Thread regarding Wells Fargo & Co. layoffs

Attrition is different now

Wells Fargo has always had high attrition for various reasons, but mostly it was people who'd join then leave as soon as they had something better. That's no longer the case. Now we are losing our top talent on a daily basis - and there is a huge difference between losing 5 percent of run-of-the-mill employees and losing 5 percent of top talent. It's the same number of people but the impact is much more serious. This has been going on for a few years now, but I don't see anybody doing anything to stop it.

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| 2590 views | | 10 replies (last May 26, 2021) | Reply
Post ID: @OP+1b1VjYqq

10 replies (most recent on top)

Yes I know several top performers who recently joined competitors

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Post ID: @1kgz+1b1VjYqq

Everyone is just a number. A dot on some org chart. The more that quit, the less they have to lay off.

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Post ID: @obg+1b1VjYqq

@tmh+1b1VjYqq

Even qualitative statements have to be based in something, and this one doesn't appear to be based on anything at all. If it's someone's gut feeling or what they have seen in their own small part of the company, that's fine, but that should be understood by all readers so they can take it into account.

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Post ID: @gof+1b1VjYqq

@yko+1b1VjYqq, I noticed the high number of down votes, you must have asked the right question. I think the OP pulled that data right out of her/his a$$.

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Post ID: @oko+1b1VjYqq

No, we’re just talking about qualitative statements that don’t need to be pedantically fact checked like we’re in a high school debate club looking for gotchas.

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Post ID: @tmh+1b1VjYqq

So everyone hates data/facts. Interesting...maybe this place really is circling the drain.

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Post ID: @mvn+1b1VjYqq

@ham - sure you are

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Post ID: @xmw+1b1VjYqq

best thing that ever happened to me leaving here! THank you Wells Fargo!! Now on a new career level, money just flowing in, less hours, great company just joined with.

Thanks for the compliment, as I was one of the top 5% here too, the best of the worst.

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Post ID: @ham+1b1VjYqq

they dont care, they just want to cut more people, its only numbers to these people. They lack ethics and other American traits. This is now an indian company.

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Post ID: @hia+1b1VjYqq

Where'd this data come from exactly?

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Post ID: @yko+1b1VjYqq

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