have been log-jammed for years. Senior management (and yes - this new team also) will not spend the money. You spend it on the systems or you spend it on the people. That’s why it’s easier and faster for Charlie to just sell whole business lines. Because he knows he’s going to have to spend a lot of money and a lot of time to fix the systems in order to cut the headcount meaningfully. Reducing redundancies will help, but it doesn’t generate the impact and the cost-savings he needs to generate while also keeping us in the good graces of the regulators.

Those are the facts. I don’t blame my teammates and I don’t call them names: “dead weight” and “trim the fat” when I’m looking to fix the real problems. The employees who do so reveal how very little they really know about the inner workings of Wells Fargo.

@gsj. Agreed completely

The events team has always been dead weight. And now even more so. How many events have we had in the last year 0. How many this year?? Probably 0. Lots of people with six figure salaries with nothing to do. Will recognition events come back?? Probably not, but not one person will be let go.

@sih. You got my number? Make sure you do something with it. I am waiting

Wells has a TON of dead weight. It is a fact.

No other US bank similar in size to us needs anywhere close to a quarter of million employees to operate. So why do we...

The dead weight comes from the sheer amount of ridiculous red tape processes the bank has.

Useless middle managers for years created empires based on building teams around processes that add 0 value.

Charlie needs to put the hammer down and help cut all the red tape and inefficiencies and unfortunately people who support those will be victims. But that is how the corporate world works.

But let’s not act like Wells is perfectly streamlined and that there is no dead weight...

@nje. So uh.. you think those who think there are dead weights are liars? Does that mean you are liar yourself? Got it.

Post ID: @fao+1a5M5KEV

Can’t take the heat when questioned? So you overreact with insults. I’ve got your number. Thank you for unwittingly proving my point.

We have an arrogant guy in our department who thinks he is the hardest worker/smartest guy in the building.

The truth is that he is overconfident, boastful, works hard but not smart, is confrontational, would rather make a mistake than ask a question, blames others for his mistakes and no one wants him on their team.

@nje aka OP. Oh how cute! How naive and how clueless you are. Watching Dr Phil while WFH much?

Most people in retail are uneducated and moved up due to unethical sales tactics used during the gaming regime. I can attest to that been with Wells Fargo over 25 years. There are managers that have no idea what their doing and every move has to be ran by their DM due to lack of decision making skills and education.

Post ID: @rla+1a5M5KEV

Please share with the rest of us what makes you so much better than those who you are calling out. I really want to hear.

there is one dude in our group, all he does is patching and does it from how it was done in 70s, yet he is in his 30s or 40s maybe; he is also a whiz at spell checking. Plus hard to understand what he says, like talking to an id–t.

This type of worker no longer needed in todays workforce

@OP, you are idealistic and make a lot of assumptions. Again, many of the opinions here are fact based because we work with these other teams and call them out here.

Please spread your rhetoric somewhere else, yoir words are meaningless.

OP here

People who see “everyone else” as liars are usually liars themselves. The person who accuses others of cheating is himself a cheater. What you see in others is a reflection of yourself.

The most talented and skilled people don’t have the time or feel the need to criticize others. They are too busy with their own interests and work and lives. In fact, they try to lift others up, not put them down.

Get yourself where you need to be and then maybe you’ll see what’s good in others. The people who think they are the “only ones doing the work” rarely are because they are too busy complaining about everyone else.

I am a contractor here doing all the work for the comapny as full time employees uneducated, out of date, and useless

@OP. Oh yes, plenty of worthless and lazy people that can be gone tomorrow and no one even notice. And if you don’t see the dead weights then you must be one of them.

this dude is from JP Morgan, another obsolete worker

The area I’m in had some cuts but there is still plenty of dead wood. Most of the actual work is done by contractors while the FTEs attend endless pointless redundant meetings and complain about how busy they are.

I can’t believe I’m still here. A package would get me to Medicare. Maybe next round ....

@OP. Who's standing up for WF employees? You? LOL!

@OP, if you’re not operating within the field we are complaining about then go crawl back under your rock. The voices here are the people doing the work, working by with others, and observing others so we know what’s actually happening.

Sigh, why are people so short sighted and too ideological - it literally serves no one any good.

@OP. I am curious. What area are you in at Wells?

Stupid post!