Thread regarding Wells Fargo & Co. layoffs

The truth is that the Wells Fargo C-Suite can’t survive without the employees

They don’t know the basics or the complexities of the business. They don’t understand the technology and the manual workarounds that keep the bank up and running. They are not bankers, tellers, traders, research analysts, accountants, financial advisors, loan officers, underwriters, or commercial bankers. They can’t answer a question like our call centers can, manage a project, provide customer service, process a trade, pay a bill, or correct an error. I’ll bet they couldn’t unlock the door to a bank branch, much less manage it.

And yet they are so pompous as to have the gall to tell us we are who should appreciate our jobs, we are who need to be reviewed and stack ranked, we do not deserve job security, and we need to have our “butts in seats”.

If the employees get together and figure out that we are the ones with the real power here, WFC leadership is screwed. They know they can’t do it without us, but do you???

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| 2115 views | | 17 replies (last July 6, 2022) | Reply
Post ID: @OP+1hwyiMiw

17 replies (most recent on top)

Post ID: @3ytv+1hwyiMiw

Then you have certain political aparties working to override the will of the people. They did not succeed last election so they are busy rigging the game for the next ones right out in the open for anyone paying attention.

Problem is, too many people do not and just look for their daily talking points from their masters instead of doing their own research or thinking for themselves.

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Post ID: @4zvt+1hwyiMiw

Post ID: @3ytv+1hwyiMiw

Spoken just like a Banana Republican.

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Post ID: @4uxr+1hwyiMiw

@wpm+1hwyiMiw

All changes and revolutions, companies or governments, are always, always, from the top down. The lie of 'people power' is instigated either by collaborators or dupes that only serve those already in power.

It's a much cheaper kind of reorganization and they stay wealthy while you and I lose everything.

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Post ID: @3ytv+1hwyiMiw

@qpc+1hwyiMiw

They spend most of their day writing those auto-sent emails, or someone writing it for them between meetings, accomplishing nothing.

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Post ID: @3cev+1hwyiMiw

@zsc+1hwyiMiw Another useless layer of people shuffling even more useless paperwork. Ask them what they do - none of them can tell you coherently and when you ask why the development team needs them they’ll tell you they don’t know. Just another gang of checkers checking things they have no experience with.

You tell them you have a problem or need help with something and they basically tell you, “okay, well, let me know when you find someone to help you but I have to report you’re not done.” Gee, thanks, pal.

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Post ID: @1kdm+1hwyiMiw

No pyramid scheme can survive without the bottom layers doing the grunt work to enrich the executives, stakeholders, and shareholders at the top. Corporate exploitation is how capitalism works in America. Enjoy your 4th. 🤦🏻‍♂️

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Post ID: @1gjr+1hwyiMiw

OP here. I’m not for or against a union, but I would definitely be for an employee rep in the upper ranks or on the Board. And I would want for it to be someone who has employee’s backs and can’t be bought. I don’t like the fact that we have a CEO who clearly doesn’t value or respect his employees. That’s not good for us or the bank.

Never going to happen, I know, but it would be so damn enjoyable being a roadblock to Charlie’s Easy Street that I would do it for free!

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Post ID: @1iej+1hwyiMiw

There are ‘Chiefs of Staff’ down to the director level.

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Post ID: @zsc+1hwyiMiw

Way too much mgmt, layers and layer! I think the DR direct report goal has been forgotten...many exceptions visible in teamworks. And guess what???!!!, C Suite has a "Chief of Staff". My, aren't we important! A money pit.

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Post ID: @bus+1hwyiMiw

Let me guess we need a Union, you need to be our union rep, and we need to give you a part of our paycheck so you can look after us, got yah.

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Post ID: @wpm+1hwyiMiw

OP states a common occurrence at very many companies. Unless the supervisor or manager moves up from the seats over whom they supervise, many won't know their jobs. I see both situations at Wells. As for Charlie Company, they all know how to put on a suit when the cameras are there, but the suits are pretty much empty.

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Post ID: @qqj+1hwyiMiw

Original Post is worthless. Someone has to be in charge, and they naturally wort be as familiarly with certain areas of the business.

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Post ID: @hcm+1hwyiMiw

Clients come first. WF doesn't realize this

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Post ID: @fcb+1hwyiMiw

People are not widgets. That’s for you SVB.

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Post ID: @afp+1hwyiMiw

The fact there are so many “manual” work arounds is why this bank should be broken up

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Post ID: @hop+1hwyiMiw

Op - outstanding and comprehensive list of stuff they don’t know. But you left missed a few. They don’t know how to relate to people and have zero people skills

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Post ID: @qpc+1hwyiMiw

Wells Fargo (and other companies) goes wrong by thinking that managers don’t need to be experts in the departments they lead. I have always disagreed with this philosophy. Management is broken from the ground up, and gets worse the higher you go in the company. It’s a joke, really.

This is why we keep getting in trouble with regulators, can not resolve outstanding consent orders, and can not get out from under the asset cap. Our leaders can not solve problems they do not understand. And the new executives Charlie keeps bringing in do not have an more knowledge or expertise than the old leaders had, probably less. It’s all a big money-grab for Charlie and his buddies.

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Post ID: @dfv+1hwyiMiw

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