****Warning Signs of a Business in Trouble**** - post regarding Wells Fargo & Co. layoffs

Warning Signs of a Business in Trouble

A distressed company usually shows signs of trouble which are reoccurring and not industry specific.

Warning Signs:

Selling assets
Reducing or eliminating dividends
Earnings misses
Cultural crisis
Unclear ethical standards
Employees speaking out publicly
Deteriorating facilities
Layoffs
Fewer raises
Ruined Brand
Too many meetings behind closed doors.
Key personnel or senior leadership turnover.
Continual staff replacement
Hiring freezes
Bad employee – employer relations
Communication breakdowns
Bad press and poor media management
Disgruntled stakeholders
Uncertainty in the organization
Evasive CEO
No long term goals or plans
Defensive management
Credibility problems
Quality issues with products and services
Unmotivated employees
Excessive rumors and gossip
Extravagant pay of executives
Delay in implementing approved projects without sufficient explanation
Unusual shift away from the company’s traditional strategy
Adverse legal action
Inability to comply with government regulation
Employees are playing musical chairs
Reduction of employee perks and benefits

Comment! It's anonymous!

9 replies (most recent on top)

Folks are in denial...This is reality.

So now Wells is a “distressed” company...

JHC the crazies are taking over around here

I’m am not the OP, but I don’t mind this post at all. It’s informative, and you can draw your own conclusions. It might help some of the employees who haven’t worked for a company going through serious troubles. And yes- we are going through serious troubles. Not all employees who work here are financial industry experts. My nieces are college educated, smart and trusting- they would buy the Corp Comm company-line that everything is just peachy. No one said Wells Fargo will fail, or it will fail soon, but it doesn’t help anyone to live in a bubble. I read all opinions on the company and they are mixed, both positive and negative.

So no-I actually thought this was good. And it prompted the great comment from Post ID: @wwc+17ZoGDZv, which a lot of people apparently found to be helpful. I think it should be a call to action for employees. I would rather be informed and be in control of my own future, than let Wells Fargo decide my fate.

CQTN: You’re

Yeah OP! Stop posting the facts. We have never had to deal with reality before, why start now? Your bringing the Toxic Positivity crowd down.

What’s the point of posts like these?

Serious question

Is this supposed to be news to anyone? We have been in trouble even before we got caught cheating.

“Extravagant pay of executives” 👍

A friend reminded me the other day that it's easier to get a job when you already have one. This is not new information, but I’m glad she said something. Research shows just how much harder unemployed people have to work to land open positions than their employed competitors. An employed person also has more leverage to negotiate a better pay package.

Part of me wanted to wait for a severance package. Mine would be decent and I could use the break to reboot. But if you know you ultimately want out, the long-term better goal might be to be looking now.

Thank you to OP also. It’s always easy to see the warning signs in hindsight. But many of them are occurring now in plain sight.

Thread regarding Wells Fargo & Co. layoffs

Warning Signs of a Business in Trouble

9 replies (most recent on top)

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