Expect more unionizing for 2024, which undercuts management's claim that they are engaging employees. Target areas for unionizing should include the Maryland/DC areas, and yes, some of us have reached out to CWA to inquire.
Next should be an employee organization to seek representation at the table and ask for changes, including the resignation of top leadership and structural changes. Ultimately, Wells Fargo needs to be broken up and sold, so expect discussions around that idea. Ideally, Wells Fargo needs to sell the brokerage to JP Morgan, which could quickly add both stability and credibility to the brokers, who, for whatever reason, have shown disregard for their clients. The bank could remain as a standalone entity.
Bottom line. Unionizing is fine, but real change needs to occur, top to bottom, in a professional manner. 2024 should be the year of change at Wells Fargo.