#inequality

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In spirit of using the site as intended, there will be the largest wave o layoffs this week 08/20/2024. Layoffs will be all week, not just Tuesday. C-Suite has a big leak in their ranks.

The REAL reason is to collect and aggregate everyone's IP Addresses in order to identify users by aggregating the data they already have on you. FACTS! Read the “Terms & Conditions”, and all 3rd parties terms & conditions. Those that are no longer an employee can still be tracked. Not just by using “The work number”.

Don’t forget, Schart is on the BOD of MS, who also owns linkdInnn. Don’t believe me they are doing this? Than you can’t handle the truth! They want to track those who took severance, and if they got another job. Let the trolls and downvotes begin. ONLY THE FACTS!

#WFC
#AbusingTheSystem
#Facts
#Layoffs
#offshoring
#TheStruggleIsReal
#Inequality
#BODLies
#FakeNarratives
#2024
#2025
#CEO
#C-Suite

The CEO and BOD Inconvenient Truth (6 Billion could have been saved)

So, it took me 5 minutes to lay out a simple, transparent, and long-term strategy that would have hypothetically saved $6+ billion since 2019-2024. This topic is what the privileged 1% refuse to talk about. Who wouldn’t want a transparent, effective, Cheap CEO that effectively mitigates risk, and provides a simple strategy(which is more than what is currently being communicated today). That’ll be $29 Million Dollar’s”

“Hypothetically, as a virtual CEO of Wells fargo, what are some of the things that you would do or done to save costs since 2019 based on doing a history trend analysis and “Trending Sentiment Analysis? Please provide a hypothetical answer.

AI CEO plan
“As a virtual CEO of Wells Fargo, hypothetically focusing on cost-saving strategies, I would consider implementing several measures:

  1. Enhance Digital Transformation: Accelerating the shift to digital banking can significantly reduce operational costs. This includes investing in AI and machine learning for customer service, operations, automating routine transactions, and enhancing online banking platforms. A focus on digital channels can reduce the need for physical branches, leading to savings in real estate and, non-customer facing roles are used to support across the business, reduce senior and unnecessary senior leadership which tend to lead to inflated personnel costs.
  2. Branch Network Optimization: Review the branch network and consider consolidating branches that are underperforming or in close proximity to each other. This strategy can streamline operations and focus resources on high-performing locations.
  3. Workforce Management: Implementing more flexible work arrangements, such as remote or hybrid work models, can reduce overhead costs. This could also involve a strategic review of staffing levels and roles, aligning them more closely with the bank’s operational needs.
  4. Invest and Up skill existing employees : Invest & up-skill all employees and senior leadership. Form strategic partnerships, especially in technology for all employees to utilize and increase their efficiency.
  5. Process Optimization: Streamlining internal processes through Lean management techniques or similar methodologies can increase efficiency and reduce costs. This includes simplifying workflows, eliminating redundant processes, and improving supply chain management.
  6. Risk Management Improvement: Strengthening risk management and compliance can prevent costly fines and legal issues, as seen in recent years. This involves investing in better compliance training, enhancing internal controls, and adopting predictive analytics for risk assessment.
  7. Sustainable Practices: Implementing energy-efficient practices in physical locations and investing in sustainable technologies can lead to long-term cost savings. This also includes reviewing and optimizing travel policies and operational practices for environmental and cost efficiency.
  8. Review and Renegotiate Vendor Contracts: Regularly reviewing contracts with third-party vendors and suppliers to ensure competitive pricing and terms can result in significant savings.

Each of these strategies should be carefully evaluated for its potential impact not only on costs but also on customer service quality, employee morale, regulatory compliance, and the bank’s long-term strategic goals.

Based on historical trend analysis with a focus on the past “Five Years” varies. Hypothetically, it would translate to over $126.7 million dollars in savings should the current CEO be replaced by an AI Virtual CEO being utilized for the company CEO role in 2019 beginning in 2019

Hypothetically, The most probable total net cost savings average $5.7 Billion dollars from 2019 through YTD. This analysis includes meeting and completing all existing regulatory orders by due dates and the roll-out of the “AI Virtual CEO. One of the most overlooked aspects of a AI Virtual CEO is the AI CEO becomes more knowledgeable and is proactive all the time. (last refresh on 01/18/2024).“

Time for the off-shorer to become the offshoree muahaha

#WFC
#WellsFargo
#AI
#WellsFargoAI
#Fargo
#CEO
#Inequality
#AutomateTheC-Suite
#WellsFargoBank
#TheTruthHurts

@1isi+1qvFITBk

So I guess what you are saying is the CEO, annddd BOD have been lying to shareholders AGAIN? Didn’t they already get in trouble for this and fined. You lie lie lie!
How does Shart’s sphincter smell ya brown nose. Are you here to stroke an inefficient CEO’s ego and spread disinformation. If the focus has changed then shareholders and regulators need to be informed and approved. If what you say is true LOL, there is a very large paper trail and recordings stating that his #1 primary focus is to bring “wells fargo’s risk and control environment into compliance”. Regulators would never approve anything you say until those problems are addressed. Don’t you have a blumpkin that you should be attending to?

Either way, THE SCHART IS INEFFICIENT, OVERPAID, AND HAS REPEATEDLY FAILED. If you think that success is equivalent to being fined multi-billion dollar fines then yiu nuat be the Shartman himself or some minion ATTEMPTING TO DRIVE SOME FALSE NARRATIVE THAT DEMONSTRATES THAT THE Schart, AND THE BOD HAVE BEEN LYING TO, SHAREHOLDERS, EMPLOYEES, AND AMERICA!

Aren’t they being sued by a convent of nuns who are also inventors and have accused the CEO of this exact scenario.

#WFC

#2023Q4

#2023

#Q4

#Banking

#America

#inequality

#fakenarrative

#2024

#Finance

#Tech

#Regulators

#Wallstreet

#WellsFargo

#WellsFargoShitShow

Wells Fargo Bank Decimates US Domestic Workforce by hiring 3 unqualified offshore Workers for every 1 skilled US Worker

Layoffs to the US workforce will continue until the December freeze goes into effect. Until then, More cuts will hit mortgage, CB, Auto, branches, corp risk, technology, and others in remote rolls and non-hub locations. They will also be hitting hub locations for individuals that are not compliant on the RTO policIES. The justification is to offshore for the cheap labor! This is the only way that C S knows how to cut costs. Pretty pathetic.

Now for the my rant of truth: if it’s TLDR, then don’t bother, I am only speaking the truth.

The current CEO is failing miserably. Meanwhile the Board of Directors continues to drive a false narrative that he is making progress and being a successful CEO while at the same time The company experiences, faulty systems, Multi billion dollar fines, and serious impacts to our customers due to all of these glitches that pop up on a monthly basis. it just goes to show how much the CEO actually understands repetitional risk.

The truth is the bank continues to be a habitual offender and meeting its regulatory obligations. CEO continues to cost the bank billions of dollars in fines and additional regulatory action. he is an overpaid CEO that cannot show any milestones or successes, or even how far along he is in whatever strategy he pitched to the board upon hiring him.

The Sharty CEO cannot maintain the stock price. in fact, it consistently is getting lower than when the bank came under extreme scrutiny and was outed for the false account scandal. Can someone tell me why this CEO continues to receive multi million dollar raises, unlimited access to the company jet for personal vacations, And insulate himself with his most recent hires of all his deadweight cronies.

The only way to turn this bank around is to find a CEO that actually understands both banking and technology. If Wells Fargo CEO was truly looking for this to be the year of efficiencies, he invest in the current employees, along with allowing everyone to use an AI assistant, such as Microsoft copilot. You would think that since he’s on the board of Microsoft, he would actually understand this. Unfortunately, he is a dinosaur and defaults to his 1980s playbook of offshore US domestic talent to hire three qualified offshore individuals. Any id--t could come up with this strategy.

If you really wanted to invest in our risk and controls he would be looking at technologies that not only automate these controls, but also allow the bank to be proactive in their risking control environment.

This will never happen under a dinosaur CEO. Let’s look at an example real quick. I’m no fan of musk, but if you look at Tesla and his other companies, there is a reason why he has become the richest man in the world coinciding with profitable companies. I understand his companies have had their ups and downs, but so has Wells Fargo.

The point I am trying to make is, without a younger CEO, Wells Fargo will never make any significant changes better their efficiencies. The CEOs, lack innovation, long-term strategies, and knowledge in what technology can do to assist workers do their jobs and be much more efficient. There is a reason why musk is the richest man in the world in such a short amount of time. I just named a few of those reasons.

It’s time to get rid of the senile dinosaurs and bring in some young, knowledgeable, and motivated employees

The only thing that our dinosaur CEO can say, is that he cut headcount by offshore US jobs and reduced costs by paying cheap labor. This reminds me of the barons back in the day who were building the railroad. They made sure to capitalize on cheap labor, regardless of equality or ethics.

If you look at their earnings, call, you can see that they’re big topic. Was they cut headcount which resulted in reduce expenditures. I’m glad they can pat themselves on the back.

If you look at the CEOs history, he has left every company with a bad taste in its mouth. Just ask the BNY melon folks about how he tried to implement a return to office policy. They gave so much pushback that he could not get it through and moved on.

This guy is deadweight! If the board is too senile to notice this, then they are deadweight too. It’s only a matter of time before this fragile house of cards comes crashing down. This is why the CEO has recently insulated himself with his cronies and has a golden parachute waiting when the time comes. Just take a peek at his offer letter on the SEC website. It is public information and you would probably be shocked. And for those who say that he is compensated based on compensation at similar banks. Well guess what, Wells Fargo is nothing like other banks! Can anyone name a bank that has been restricted to grow due to regulatory orders? The answer is no. Are there any other banks that have Paid as much and fines as Wells Fargo? The answer is no. This makes Wells Fargo nothing like any other of the banks. Don’t even try and compare it. I have still yet to see a milestone, or how far along our CEO is along on this smok and mirror journey.

The baby boomers are greediest generation, and history will judge them for that. They are nothing but ego maniacs, who refuse to step aside, and let young talent turn the bank around.

Offshore US jobs is not the answer. Capitalizing on both banking knowledge and utilizing technology will create efficiencies right out of the gate, and mitigates significant amounts of risk posed by offshore American jobs. These chumps should be ashamed of themselves.

If this was any other employee performing in this was they would have been fired years ago. It sure gonna be funny to watch when instability erupts in the regions are dinosaurs CEO decided to offshore American jobs to.

Biggest proof that our CEO is completely completely out of touch is the fact that he just spent a half billion dollars on space at HY. What kind of mo--n buys commercial real estate right before the bubbles going to burst? This was a terrible investment and could’ve been purchased at half the cost come 2024. he just needs a place for all his recent NYC hires that he has insulated himself with.

All of this is public knowledge and public information. If this is too long to read my bad. At least I’m providing the inconvenient truth. What a terrible CEO Who? is too old to even come up with a long-term strategy, and make sure that he can capitalize on his short term plan a.k.a. when is five years is up. Take a peek at his offer letter and you’ll understand what I mean.

#WFC
#WELLSFARGO
#WELLSFARGO2023
#CEO
#INEQUALITY
#News
#Banking
#Layoffs
#CEOCULT
#Yuppies
#Babyboomers
#Thinktanks
#Jobs
#Finance
#WFC2023
#WellsFargo2023

What is this mythological “Area Differential Pay”? And why do cities (Hubs) south of NYC Get Shafted?

Layoffs on 8/8, 8/15, and 8/22..

Now for my rant! What is this mythological “Area Differential Pay”? And why do cities south of NYC Get Shafted?

Is the policy just a myth aka phased out? The latest economic data for over 3+ years shows how the cost of living has increased significantly (10%-25% since 2019/2020 Most employees who are in the “HUB City's” are far far overdue!

The details are in the data. No wonder they are outsourcing HR. Area differentials should have been updated….. Oh why, oh why do we allow these candy b-ms to use us troops as cannon fodder.

We have lots of power in numbers. Why is everyone allowing this nonsense? Maybe someone should take a look at the policy on this. Everyone is getting hosed. There is no reason why a Hub city should be paying 4 or even a 3 in area differential pay to employees. Hubs city’s should be no less than a “2”!

Meanwhile the Ivory Tower yokels enjoy their “0” area differential (highest paying rating). The risks senior leaders are creating is nutts! No wonder Charles has insulated himself with 90 new executive roles. Seems like he is getting ready for the large amount of info that is going to come to light.

“The path to the righteous man” is not working for charles in charge! He has you insulators primed and ready to be thrown under the bus that Charles is driving.

Inequality at it’s finest!
#WellsFargo
#Inequality
#WellsFargoProblems
#WFC
#WellsFargoBank

*WELLS FARGO* WFC Shareholders should be furious!* *Awful CEO* #WFCProblems

Shareholders should be so PO’d that the company ia doing so poorly. The BOD keeps portraying a successful CEO, yet an asset cap remains in place 5 years later(Meaning we cant grow!) and we continue to incur multi-billion dollar fines and embarrassing lawsuits. Yet they increase the captains base salary by a few million(when he publicly stated he would not accept a raise this year).

Shareholders should seriously call a vote of no confidence (IMO). This so called “multi-year effort” is a sham! guess what senile BOD, it has been almost 5 years since your golden boy was hired! What has been achieved? And by achieved, I mean when has the bank correctly remediated an order without paying billions in fines.

I am sorry to those who lost there jobs. You troops know the truth. Fact is, we keep losing real talent, and important mentors due to the current practices and toxicness caused by this CEO. Who just hired a bunch of people so he can insulate himself in my opinion.

Someone Fire this guy. The company is being run in a short sighted manner. BOD, DO YOUR JOBS! The stagecoach is out of control and the captain clearly cant save it. He has had hod histime, and plenty of compensation to fix the issues. The asset cap should have been lifted by now if this guy was delivering. He is not!

He is Mr. Shortsighted. Wells Fargo’s captain (CEO) reminds me of the id--t cruise ship captain who brought the cruise ship to close to the coast for a closer look. Well guess what, he crashed so badly, herolled the ship over. Then he was already in the lifeboat before the “abandon ship order was given”. Took years to cleanup the mess. Wells guess what, Wells Fargo is “already at the coast people”. The short sightedness by Wells Fargo’s are resulting in the same due to incompetence. Demand action, and pull back before it is too late!

#WFC
#WELLSFARGO
#WELLSFARGOBANK
#THEFACTS
#WFPROBLEMS
#RICHGETRICHER
#DOTHERIGHTTHING
#INEQUALITY
#WFCSHAM

**BOD DO YOUR JOB! WE ALL KNOW**INEQUALITY**

Hey Folks, Sooo Wells fargo is fueling the FRTO effort on this site. the captains and stooges are actively posting “FRTO” on this site to move the main page feed down, and promote a toxic work environment(in my opinion)

Just look at the trend here. Anytime the BOD or CEO, Unions, and Regultaors are mentioned, and tied to actual facts (made public) the FRTO posts go HAM to push that topic off the site feeds first page, and search engines. Just check for yourselves, you will notice a trend. Plot the dates, and you’ll really notice it. And think logically, why would all the employees make so many FRTO posts. SECRETS REVEALED ya Jabroni’s!! Sorry ya chumps. We know our executive like so many duplicative processes aka posts, but now your secret is out!

We all know that you are projecting an image of our CEO of being successful in creating positive change. However, the opposite is true. The multiyear effort to fix the risk and controls environment is a sham. It has been five years already! Why hasn’t the asset cap been lifted? Didn’t you hire a CEO specifically to address the problems? Now we’re find another billion dollars. Then you increase the CEOs salary by a few million when he publicly states that he would not be excepting a raise this year! You’re failing, and you are all frauds in my opinion. The shareholders should be PO’d.

If this was any other employee, or even an executive, they would have been FIRED 2 years ago. Yet, you keep continuing to reward billion dollar fines with million dollar salary, increases to our crazy captain. That dinosaur is only outsourcing or offshore in jobs, how are you project an image of his success, while he just steers the company into failure. What a joke! The troops know all your secrets. And that’s the factd!

See everyone at the super top secret union meeting tonight!

#WellsFargoProblems
#WFProblems
#WFC
#Layoffs
#WFBullys
#INEQUALITY

Wells fargo is fueling the FRTO effort. They are actively posting on this site to move the main page feed down.

Just look at the trend here. Anytime the BOD or CEO are mentioned, and tied to actual facts (made public) the FRTO post go HAM. Just check for yourselves. And think, why would all the employees make so many FRTO posts. SECRETS REVEALED ya Jabroni’s.! Only these chumps would have so many duplicative processes aka posts.

See everyone at the super too secret union meeting tonight all.

#WFC
#WFProblems
#WELLSFARG
#INEQUALITY
#TheFactsOnly

Townhall was a complete waste of time

Wow, what a complete waste of time and zero information provided. Does this guy even know how to rally the troops? I have never seen morale so low at a company in my life, and be able to attribute it directly to the CEO.

I also find it hilarious that this man lacks complete accountability after being in his role since 2019. Sorry bud, you stop inheriting things once you’ve been in a row for three years at the most! This guy needs to STOP BLAMING the banks problems on past leaders and hold YOURSELF ACCOUNTABLE. Or, at least the operating committee or Board of Directors should.

Obviously, it is in the Board of Directors interest to make the CEO out as being successful. However, the reality is chainsaw has done NOTHING but continue to receive billions in fines from regulators and lawsuits due to the CEO’s bias. This has coincided with the constant offshoring job’s, and ruining morale in purpose. HE IS AN ARROGANT, INEFFECTIVE LEADER And should be shown the door. I am not sure how the shareholders don’t feel the same.

The facts:
Isn’t it pathetic that the CEOs before chainsaw had the company at a higher stock prices $50+ a share when chainsaw took over and now we are lucky if we have her around the high $30s to low 40s of share. I am pretty sure if ANy of the employees had these kind of results or lack there of they would have been canned two years ago.

The fact is we have a bias, dinosaur CEO with short sighted initiatives, and lack of knowledge. It’s funny how he does not mention his BNY Mellon days where essentially his return to office strategy failed. He didn’t last long there (public knowledge).

Still, the Board of Directors approves chainsaws, multi million dollar raise again this year, even though he publicly stated that HE WOULD NOT be accepting a raise this year, yet he got the seven-figure increase in base salary. If his excuse was to have his pay more in-line with similar banks, Guess what…. WF is nothing like other banks….. at the moment. As I recall, not one bank, is operating under an asset cap, and restricted to grow except WF. I also found it funny how he tried to make it sound like it cost the bank money to bail out first republic. I don’t know the specifics, but I guarantee you it is a great investment in the long run, and the bank will make money off of it.

It is funny how everything is portrayed as we’re making progress and everything is going well. I think the employees call total BS on it and would rather spend time doing something more efficient than hearing this guy on a Townhall just to hear himself talk with a brow-nose by his side.

What a joke. If we are really making progress, how about they start showing it in a presentation mapping it out for the employees to see. Or would that be too difficult for an individual who makes 8 figures to put together a presentation. Maybe it’s just the fact that no progress has been made whatsoever so there’s nothing to actually show.

Yes, layoffs will continue through 2023 because the only tool in this dinosaurs toolbox is to cut headcount/offshore. I’m sure it also adds to the fudged diversity and inclusion number by offshoring.

And don’t let this guy try and compare himself to any employee. He talks about going to the office and collaborating blah blah. The truth is chainsaw is driven to work by a luxury car, and driver paid for on the companies dime. So when you guys are sitting in traffic on your hour, long commute, he is sitting in the back of his Rolls-Royce drinking Mojito’s listening to one hit wonders like Lala Bamba. Meanwhile you’re you’re stuck in traffic putting where in tear on your own vehicle rushing to pick up your kids or whatever. My point is, there couldn’t be a bigger hypocrite. Either he is clueless of what his actions are, causing, or, most likely just doesn’t care. As soon as he shares vest and he’s fulfilled his offer letter he’s gonna bolt. You’ll see! Take a look at his offer letter on the SEC website if you don’t believe me. Just another day on the out of control stage coach.
“ I always tell the truth, even when I lie.”

/// “The grass is greener on the other side. Either get out or unionize. Everything in this post is publicly available information, and there is no reason for it to be taken down”.

#WELLSFARGOPROBLEMS
#WHATAJOKE
#WFC
#WFCPROBLEMS
#INEQUALITY
#WF
////
#LAYOFFS

This is too good for replies. Bumped from @usj+1mxOGnqb.

Wow, what a complete waste of time and zero information provided. Does this guy even know how to rally the troops? I have never seen morale so low at a company in my life, and be able to attribute it directly to the CEO.

I also find it hilarious that this man lacks complete accountability after being in his role since 2019. Sorry bud, you stop inheriting things once you’ve been in a row for three years at the most! This guy needs to STOP BLAMING the banks problems on past leaders and hold YOURSELF ACCOUNTABLE. Or, at least the operating committee or Board of Directors should.

Obviously, it is in the Board of Directors interest to make the CEO out as being successful. However, the reality is chainsaw has done NOTHING but continue to receive billions in fines from regulators and lawsuits due to the CEO’s bias. This has coincided with the constant offshoring job’s, and ruining morale in purpose. HE IS AN ARROGANT, INEFFECTIVE LEADER And should be shown the door. I am not sure how the shareholders don’t feel the same.

The facts:
Isn’t it pathetic that the CEOs before chainsaw had the company at a higher stock prices $50+ a share when chainsaw took over and now we are lucky if we have her around the high $30s to low 40s of share. I am pretty sure if ANy of the employees had these kind of results or lack there of they would have been canned two years ago.

The fact is we have a bias, dinosaur CEO with short sighted initiatives, and lack of knowledge. It’s funny how he does not mention his BNY Mellon days where essentially his return to office strategy failed. He didn’t last long there (public knowledge).

Still, the Board of Directors approves chainsaws, multi million dollar raise again this year, even though he publicly stated that HE WOULD NOT be accepting a raise this year, yet he got the seven-figure increase in base salary. If his excuse was to have his pay more in-line with similar banks, Guess what…. WF is nothing like other banks….. at the moment. As I recall, not one bank, is operating under an asset cap, and restricted to grow except WF. I also found it funny how he tried to make it sound like it cost the bank money to bail out first republic. I don’t know the specifics, but I guarantee you it is a great investment in the long run, and the bank will make money off of it.

It is funny how everything is portrayed as we’re making progress and everything is going well. I think the employees call total BS on it and would rather spend time doing something more efficient than hearing this guy on a Townhall just to hear himself talk with a brow-nose by his side.

What a joke. If we are really making progress, how about they start showing it in a presentation mapping it out for the employees to see. Or would that be too difficult for an individual who makes 8 figures to put together a presentation. Maybe it’s just the fact that no progress has been made whatsoever so there’s nothing to actually show.

Yes, layoffs will continue through 2023 because the only tool in this dinosaurs toolbox is to cut headcount/offshore. I’m sure it also adds to the fudged diversity and inclusion number by offshoring.

And don’t let this guy try and compare himself to any employee. He talks about going to the office and collaborating blah blah. The truth is chainsaw is driven to work by a luxury car, and driver paid for on the companies dime. So when you guys are sitting in traffic on your hour, long commute, he is sitting in the back of his Rolls-Royce drinking Mojito’s listening to one hit wonders like Lala Bamba. Meanwhile you’re you’re stuck in traffic putting where in tear on your own vehicle rushing to pick up your kids or whatever. My point is, there couldn’t be a bigger hypocrite. Either he is clueless of what his actions are, causing, or, most likely just doesn’t care. As soon as he shares vest and he’s fulfilled his offer letter he’s gonna bolt. You’ll see! Take a look at his offer letter on the SEC website if you don’t believe me. Just another day on the out of control stage coach.
“ I always tell the truth, even when I lie.”

/// “The grass is greener on the other side. Either get out or unionize. Everything in this post is publicly available information, and there is no reason for it to be taken down”.

#WELLSFARGOPROBLEMS
#WHATAJOKE
#WFC
#WFCPROBLEMS
#INEQUALITY
#WF
////
#LAYOFFS

@jnr+1m76vzCW

ROFLBO! So are you actually justifying this expenditure? You are LYING! What is the justification for this so called “security reason”? For a company that is looking to cut costs, I see no justification whatsoever! JUST STRAIGHT UP INEQUALITY.

So: lets say If an employee is suffering domestic abuse at home or threats, is that employee offered “The Firms” private jet? ABSOLUTELY NOT!

You are another fine example of exactly one of many problems. I think you should also read it again ya spoiled boomer. “The Firms BOD approved the jet for personal use” HARD STOP. You have no argument whatsoever, or a clue!

How about Wells Fargo aka The Firm sells the JET, has a CEO work from the companies ACTUAL headquarters? Oh wait, that makes to much sense. This BOD sure picked an inefficient shortsighted, senile dinosaur with zero vision or real results to this day. He has created issues. Step aside blue hairs! It is time to bring in younger talent with new, efficient tools in the toolbox.

Instead the BOD presents a fake narrative with 7 figure raises, private jets, private car, private driver, private security, and the list goes on. Oh yea, and multi-million dollar bonuses and stock. I HONESTLY can’t even remember the last tine I traveled for the company, and this guy has access to all this. Great job on reducing expenses ya old fogies!

This, and many, many other similar things just peel back the curtain a tiny bit on the blatant inequality, salary/pay loopholes coinciding with current mid-level employees/managers who receive unbelievably low salary, benefits, and never receiving an impactful raise or full bonus.

It was not always common to have CEO’s make 300x more than their average employee. It was the greedy, baby bloomin b-ms that created this pay inequality. Nothing but greed and recycled ideas. The captain is legit sinking the entire ship while more senile blue hairs portrays WF’s captain as being efficient. He failed at mellon trying to use these same tactics.

#INEQUALITY
#TRUTH
#PAYGAP
#WFPROBLEMS
#THE99PERCENT
#WFC
#2023
#ONLYTHEFACTS
#EQUITYANDINCLUSION
#PAYINEQUALITY
#

PRIVATE JETTING FOR PERSONAL USE - SAME UNRESOLVED LEGACY PROBLEM EXIST

I find it ridiculous that the captain is quietly laying off thousands of employees, while at the same time getting a raise that he said he would be declining.

HERE’S A THOUGHT ON COST CUTTING! HOW ABOUT STARTING AT REMOVING THE CEO FROM BEING ALLOWED TO USE THE COMPANY’S JET FOR PERSONAL Use I believe the CEO was allotted 250 K per yesr (which HE EXCEEDED this allotted amount / THE amount ALLOTTED ). he exceeded that, hence took the company’s private jet for getaways

Any other employee would have been fired, but apparently this is acceptable in the BOD’s eyes. They are clearly teeing the captain up as a position of success, even though he is failing miserably. Everything he was brought on to fix is still broken. This guy has had years to resolve these problems and a pandemic to strategize. There should be no legacy issues at this point yet they are still remain.

Obviously, it is in the BOD interest to portray the CEO as being efficient because they keep approving the seven figure raises.

Our BOD and most senior leader ship should step aside and promote individuals that would be more effective and have a more modern strategy. They also wouldn’t let legacy issues remain for years. I think if any employee had issues that were outstanding for years would not be rewarded with seven figure raises. And this is just the tip of the iceberg.

#WFProblem
#Inequality
#Boxcheckers
#StepAsideOldies
#DoAsISayNotAsIDo

@OP+1m6Mxmv8

You are the perfect example of a bias individual with ineffective strategies. You are clueless, and default to the oldest ineffective way to cut costs(reduce headcount).

HERE’S A THOUGHT ON COST CUTTING! HOW ABOUT STARTING AT REMOVING THE CEO FROM BEING ALLOWED TO USE THE COMPANY’S JET FOR PERSONAL Use I believe the CEO was allotted 250 K per yesr (which HE EXCEEDED this allotted amount / THE amount ALLOTTED ). he exceeded that, hence took the company’s private jet for getaways

Only an individual with a self interest would be backing up the CEO who has not resolved any of the regulatory matters he was brought on to do.

Now 5 years later the chief has single handedly created more “brand/reputational risks” for the bank and has received multiple 7 figure raises! HE EVEN PUBLICLY STATED HE WON’T BE TAKING A RAISE THIS YEAR, YET IS NOW GETTING A $2.5+ MILLION DOLLAR RAISE! You are a senile greedy dweeb!

Attitude is reflected by leadership. leadership going and looking to layoff/fire the employees who are in the trenches each day doing the work on outdated technology, constant org changes, and inefficient controls resulting in billions in fines. But yea, give the leader a 7 figure raise, and fire the troops who have the talent, drive, and knowledge of the business.

Go get your effin shine box ya chump! The man who is driving the ship has had more than enough time to change the bank around. 5 years later, the bank is doing worse! You have gone senile, and literally know nothing. You also have no sustainable strategy. If you had any knowledge, you would have recommended the various ways to track metrics and productivity.

Step aside grandpa! New generations have entered the workforce, and the innovation has begun. The day’s of company leaders receiving word document templates for reporting are coning to an end.

#WellsFargoProblems
#INEQUALITY
#WFLROBLEMS
#DOASISAYNOTASIDO
#GREEDYBOOMERS

Offshoring and ongoing Layoffs Facts and Salaries

Layoff’s to continue through end of June.

Why do we even bother to offshore anymore? Based on all the recent hiring of offshore individuals that continue, I would suspect that layoffs will coincide with this. I am not sure where the cost savings comes in except for the unfortunate individuals who will not receive severance because of We-ponized RTO, or some other baby bloomin politics.

It is pathetic how shortsighted our leaders are! These Jabronis are literally hiring people that barely speak English, from a country that doesn’t have any privacy laws and paying these offshore hires six figures.

There is no such thing as being a loyal anymore. I’m sure the captain is navigating this ship so he could lay off or fire people that are entitled to a severance. This way he can get his seven figure raise based on shortsighted cost savings initiatives. If anyone bothered to do a drill down on the data you would see that off shoring would/does create a big risk to the company.

I think it’s safe to say that the company is on a multi year, effort, to increase it’s risk, find ways to get around adding the necessary controls, and probably apply for extensions until the captain jumps ship.

So keep this in mind when you think about being loyal to your employer, or why they make absurd office policies that make no sense except to drive attrition, and lose talent across the company.

Stop letting these bank leaders scare you about this so-called recession nonsense. Take care of YOURSELF and only worry about you!! If you do that, You will now be in line with the company’s leadership motives/mindset.

FACT IS! The grass is much much greener on the other side. There are plenty of jobs out there in this industry. They also pay much better than this company. It took me a few years to figure this out, however leaving for a competitor last year is the best thing I did for my mind, body, and my wallet!

If you don’t believe me, see for yourself how much WF is paying these offshore candybums! Everything posted/said is public information.

#WELLSFARGOPROBLEMS
#THETRUTHHURTS
#INEQUALITY

LCA Case Number H1B Job Title Location (city,state) Base Salary Start Date Prevailing Wage Level Status
I-200-22356-657305 Senior Software Engineer Charlotte, NC $106,561 21-Jun-2023 N/A Certified
I-200-22356-657120 Senior Software Engineer Charlotte, NC $106,561 14-Jun-2023 N/A Certified
I-200-22356-656968 Lead Software Engineer Charlotte, NC $139,027 14-Jun-2023 Level IV Certified
I-200-22356-656899 Lead Analytics Consultant Fremont, CA $110,972 14-Jun-2023 N/A Certified
I-200-22354-651568 Senior Software Engineer Concord, CA $132,260 14-Jun-2023 N/A Certified
I-200-22356-658117 Senior Software Engineer Charlotte, NC $106,561 07-Jun-2023 N/A Certified
I-200-22356-657244 Lead Software Engineer Charlotte, NC $139,027 07-Jun-2023 Level IV Certified
I-200-22356-657214 Senior Software Engineer Charlotte, NC $106,561 07-Jun-2023 N/A Certified
I-200-22356-656997 Lead Software Engineer Charlotte, NC $139,027 07-Jun-2023 Level IV Certified
I-200-22343-632019 Lead Software Engineer Des Moines, IA $113,651 27-May-2023 Level IV Certified
I-200-22332-607712 Software Engineering Manager Charlotte, NC $134,433 22-May-2023 N/A Certified
I-200-22314-579086 Senior Software Engineer Saint Louis, MO $122,970 10-May-2023 Level IV Certified
I-200-22311-573766 Senior Quantitative Analytics Spec… San Francisco, CA $133,300 08-May-2023 Level I Certified
I-200-22308-569958 Information Security Engineer Charlotte, NC $104,770 04-May-2023 Level II Certified
I-200-22308-569936 Senior Software Engineer Charlotte, NC $106,561 04-May-2023 N/A Certified
I-200-22308-569897 Lead Software Engineer Charlotte, NC $139,027 04-May-2023 Level IV Certified
I-200-22308-570022 Lead Software Engineer San Francisco, CA $183,310 03-May-2023 Level IV Certified
I-200-22307-566745 Lead Software Engineer Charlotte, NC $111,100 02-May-2023 N/A Certified
I-200-22306-564647 Senior Data Engineer Concord, CA $132,260 02-May-2023 N/A Certified
I-200-22305-562614 Senior Software Engineer Chandler, AZ $136,552 01-May-2023 Level IV Certified
I-200-22308-568798 Senior Quantitative Analytics Spec… Fremont, CA $134,118 30-Apr-2023 Level I Certified
I-200-22307-566805 Senior Software Engineer Charlotte, NC $106,561 28-Apr-2023 N/A Certified
I-200-22304-560115 Lead Software Engineer San Francisco, CA $133,300 28-Apr-2023 N/A Certified
I-200-22304-559460 Principal Engineer San Francisco, CA $183,310 28-Apr-2023 Level IV Certified
I-200-22356-657315 Senior Software Engineer Minneapolis, MN $105,500 14-Apr-2023 N/A Certified
I-200-22327-603344 Senior Software Engineer San Leandro, CA $160,026 12-Apr-2023 N/A Certified
I-200-22286-528061 Lead Software Engineer Charlotte, NC $120,004 10-Apr-2023 N/A Certified
I-200-22283-520948 Lead Data Engineer Fremont, CA $130,000 07-Apr-2023 N/A Certified
I-200-22283-520963 Senior Software Engineer Charlotte, NC $120,004 06-Apr-2023 N/A Certified
I-200-22283-520995 Lead Software Engineer San Francisco, CA $133,300 05-Apr-2023 N/A Certified
I-200-22283-520350 Senior Institutional Investment Op… Charlotte, NC $78,395 05-Apr-2023 Level II Certified
I-200-22279-516076 Quantitative Analytics Associate San Francisco, CA $126,277 04-Apr-2023 Level II Certified
I-200-22279-516073 Lead Software Engineer Charlotte, NC $139,027 04-Apr-2023 Level IV Certified
I-200-22277-509395 Senior Software Engineer San Leandro, CA $149,822 03-Apr-2023 N/A Denied
I-200-22356-657223 Senior Software Engineer St Louis, MO $122,970 01-Apr-2023 Level IV Certified
I-200-22276-507090 Lead Quantitative Analytics Specia… Charlotte, NC $120,400 30-Mar-2023 Level IV Certified
I-200-22273-504677 Senior Lead Analytics Consultant Minneapolis, MN $123,386 28-Mar-2023 Level IV Certified
I-200-22273-504492 Senior Data Engineer Minneapolis, MN $130,998 28-Mar-2023 Level IV Certified
I-200-22272-501503 Quantitative Analytics Specialist Charlotte, NC $134,784 28-Mar-2023 Level IV Certified
I-200-22271-498863 Senior Infrastructure Engineer Chandler, AZ $112,031 27-Mar-2023 N/A Certified
I-200-22270-497611 Senior Specialty Software Engineer Charlotte, NC $139,027 27-Mar-2023 Level IV Certified
I-200-22270-497582 Lead Software Engineer Irving, TX $111,100 27-Mar-2023 N/A Certified
I-200-22283-519741 Senior Software Engineer Charlotte, NC $109,746 24-Mar-2023 N/A Certified
I-200-22278-512423 Senior Infrastructure Engineer Charlotte, NC $111,713 24-Mar-2023 N/A Certified
I-200-22276-507310 Senior Software Engineer Charlotte, NC $109,746 24-Mar-2023 N/A Denied
I-200-22273-503006 Senior Software Engineer Charlotte, NC $109,746 24-Mar-2023 N/A Certified
I-200-22272-502949 Lead Data Management Analyst Charlotte, NC $118,539 24-Mar-2023 Level IV Certified
I-200-22272-502721 Lead Software Engineer San Francisco, CA $133,300 24-Mar-2023 N/A Certified
I-200-22272-502637 Lead Software Engineer Glen Allen, VA $130,915 24-Mar-2023 Level IV Certified
I-200-22270-497195 Lead Software Engineer Charlotte, NC $139,027 24-Mar-2023 Level IV Certified
I-200-22269-494290 Senior Software Engineer San Francisco, CA $123,612 24-Mar-2023 N/A Certified
I-200-22279-516060 Lead Technology Business Systems C… Charlotte, NC $120,702 17-Mar-2023 Level IV Certified
I-200-22269-494289 Senior Software Engineer Charlotte, NC $109,746 08-Mar-2023 N/A Certified
I-200-22271-499002 Senior Software Engineer Charlotte, NC $109,746 06-Mar-2023 N/A Certified
I-200-22308-569754 Senior Software Engineer San Leandro, CA $116,891 02-Mar-2023 N/A Certified
I-200-22301-557432 Software Engineering Associate Man… Charlotte, NC $117,582 20-Feb-2023 Level IV Certified
I-200-22279-516066 Senior Software Engineer Summit, NJ $157,477 07-Feb-2023 Level IV Certified
I-200-22356-655935 Senior Software Engineer Irving, TX $117,972 03-Jan-2023 N/A Certified
I-200-22356-657236 Lead Software Engineer Minneapolis, MN $130,998 02-Jan-2023 Level IV Certified
I-200-22356-656923 Credit Risk Senior Manager Charlotte, NC $151,445 01-Jan-2023 Level IV Certified
I-200-22354-651600 Lead Data Engineer New York, NY $157,477 28-Dec-2022 Level IV Certified
I-200-22349-643756 Senior Software Engineer Charlotte, NC $139,027 26-Dec-2022 Level IV Certified
I-200-22347-637866 Lead Software Engineer Concord, CA $183,310 25-Dec-2022 Level IV Certified
I-200-22347-637214 Lead Software Engineer Salt Lake City, UT $132,184 21-Dec-2022 Level IV Certified
I-200-22343-632515 Senior Software Engineer Charlotte, NC $106,561 18-Dec-2022 N/A Certified
I-200-22340-623983 Lead Software Engineer Charlotte, NC $139,027 15-Dec-2022 Level IV Certified
I-200-22339-622292 Lead Software Engineer Pittsburgh, PA $139,027 14-Dec-2022 Level IV Certified
I-200-22335-616079 Senior Software Engineer Charlotte, NC $106,561 14-Dec-2022 N/A Certified
I-200-22336-618566 Lead Software Engineer Charlotte, NC $157,477 13-Dec-2022 Level IV Certified
I-200-22335-615076 Senior Software Engineer Charlotte, NC $106,561 13-Dec-2022 N/A Certified
I-200-22334-612338 Senior Software Engineer Charlotte, NC $139,027 12-Dec-2022 Level IV Certified
I-200-22334-611127 Senior Software Engineer Charlotte, NC $139,027 12-Dec-2022 Level IV Certified
I-200-22336-616464 Software Engineer Minneapolis, MN $119,057 11-Dec-2022 N/A Certified
I-200-22334-612748 Senior Software Engineer Charlotte, NC $106,561 11-Dec-2022 N/A Certified

DATASOURCE:
https://h1bgrader.com/h1b-sponsors/wells-fargo-bank-na-510jeye2vo/lca/2023

Ironic that DW earns >$20 million with a Master's degree, but senior techs after grad school max out at <$100K? No CPI acknowledgment, no career prospects. #inequality