Thread regarding Wells Fargo & Co. layoffs

Why does anyone still work here?

Serious question, why does any still work at WF? I don't understand why anyone would still want to work there.

  1. Constant anxiety over layoffs, pending or threatened. There is NO commitment to employees at all! Zero.
  2. Anyone can lose their job on any given day or week. Why would anyone want to work at a company that is not committed to them?!
  3. Billions ($18 billion or so) was spent on fines related to sales practices, risk management failures, etc. then they hire a jerk who harps about reducing expenses. Employees are not assets here, they are expenses. Do you see this paradigm? If not, see head doctor.
  4. Former executives got rich off the sales practices scandal, the then board (four of who were ousted from their board seats by FRB) let them walk away or retire with millions (i.e. See John's nice home in Arizona he spent millions on for cushy retirement abode), and now who's paying the price!?? The rank and file....constant threat of layoffs, in an organization with numerous known regulatory issues that need all hands on deck, engaged team members to help fix and turn around risk and control infrastructure, reduce issue portfolio.
  5. I could go on and on, oh I forgot one,
  6. A CEO who took a job in NYC and wouldn't move to SF HQ but wants others to move or relocate to a hub at their expense when he didn't have to for a job that pays millions. Do you like working for hypocrites? Executives who work from home with special privileges while many others are told to RTO. Indisparate treatment.
  7. A bloated, bureaucratic org, more meetings and woke-ness, DEI hype than results and execution
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| 1993 views | | 15 replies (last April 27, 2022) | Reply
Post ID: @OP+1gq5VCW3

15 replies (most recent on top)

I still work here because I really enjoy the paper dispenser in the bathroom....you know....the one that spits out paper in 2 inch increments....

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Post ID: @2kbb+1gq5VCW3

Because I didn't go to college and I've been working here 16 years. It's going to be fu----g hard starting from the bottom, again

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Post ID: @1zvc+1gq5VCW3

Upcoming parental leave

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Post ID: @1liu+1gq5VCW3

Inertia

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Post ID: @1xzf+1gq5VCW3

I've been around enough years to have a large amount of PTO each year. That's it. Pay isn't anything special, I can easily move elsewhere for the same or slightly more, but I'm not willing to give up the amount of time off I currently have....as soon as another company matches that time I'm gone!

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Post ID: @vuv+1gq5VCW3

"Serious question, why does any still work at WF?"

Why? Because I am a "Field Rep" and work from home, getting paid a lot of money to do little, if any work.

This allows me to hold a second work from home job as an hourly contractor.

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Post ID: @vlw+1gq5VCW3

@vzl, why don't you just move along and read another post you can rant and rave about? LOL!

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Post ID: @adr+1gq5VCW3

OP,
All this has been beaten to death on other threads. Quit regurgitating the same verbal vomit and come up with something new for a change.OP,

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Post ID: @vzl+1gq5VCW3

I have been here for a LONG time. I'll will hold out for my severance.

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Post ID: @vvi+1gq5VCW3

And I have never ever seen MV (under SVB and SH) in the office. He has mandatory meetings where he doesn't show up and he opened a position specifically for MP and has her managing architects. WTH? I wonder if they have gotten a room yet.

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Post ID: @vvv+1gq5VCW3

Because this is their only job ever and they were hired because of nepotism and they have established their cliques and kissed so many azzes along the way that it would be impossible for them to leave.

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Post ID: @mye+1gq5VCW3

Cos they still pay really well and offer great benefits.

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Post ID: @gvw+1gq5VCW3

Wells Fargo will be and IS already being broken up but by bit and will probably merge with another bank. Get ready and wake up employees, the worst is yet to come. Meanwhile, Charlie will walk away with his golden parachute while the rest who choose to stay in this dying ho-e are left to rot. Wake up and get out.

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Post ID: @asg+1gq5VCW3

Most accurate analysis I’ve seen here in awhile, specifically this…

“A CEO who took a job in NYC and wouldn't move to SF HQ but wants others to move or relocate to a hub at their expense when he didn't have to for a job that pays millions. Do you like working for hypocrites? Executives who work from home with special privileges while many others are told to RTO.”

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Post ID: @xzv+1gq5VCW3

OP doesn’t sound like a team member, scram rabble rouser.

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Post ID: @jgn+1gq5VCW3

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