Thread regarding Wells Fargo & Co. layoffs

The reason Auto hasn't had layoffs

Given how tiny of a blip Auto's revenues are to the enterprise, combined with the inherently dead-end nature of used car loans, and everyone basically forgets that Auto even exists.

Auto will likely continue to enjoy numerous "managers" with fewer than 7 directs, redundant work groups, etc.

The company will easily hit $10B in expense reduction by the time someone near the top even remembers that Auto exists.

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| 1235 views | | 3 replies (last October 26, 2020) | Reply
Post ID: @OP+17B5srmh

3 replies (most recent on top)

Perhaps because they are planning to Sell Auto division. This way, he can eliminate almost 5k employees and fetch around $6 Billion from the sale.

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Post ID: @1mhr+17B5srmh

Auto doesn’t exist

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Post ID: @1jia+17B5srmh

Must be a new week for a new auto thread

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Post ID: @jvb+17B5srmh

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