Is this true?
8 replies (most recent on top)
Count backwards 60 days from Jun 30. Close but not quite quite there yet. Though you’d want a buffer day or two.
Hahahhahaha who in the F are you toads who crawl out from under rocks? “Will there be layoffs????????”
No. Shart said we’re good. Go back to being tuned out and aloof. It’s a better look for you.
The fact that tomorrow is a Tuesday after payday along with it being 60 days prior to the end of the 2nd Quarter tells me that it "should" be a larger than usual layoff day. It would make sense at least from what we've witnessed in the past. Wells Fargo likes to have their savings documented in quarterly earnings and they could easily show a significant decrease in employee costs/overhead given those would be reflected on the current quarter release.
Or it's business as usual and we'll see the drip-drip layoffs. Who knows with this Sh!t-show of a company.
Instead of layoffs, why doesn’t Charlie take a haircut with that 30 million dollar compensation package of his? We need to save money, right? The buck stops in the C suite, right? Cutting staff, uprooting lives, and lifting and shifting the workloads of the displaced on to to already overworked “survivors” is a short term patch. There’s zero long term game plan other than running the clock out, getting paid, and leaving a pretty corpse.🤷🏻
Any firm that uses layoffs to boost profits is scraping bottom. Rather than using products and services to boost the bottom line, wells knows many prospective clients are steering clear because of their reputational issues. Instead of acknowledging the harm done to millions of consumers the firm is ignoring
The issues. That is a sad commentary on Charlie Scharfs value. Everything must be done to oust him legally before there is no firm left to merge or sell.
This is supposed to be the week that "relocation letters" go out to the first wave of impacted employees in CSBB. Will be interesting to see if that actually happens.
Tomorrow is Tuesday after payday.
As always, yes.