Wells Fargo Preparing To Potentially Cut Tens Of Thousands Of Jobs

https://www.zerohedge.com/markets/wells-fargo-preparing-potentially-cut-tens-thousands-jobs

We already know this, but passing it along just in case someone hasn't seen it.

"Wells Fargo has certainly led the way in the banking sector when it comes to things like massive scandals and botching Small Business Relief Loans - so why not lead the way when it comes to announcing massive layoffs?

That's exactly what the bank has done. Under pressure to lower its costs, the bank "quietly ended a moratorium on terminations in recent weeks" according to the LA Daily News. The move is seen as the bank preparing to make deep job cuts. "

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2 replies (most recent on top)

Wells is bloated. Tens of thousands of employees including high level managers have been treating the virus as a vacation. And doing little actual work.

Also millions of hours are spent on social issues. These may be important issues but why are these “clubs” consume so much time.

I say cut pay and people 30% or more.

i like the optics of a fraudulent company laying off thousands of people in the middle of a pandemic while sending jobs to india after getting 3 massive tax cuts and a giant bailout in 2008.

Everything thats wrong with USA all rolled up into a catshiit glazed dogshiit sammich.....

Thread regarding Wells Fargo & Co. layoffs

Wells Fargo Preparing To Potentially Cut Tens Of Thousands Of Jobs

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