Thread regarding Wells Fargo & Co. layoffs

Fact - Wells Fargo has plenty of fat to cut

Also a fact - when its time for layoffs Wells Fargo will cut everybody BUT those who need to go. And once again, nothing will change. Because those who represent the true fat of this company know the right people and have found a way to keep themselves safe.

This right here will be the downfall of this company. Maybe not today or tomorrow, but no company can function indefinitely by getting rid of its best people and keeping those who sit around on their asses all day and do nothing.

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| 1786 views | | 4 replies (last June 29, 2020) | Reply
Post ID: @OP+15EVNALw

4 replies (most recent on top)

Maybe the people who spend their time posting that other people are the fat are in fact, the fat.

I know, it's like whoa, mind blown, right?

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Post ID: @3dja+15EVNALw

The people who are left after the layoffs may be skating now, but hopefully those days are over. The managers with 2-3 direct reports who don’t need supervision that get to stay but end up with 7-8 people who don’t know what’s expected of them are going to wishing they got let go.

And of course it will go that way, because the people making decisions are dealing with slots on an org chart, not people with strengths and weaknesses.

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Post ID: @mrl+15EVNALw

There are duplicate functions within wealth management as well as other areas. The less efficient labor intensive manual process will have to go along with the employees. Labor and real estate 2 biggest costs that can quickly be trimmed.

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Post ID: @glz+15EVNALw

To the OP: what if others think you are the true fat, and they are the best? My point being that maybe everybody thinks they are the hardest working guy in the department?

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Post ID: @fjc+15EVNALw

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