Thread regarding Wells Fargo & Co. layoffs

Eye-opening All Marketing Update

Recent Marketing Update was shocking in what it revealed.

Jamie Moldafsky admitted that, yeah, we probably shouldn't have released a reestablished ad campaign so quickly and indicated that WF was OK when it wasn't (and, clearly, still isn't). SERIOUSLY??? Every team member was screaming when you rolled out your nightmare "vision" for the ad campaign – doubling down on the LIES. You call yourself a LEADER??? (Moldafsky has to go! Totally incompetent.. not just for this, but for massive "holistic marketing process" cluster, etc.)

But it gets worse...

Amid all the Marketing execs lightheartedly chuckling among themselves throughout the discussion, innovation was brought up. They all agreed we need to do things differently. UH, YEAH.

Then Gary Korotzer (Brand) asks if anyone on the Marketing team knows anyone who's come on board from a competitor. He asked us to email Gary their names so we can tap into their knowledge of how they did things at their former company. WHAT??????
THIS IS YOUR BIG IDEA????

What have you execs been DOING all this time, while you are drawing massive paychecks/bonuses???? O M G !!!

My colleagues and I are SO embarrassed by this company's lack of leadership.

Their solution is to copy/recycle ideas from team members from other financial services companies who were dumb enough to join WF??? THAT is your plan for INNOVATION??? Because you can't think of anything on your own? Can't reach out to colleagues OUTSIDE finserv industry? Why are you getting PAID obscene amounts of $$$???

It is painfully clear we have no leadership. That discussion was the final nail in the idiocy coffin for so many Marketing team members.

G*d help us all.

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| 2423 views | | 12 replies (last February 21, 2020) | Reply
Post ID: @OP+13ApgdPu

12 replies (most recent on top)

Change for the better 5

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Post ID: @2aea+13ApgdPu

Previous posters are spot on.

Marketers are THE masters of spin.

Does Moldafsky (or any other WF exec) think we should believe anything they say, after YEARS of lies and corruption?

Give us a break. We're just pawns in the opaque chess game. WF lost its soul a long time ago.

Make sure to stay productive, everyone, as we circle the drain! Those making the decisions have golden parachutes and bloated bank accounts.

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Post ID: @1aah+13ApgdPu

Most of Marketing seems to be head in the sand business as usual. I’ve even heard raves about how Moldafsky was so relaxed and natural compared to her usual frenetic demeanor at this last meeting.

The party line seems to be that the new structure will give marketing better opportunity to work closely with the LOBs and bring even more value and expertise.

And of course I personally believe everything I’m told.

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Post ID: @1uft+13ApgdPu

The new Mktg Transformation leader was a clear sign Moldafaky is on her way out. We all know she didn't hire him.

Her recent video clips of updates (to show she's "hip" with technology?) won't save her and seem out of place.

She even appears disheveled (not entirely new, but more so).

Dead woman walking.

At least, unlike all those whose career paths she's ruined (and continues to ruin), she has plenty of $$$ to fall back on.

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Post ID: @1yyx+13ApgdPu

Marketing has been completely decimated. Sources confirm Moldafsky has reached the end of her ride at WF&Co. All but 2 of her current direct reports will be looking for other opportunities. Keep watching!

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Post ID: @1ane+13ApgdPu

yea how do you hire a manager without the backgrounds in the field, pretty bad if you are trying to be successful

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Post ID: @1uno+13ApgdPu

Yea in our group only the laziest ones with no knowledge or internal motivation get moved up

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Post ID: @1zma+13ApgdPu

Not just Marketing or Tech.... Same on the HR and Recruiting side with managers selected based on who they know, not what they know.

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Post ID: @1gdj+13ApgdPu

At least she was honest for once.

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Post ID: @nru+13ApgdPu

The shortcuts that work at other companies won’t work here. We need to realize this.

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Post ID: @hgo+13ApgdPu

She should be fired, I’m not in Marketing but it’s just common sense that you don’t try to rebrand until your operational issues are solved. That whole org is being deconstructed anyway, they just need to fire the top people.

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Post ID: @fqk+13ApgdPu

Not just marketing... Same on the tech side with managers with no technical qualifications.

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Post ID: @ewa+13ApgdPu

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