Thread regarding Wells Fargo & Co. layoffs

Wells Fargo of the 2020s - This is what will happen soon.

Parts of the company will begin being sold off before the next economic downturn. Wells Fargo is exemplifying an organization in the beginning stages of its death throes.

Unless you are senior executive management HR will begin their purge of all the old people in the coming months/next few years. If you look in the mirror in the morning and have gray hair or look old, your @ss is on the chopping block. Why would a company keep old people on the payroll?

Old people are expensive to keep employed, hard on the health insurance, and miss work due to all their physical ailments/surgeries/illnesses/family problems. Plus modern technology can replace 99% of most people's daily tasks.

Once the old people are gone their assignments/tasks will be consolidated with a handful of millenial "replacements" and 1099 contractors, before business units begin being sold off and senior executives pocket a few good years of bonuses before the entire business (what's left of it) implodes.

Sell your company stock now, exit as quickly as you can, and enjoy the watching the company swirling down the toilet.

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| 1912 views | | 4 replies (last May 31, 2019) | Reply
Post ID: @OP+ZjXHpoC

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Everyone angry. So many things to be angry about. I politely suggest that we direct our rage not at each other but at the policies that are constricting each of us. Workers old and young are valuable and at the same time AI and automation is changing our daily tasks.

WhT you can do -vote your own self interest, sounds easy but few do it. Engage in your communities to understand how others live. Older workers-go back to school and engage with youth. Younger workers set aside your grievances and listen to the old stories-they have value.

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Post ID: @1fki+ZjXHpoC

I'm willing to bet many of the unproductive people are that way because their workload has already been diverted off-shore to India and the US employees simply have not been laid off yet for numerous reasons.

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Post ID: @qfp+ZjXHpoC

Revenue was down ~5% last quarter. This company is a fraudulent turd with outdated processes & tens of thousands of unproductive people on its payroll.

The govt. will end this company before the executives do.

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Post ID: @ikq+ZjXHpoC

For the year ending 12/31/18, WFC had Net Income of $22.4 billion on Revenue of $84.7 billion -- that's a dying company?

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Post ID: @aey+ZjXHpoC

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