Thread regarding Wells Fargo & Co. layoffs

Companies are not democracies. My favorite line in all of the CBB promo videos, are when these people say the scandals wouldn’t have happened if employees had a seat at the table. The employees involved were also complicit as they were the ones perpetrating these heinous acts. You can walk away if you know it’s wrong and especially illegal. A union doesn’t magically stop this. Those employees made a choice.

And compensating people for longevity isn’t always a good thing. Remember, some employees are still here who were involved in the bad decisions of yesteryear.

And, when people complain that we have fewer resources today than 3 years ago. Good, we were over-staffed before. Look at the size of Wells’ compared to the size of our competitors vs. their profitability. We were too large compared to our competition, putting all of our jobs at risk.

A union will not help me. The last 3 years I’ve received a 9%, 10% and 20% raise. The prior years averaged 5-6% raises. I’m also rated an exceeds in the truest sense. Some people in my division think they’re an exceeds, but I promise my work outperforms them by a long shot. Yes Charlie makes more than I do, but I’m unwilling to stagnate my wages to bring up the wages of others only putting in 8 hours. You either step up by working 11+ hours daily like I do, or step out. And I too have a family. We all make sacrifices. The end.

Unions are bad news and unhelpful and these Union organizers operate the same as communists.

They prey on your pain and displeasure at your current situation. They promise you the moon and say "give me power, give me money, and I will make things better for you." Then they get that power and money only to enrich themselves at your expense, lining their pockets, and giving you occasional benefits that pale in comparison to their promises...to string you along as long as possible. But you never get what you want and now have yet another layer of control over you and you can't advance without obeying them.

Sound familiar?

Do not unionize! Unions only benefit the organizers - not you. Just leave, find another job, and you will make more money, be more free, than ever before.

No one can force you to break any law. Most of the scandals you mention have nothing to do with labor laws. That said, if a union is what it takes to ki-l RTO, I'm down.

Yup, super strict labor standards... that's why we had the account scandal and are constantly in the news for some new law the company has basically forced their employees to break and then used them as a scapegoat. But totally on the up and up, all by the books. What a joke. Even the most corrupt union will be better than what we have now. Sign me up.

Unions are outdated and ineffective today. There are strict labor laws preventing illegal things from happening. Also, WF pays extremely well for what you do. Step back and think about it. No one cares about you and your Minneapolis high horse.

Unions are only wonderful for underperforming people. They will hinder those who want to work and move up a level or tw. They are the chessboard and you are the pawns. Unions have complete control over those things. I hate the idea of giving up my freedoms to union staffers who say when I can sh_t and when I can't. I vote h_ll no!

Form up and stop letting corporations treat us like chattel.

unions take your money

You’ll all be replaced by the outsourced crowd.

Corporate Greed has gotten out of hand in the country. The midde class is disappearing. Employees not treated with respect with low wages and our jobs going to other countries. I would be interested in a Union. Will it happen in the Financial Industry I have no idea but I would be willing to give it a try. I'm tired of my 1% and 2% annual raises and our group doesn't get bonuses.

@1xtb

I left Wells because it sucked. Union or no union, I am much better off at the new firm.

Basic math reveals that if you pay the CEO less and everyone else more, you'd end up with a $150 raise...PER YEAR

Just leave. Easy solution and earn double

Unions are awesome for low paying public service jobs. For a bunch of people paid a ton while filling out excel spreadsheets all the time … you lost me

Is it cool if some us aren’t $34mm CEOs but know what it’s like to carry dead weight on our teams with no raises? Or is that experience not allowed in your world? You can agree CEOs are way overpaid for actual deliverables without agreeing unions are the answer.

Post ID: @1rfa+1iNO5ckH

Are you saying that Wells Fargo is not already “being run into the ground by greedy, corrupt power hungry 'leaders'? 😂

Why not have some of the power in your corner? Surely you don’t really think Charlie is in your corner.

Large firms oppose unions due to their impact on the company’s autonomy and fears of economic losses as workers fight for higher wages and better benefits.
I have a solution to that: Pay Charlie less and workers more. We can do the job without Charlie, but Charlie can not do the job with the employees.

My experience has been that the only people who promote the scare tactics that “you will be worse off in the end” are the $34,000,000/year CEOs, and their buddies who are being overpaid in the $millions. Oh - and the people who are threatened by change.

I’m not saying unions are perfect. But I do not know ONE worker who isn’t glad he worked for a union.

But they are setting some mpp expectations that are unrealistic so it makes it harder to keep your job if you live in the US.

Can we anti-union employees form a union against unions? The last thing I need is more bureaucracy skimming my paychecks

Nice, my comment was deleted. Adios

Unions start out as an altruistic endeavor and end up being run into the ground by greedy, corrupt power hungry 'leaders'. Unions protect lazy workers and take from the most productive front line people. It's essentially another form of government 'protecring' the common man from powerful financial interests, as if we didn't already have heaps of regulations stifling growth.

Promote and market that group all you want, but in the end, every participant with the exception of leadership is worse off.

If it's so bad that you feel you need to be protected, LEAVE. Or get pushed out via a layoff so you get your extortion money from WF.

I’m a hearty YES to any actions that stick it up Charlie’s smug ar-e.

I want nothing to do with a union, but I'll get in bed with Satan himself if he can ki-l the idiocy the is RTO.

To the people who say: “I don’t want to pay union dues”: I think you should rethink sacrificing dollars to save dimes. The important figure is what you net.

It reminds me of someone who says “College is a waste of money. I can just go to work now and not pay someone for a piece of paper.” Well maybe, but the odds are that you will net more money in your career, with a degree, even after you pay for your education.

Charlie gets 20% raises and you get 1 to 2% again, and you think that’s cool? No, no it’s not cool.

Our benefits are mediocre at best. My brothers are union - they get the same amount or more PTO, they pay way less for medical insurance and have zero deductibles and copays, and they are both going to retire with a 401K and a Pension.

Keep am open mind.

Avoid this like the plague. You may be tempted. In the long run, it will stifle hard-working, high-performing workers and also harm the company.

Guys! Just leave. There’s no reason to work THIS hard for below the standard pay scale. WFC has been shortchanging you for decades. Lemme tell ya what….quit! Leave them a$$Holes without people who know how things work. Wells Fargo calls them “managers.” Fu

Some of these responses are bonkers. When did it become honorable to dedicate your whole life to a corporation that couldn't care less if you quit, were displaced, or worse? This site is literally dedicated to informing others of upcoming layoffs, and we are ALL on it, yet this company is excellent and doing right by its employees?!?!?! Something needs to change. I have been there for 10 years, and it has constantly worsened. They have tried to beat it into our heads that we should just feel lucky that we have a job while doling out pennies to workers and 20% increases to CEO's. Then turn around and boast about record profits. I hope everyone who sees this post realizes that they deserve better, and we aren't going to get it by asking for it individually because we are all expendable to them. Our power is in numbers, and that's where a union comes in, or should I say that's where we come in. A union would be as good or as bad as WE make it.

We have reached peak snowflakery

I can handle my own negotiations with management. I don't need ridiculously expensive union dues coming out of my paycheck which only makes the union staff which are too often corrupt and lazy, rich.

I view it this way:

Why do you think the C-Suite does NOT want employees to unionize? Because Charlie and the BOD want to have total control. They do not want employees to have a voice, they do not want employees to have rights, Charlie enjoys making 500 times his average employee. They love holding layoffs over our heads and rating everyone, basically on a scale of 1 to 5, like we are schoolchildren. Of course they don’t want a union. They are very clearly in it for themselves and have no problem sacrificing you to enrich themselves.

You should want whatever Charlie is against.

There is power in numbers. Right now it is all of the managers and senior execs having power over each one of us individually. We can easily flip that around, by joining together, so that we have the power.

@dmt+1iNO5ckH

Spoken like someone who isn't dead wood and has been in a union shop before. Your pay raises are already set in stone and you can't do anything about it. Unions encourage laziness because working harder than others brings zero financial rewards.

Spoken like a true manager lol

@cqf+1iNO5ckH

Voting for unions is voting for worse pay unless you are dead wood.

It eliminates managers from being able to be discretionary about pay raises and bonuses. I've been in a union shop before. It sucks. The laziest get paid the most only because they have been there the longest.

Honeynet indeed. All this “I love WF” cr-p is definitely Charlie Typing away furiously defending his honor

I’m a part of the Committee for Better Banks. I’m also a WF employee for 21 years. We’ve needed this for years!! It is not ok for our CEO to get a 20% raise while the majority is at 1-2%.

Watch your six, folks. Management internet honeynet. ⬆️

Assuming you are not management, I don't see how a union would suppress higher earners as you would be part of the union and part of a bargaining unit asking for better pay.... Or whatever it is you want to be changed. I think many people view unions as this massive outside power when in reality, it's only made up of employees, and we are the ones setting the terms we are negotiating for... So unless you vote for worse pay, which I highly doubt would be the case (I never would), I don't think this is something you would have to worry about.

I think pay isn't bad and benefits are very good. I ah e recruiter friends that agree. One of them makes a joke about how many PTO days we get, in a good way. What will the unions bring after they take $1000 a year from me? "Threat" of layoffs are a joke. Also, unions will raise the bottom and suppress the top effectively lowering the ceiling in my own compensation because we have too many whiners here

HA! I will gladly pay 1% to a union in order to earn an additional 30% on average. All my raises at Wells have been 1%, and don't even keep up with inflation. Any raises negotiated as part of a union would be WAYYYYYY better than that.

Anyone who isn't management (Can't hire or fire someone) can be unionized. Your income doesn't impact your ability to unionize, and many union employees make six figures. Workers over at Google are also unionizing and definitely fall into the same categories you describe. If you want to better your working conditions unionizing is the best way to do it... because we all know how helpful Employee Relations is lol.

No thank you. I do not want to unionize and I definitely do not want to be forced to give part of my paycheck to a union.

Office union jobs tend to be lower level, hourly.

Will this union cover professional salaried (non-managerial) roles too? Developers, analysts, etc making 6 figures?