Thread regarding Wells Fargo & Co. layoffs

Our CEO is no business genius

We are not experiencing exemplary executive leadership here. There is no thinking outside the box, no seeing the big picture, no seeing things differently, no connecting the unconnected, no challenging convention, no looking for new opportunities, no game changing, no vision, no technological advancements, no innovation, no new ideas, no sharp business thinking, no creativity, no improvements, no imagination, no high performance, no insight…..

Charlie is just a cost cutter. Layoffs, offshoring, outsourcing, short-staffing, Spams & Layers, cutting customer service, mediocrity above excellence, more with less, outdated stack ranking, and weakening of the bank.

You can’t simply cost-cut your way to prosperity. It's the old adage: “You can make a pizza so cheap, nobody will eat it. You can make an airline so cheap, nobody will fly it.”

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| 1034 views | | 12 replies (last November 2, 2023) | Reply
Post ID: @OP+1pn71Xyc

12 replies (most recent on top)

@dvm+1pn71Xyc
Quoting Dante is a first for this board. I think I’m in love!

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Post ID: @1rob+1pn71Xyc

Compensation time around the corner, Shart and his buddies on the OC lol at us peasants as they take record bonuses funded through buy back dollars to manage the stock float. Buy shares with buy back, issue shares to the OC. Greedy scam.

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Post ID: @tar+1pn71Xyc

My manager is clueless too. I have been trying to do something about it but she keeps coasting.

When are they going to hold managers accountable?

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Post ID: @pty+1pn71Xyc

@pzs+1pn71Xyc

4 years should be enough “time to tell”. Still under the Asset Cap, still violating regulations, internal chaos, reputation not repaired, stock down, dividend down, broker count down, instability in the upper ranks - all for $24.5 Million per year. Any other employee, here, with his failures would be long gone.

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Post ID: @hjn+1pn71Xyc

Or what if he/they is/are and we don't see it?

Only time will tell

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Post ID: @pzs+1pn71Xyc

Abandon all hope, ye who enter here (Wells Fargo's new recruitment slogan).

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Post ID: @dvm+1pn71Xyc

Can’t cost-cut your way out from under the Federal Asset Cap.

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Post ID: @oqf+1pn71Xyc

@tqe+1pn71Xyc

True. This is why everyone at Hudson Yards needs to go destroy some other company.

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Post ID: @pao+1pn71Xyc

How long should you date someone before asking them to pop a whitehead on your back?

(Especially if it's huge and likely to be a pus eruption.)

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Post ID: @xdx+1pn71Xyc

Yay, broken record poster. Let's regurgitate the same sh-t only different day.
Might as well make monkey sounds instead of attempting any true discourse.

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Post ID: @eeb+1pn71Xyc

All you need to do is listen to him talk.
No substance.

I would feel sorry for the guy but it is impacting folks who need jobs.

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Post ID: @rtc+1pn71Xyc

Stop crying about the CEO. There are a few other nimrods between you and the top of the house, no?

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Post ID: @tqe+1pn71Xyc

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