https://www.americanexpress.com/en-us/business/trends-and-insights/articles/9-surefire-ways-to-destroy-employee-morale/
9 Surefire Ways To Destroy Employee Morale
Yep, that about covers it.
Wells is continuing to invest in various business lines, but cost-cutting remains a high priority. For instance, the bank has cut 6% of staff in the past year.
The bank plans to offer more detail on its cost-cutting efforts in the next earnings call in January.
“We’re not done on the efficiency journey,” Santomassimo said. “As we execute on the stuff that’s in front of us, we continue to find more opportunity, really across most parts of the company, so that'll continue to evolve.”
https://www.bizjournals.com/sanfrancisco/news/2022/10/14/wells-fargo-earnings-wfc-ceo-charlie-scharf.html
Every single one applies, some more than others.
This is the "leadership" shareholders are getting.
The rot here is now worse than I've ever seen.