I am puzzled why we do not have any updates on Wells Fargo Advisors Layoffs here? Why are people being silent despite layoffs?
5 replies (most recent on top)
Puzzled? The reason behind no updates is that WFA is done. Some good people were let go. They will find better jobs at other firms. Others were close to retirement so they got paid to leave. No one wants to talk about the dumbest move in the brokerage industry.
There was nothing wrong with having 3 channels in the first place. All that needed fixing was to align the rules among the channels and to cut the senior management who added no value. Instead, they went for the people who actually ran and kept the business going day to day.
Amen @1eoh
Very simple. They lay offed the best people and replaced them with inexperienced rookies who will do what they are told. They will not ask questions or upset the apple cart. This is planned and on purpose so they continue to loot and do unscrupulous dealings. They got rid of the management who cared and truely cared about clients. The people who were not afraid to ask questions to upper management. Everyone at Wells Fargo Advisors are upset. The FAs, support staff and the Branch Managers are all spinning and have no idea whats going on. This is all planned to create chaos,more attrition and a red herring to continue to loot.
That group is going south fast. I so tried to use them as my broker but it was one frustration after another.
I haven't heard anything. Is this for real?