Thread regarding Wells Fargo & Co. layoffs

Remember when Tim Sloan said MN was the one to correct Risk, HH was the one to lead Human Resources, and other lies?
Morale of the story is, do your homework. He and his ilk are as full of p-o p-o as anyone else. He just cashed larger checks.

this place is dying from inside out; they have no interest in innovation or really anything that can help grow the company,

There are plenty of large and small employers/businesses who value their employees and are intellectual enough to realize that happy employees yield happy customers and higher productivity. Not all Senior Management teams are in it for themselves only.

My friends and family members have been happy in their careers. What kind of places do they work? insurance, credit union, journalism, social work, master carpenter (currently can write his own ticket), Boeing (yes BA routinely has layoffs, but they always start with voluntary packages), teacher (except for this past year), Google and Microsoft, data analysis at BAC, nursing. And yes some have even stayed with good companies, rather than bouncing around, and have done very well for themselves.

Times are changing, but you have choices and you should work for a company who values their employees. The companies who value their employees will grow and prosper and move forward.

WFC will continue to have to concentrate on repairing the past, shrinking, selling off business lines, cutting costs, cutting good employees, pulling back, apologizing, cutting benefits and pay, playing musical chairs with leadership and employees, losing talent, closing doors, destroying employee morale, stalling on projects, not investing enough in technology, reducing, minimizing, weakening, diminishing.

They all said that. Some actually did but most just used it to enrich themselves, like anyone that had any sense predicted. But American companies have a problem investing in their own country and their own people, unlike other civilized countries in the world. We are still a young nation and the older countries have already made the mistakes we are and managed to come out the other side and be better for it. Hopefully we will get some sense someday and do that too.

I think investing in employees as a concept pretty much stopped 40 years ago. That's why nobody has a job for life like our parents and grandparents had. Shareholder value is king in a capitalist environment. Nothing new here unfortunately.

I don't mind the company making big profits, or buying shares. I am starting to mind how the company throws money at every charity that ever existed though. Yeah yeah, PR, I get it, but they spend way to much in that area IMO. I love charity, but as they say, 'it's impossible to be charitable with someone else's money'. We don't need more min wage increases, what we need is legit pay for performance, and I don't mean that a top performer gets a 2.1% increase while a do-nothing lazy employee gets 1.9%. For years they've increased min wage and it's really starting to squeeze those that have advances beyond being entry level. Time to make one less charity donation and take care of the high performers.

It’s all about shareholder dividends and executive compensation. Wells Fargo is never going to innovate, change or evolve when it comes to it’s “employees” (i.e. the artists formerly known as “Team Members”). It’s a sick dinosaur on its last leg on it’s way to the tar pits. The buzzards are circling. It’s extinction is already a certainty.