#layoffs

https://www.nbcboston.com/boston-business-journal/mass-cancer-biotech-cuts-25-of-its-workforce/3787827/

How cooked am I for the upcoming LR?

Any word on SF overall reduction?

Filks,
Its finally happening- a big one this time.
Wait for the announcement, coming soon

End of Q3 we will see first round of layoffs impacting enterprise group, which will include some architects, CL's, squad leads.
There's too much chatter going on to ignore, these are no longer rumors but confirmed cuts.

Q1 2026 will have another round of layoffs with summer street location moved to WTC.
If Fido doesn't reduce Boston count by at least 550, there will not be enough space for individuals, even with alternate week schedule.

Intel says it will retreat from planned projects in Germany and Poland, end its assembly and test operations in Costa Rica, and finish 2025 with just around 75,000 “core employees” in total.

Intel employed 109,800 people at the end of 2024, of which 99,500 were “core employees,” so the company is pushing out around 24,000 people this year — shrinking Intel by roughly one-quarter.

https://www.theverge.com/news/713388/intel-q2-2025-leave-germany-poland-costa-rica

We've all seen the headlines where there's thousands of US headcount being laid off, and some teams in Israel being impacted. But I haven't heard much if there are big HC cuts in China, India, Vietnam, Eastern Europe, Costa Rica, or other lower cost countries/GEOs? Anyone know if the HC cuts are also taking place elsewhere? Or is this the old sleight of hand trick where they fire 5K US employees... but hire back 3K in Asia/Low Cost GEOs?

San Francisco and Sunnyvale, California

• Cruise, the autonomous vehicle company owned by GM, has laid off another 101 employees as it pulls back from robotaxi development. The affected workers span three Bay Area locations, including the headquarters. These layoffs follow earlier cuts of nearly 1,000 positions and come after a pedestrian incident and subsequent permit suspension. GM is shifting focus away from public robotaxi services to internal testing and integration of Cruise technologies with its broader driver-assistance systems.

Amazon offshoring and use of the corrupt H-1B/OPT visa program destroys U.S. jobs. Amazon is not alone in this scam. They are, however, one of the top abusers. And, as Amazon opens new locations across the U.S., taxpayers foot the bill in the form of TIFs (Tax Increment Financing agreements) and other subsidies.

Example data (H-1B jobs 2025): https://h1bdata.info/index.php?em=amazon+&year=2025

https://x.com/thejobchick/status/1942652414739505333

Amanda Goodall
@thejobchick
The chart (available in X posting) shows six roles at Amazon, all previously based in mid-to-high cost U.S. metros like Seattle, NYC, Phoenix, and Nashville.

Every one of them paid $145K–$165K in total comp. Today? These same functions are being filled in India, Costa Rica, and the Philippines… for as little as $28K to $40K.

The result? Cost savings of 71% to 78%. Per employee.

These aren’t theoretical roles. They’re pulled from:

Archived U.S. Amazon job listings

Live offshore postings on http://amazon.jobs

Verified salary data from http://Levels.fyi, Glassdoor, H1B/LCA filings

And internal comp benchmarks from Accenture and Cognizant vendor contracts

And here’s the twist: Many of these offshore hires are contractors, not full-time Amazon employees.

While digging into H-1B isn’t my thing, this should explain a bit more to those wondering why it is so hard to find a job. This isn’t new. But this is perhaps a snapshot explanation.

=================================================================
Follow the H-1B discussions on X. Read www.wnd.com/?s=Amanda+Bartolotta

https://www.wnd.com/2025/06/americas-hidden-subsidy-to-india/

View data here:
https://guestworkervisas.com
https://www.myvisajobs.com/emp/search.aspx

GM has temporarily halted production of its BrightDrop electric delivery van and plans to cut workers at its Ontario plant when it resumes scaled-back output, labor union Unifor said Friday.
The Detroit automaker confirmed it is making operational and employment adjustments to “balance inventory and align production schedules with current demand.” The company said it was committed to the future of BrightDrop and its CAMI plant in Ingersoll, Ontario, where production of the van and EV battery assembly would remain.
The decision from GM adds to worries in Canada about the wider ramifications from President Trump’s trade policy on its manufacturing sector and economy. The Trump administration last week imposed a 25% tariff on foreign-made cars, in a bid to persuade auto makers to move operations from countries such as Canada to the U.S.
Prime Minister Mark Carney said earlier in the day the tariff-fueled market turmoil of the past week has led to a “marked tightening” in financial conditions, and is weighing on Canada’s labor market. The economy shed about 33,000 jobs in March, the worst one-month performance in three years.
Last week, Stellantis NV said it would temporarily halt production at its minivan plant in Windsor, Ontario, for two weeks, a day after the White House’s tariff aimed at imported vehicles went into effect.
GM’s decision was due to weak demand for the EV van, and not related to the U.S. administration’s trade policy, according to a person briefed on the matter. Recent data from GM indicated the company sold 274 BrightDrop vans in the first quarter, a 7% increase from the same period a year-ago. Overall, sales of GM vehicles rose 16.7% in the first quarter.
Lana Payne, the president of Unifor, Canada’s largest private-sector union, said tariffs imposed on the country and Trump’s policies regarding EVs played a role in GM’s decision. The administration’s policies are “disrupting investment and freezing future order projections,” Payne said.
Unifor said GM will initiate temporary layoffs starting April 14, and workers will return in May for limited production. It said the company informed it production would then be halted until October, during which time GM plans retooling work to prepare for the 2026 model year of commercial EVs.
When production does resume, the plant will operate a single shift for the foreseeable future, which is expected to result in the indefinite layoff of almost 500 workers, Unifor said. The union represents more than 1,200 workers at CAMI, where BrightDrop production began in early 2023
Payne called on the company to do everything in its power to mitigate job losses, and for all levels of government to step up and support Canadian auto workers and Canadian-made products.

Source: https://www.wsj.com/business/autos/general-motors-to-suspend-production-lay-off-500-at-electric-vehicle-plant-in-ontario-066db9ba

Perhaps the rumour mill is working overtime. Nicolas Not So Squiet visiting EMEA. Escorted by the lead singer of The Undertones. Maybe it should be the Undertakers! Production is moving out of what is left of a decimated footprint in the UK. Another Tireman hire who can only see cost-cutting as the best route to business growth. As for Sharkey, well, what do you expect? Has not got the slightest clue about manufacturing, a puppet on the outpost, anticipating retirement any day soon. I just hope the Layoff compensation is decent and people get the best chance of finding something new.

Here you go:

• Currrent issues in Omnissa - @OP+1vWJc2s8
• Perpetual Omnissa Thread - @OP+1vV0hGhK
• More Omnissa Employees Want New Leadership - @OP+1vVq0Cn6
• Omnissas latest brain waves - @OP+1vSbxoJ1
• Telling the truth in Omnissa - @OP+1vSoyCGx
• More Omnissa clown world - @OP+1vOLVDVU
• Pasting over the cracks! - @OP+1vOGuLRe
• Party time in Omnissa for all senior management - @OP+1vOwrcLp
• Omnissa just sc--wed Costa Rica - @OP+1vCJjD3F

IDM 1.0 Product groups benefited from having access to lead nodes (ahead of what other companies could access), to the point that the fabs were run as a loss-leader, with max emphasis on output and yield over cost.

This led Finance to grind their teeth but no one cares about that.

It seems clear that external customers want Floundry to be a separate company from Products, because of the concern over IP sharing and wafer start conflicts.

But that leaves Product groups with low margins when they rely on lead nodes from TSMC. This is because they no longer have pricing power and that will only worsen over time as x86 is supplanted by ARM.

So Product groups NOW need Floundry to be a more cost effective supplier TSMC (and close to leading node). This was the point of IDM 2.0.

MJ tried to mumble something about this in a more positive light, but the reality seems clear enough.

What this likely means is deep cuts in Floundry spending, as that group gets real about the capacity needed for the pace of customer onboarding which is possible.

The pushout of Ohio and halting of other projects shows the effort is underway to rationalize capacity to demand.

Pat was pushing to do a full buildout, which only made sense if he was able to bring high volume customers onboard.
A smarter approach would have been to do no greenfield projects.
Just add a few mods and wait for customer growth to justify Ohio and Germany.
This is what appears to be the current plan (much to Pats deep chagrin)

Next is to slow down the ramp, and stop building speculative capacity.
The company has being driven into the ground by reckless expansion and it must stop.

So at the existing facilities, that means fewer tools, which means less headcount. Attrition may be sufficient.

It seems possible that a few HVM fabs could be spun off into an independent company, to satisfy external customer concerns.
Considering how few customers there are, that could just be at one site, like Ireland or something.

For Product groups, it is way past time to stop projects and groups that have no roadmap to profitability.
Because that x86 market share, it ain't coming back.

If Product groups need the combined margins then they will have to retain some fabs in the same company, and likely TD as well, in order for it to be funded.

So the big surprise of 2025 may be that the company is not particularly broken up, but that the fabs are broken up, in order to sustainably serve the needs of internal and external customers.

There is a long list of Aramco's failed investments over the years. Let's start with Chemicals: Sadara, Petro Rabigh, Rapid and there are more coming. Wall Street research suggests that Aramco will be lucky to get their money back from these over 20 - 30 years, and Rapid isn't even in Saudi Arabia and thus creates no jobs inside the Kingdom. And all of these pale in comparison to Jafurah unconventional gas. The government has given Aramco over $100 billion to build infrastructure for gas that has yet to arrive in meaningful quantities. Management's solution to all these bad decisions seems to be to squeeze employees and contractors. Oh, and borrow more money ... or as Aramco's CFO likes to say "optimize the capital structure". I think I can safely say that everyone outside of Senior management is disgusted. Its not just Expats, good Saudis with options don't seem to want anything to do with Aramco either.

Now that it's January anyone have any updates on layoffs in the software engineering org in El Segundo?

How empty will it be by end of 2025? The first wave people are due to leave in a few months...
How long can we milk this dead cow without relo to TX?

Will there be layoffs in January? If so, which areas will be subject to Cecere's Cleaver this time?

n/m

https://www.crainsdetroit.com/manufacturing/ev-battery-maker-samsung-sdi-lay-179-oakland-county

So Cargill let go of employees at the beginning of December (same as every other cargill employee affected by the layoffs) and we still haven't seen a single dollar to our name? Thank you for letting us spend the holidays without any money and stressing. Really putting people first huh? The teams are more worried about their christmas events than making the process smoother. Please don't think about working for Cargill Costa Rica, they are all talk and don't live up to their values.

The masterclass in corporate “leadership” continues. With layoffs and “voluntary” severances handled as covertly as a teenager sneaking out after curfew, it’s clear that transparency isn’t just optional—it’s utterly avoided. Our fearless CEO and their trusty DEI henchmen seem to be taking notes from United Healthcare’s “offshore everything” playbook, aiming for that golden 70-80% offshore mark. Nothing says “commitment to excellence” like replacing skilled workers with a race to the bottom for cheap labor.

And about the talent being recruited in Costa Rica and India—both conveniently owned by Kaiser. It’s like they saw the Titanic and thought, “What if we skip the iceberg entirely and just build the lifeboats as submarines?” The Oceangate metaphor feels almost generous.

Meanwhile, you can bet the execs’ paychecks remain untouched. Oh no, the sacred seven-figure bonuses and their job security must remain protected at all costs. Who cares if they have to toss the rank-and-file overboard like ballast in a sinking ship? After all, nothing screams “leadership” like setting your company on fire, blaming the wind, and then asking for a raise.

“ Goodyear Tire & Rubber Co. laid off 41 Akron-based employees last week, part of a continued restructuring that will cut more than 3,000 jobs across the company in the coming years.

The announcement comes on top of an earlier notice that Goodyear, which is based in Akron, plans in early 2025 to move 175 local jobs to Costa Rica and lay off employees here.”

https://signalakron.org/goodyear-cuts-41-akron-jobs-in-latest-round-of-layoffs/

Goodyear said it plans to move "175 roles supporting our Americas business and corporate functions to a new Goodyear location in Costa Rica."

https://www.beaconjournal.com/story/business/2024/07/19/goodyear-confirms-akron-layoffs-relocates-175-positions-to-costa-rica/74470630007/

Yesterday almost 200 people globally in Cargill Global IT (Now called DT&D Digital Technology & Data) were laid off. This included early career / first/second year employees as well. The goal is to replace them with DEI workers out of Atlanta or India/Costa Rica and by lowering the standards on job postings in order to obtain them.

They are more than 2 years into Jennifer Hartsock's tenure as CIO / CIDO and almost every conceivable metric has gotten significantly worse, as a once great place to work has done a complete 180. My guess is her and her leadership team may not be around for much longer.

They've been in training for over 6 months on just DMI's and they still don't get it. Senior manager and one of the supervisors headed to CR yesterday to further train. What a huge mistake to outsource to Costa Rica .

Same remote job that was once held by US worker is eliminated and now seen advertised as a remote opportunity in Costa Rica.

Discriminatory.

TU you reek.

Many full-time employees were laid off who worked in IT and other areas. Reddit comments state the the call center was decimated with replacements starting the next day. Corporate jobs ranging from SVP, Directors and down were eliminated. Corporate culture has changed for the worse since the arrival of GF. He is moving American full-time jobs to Costa RIca this summer just like he did at ExpressScripts. Plenty of contractors still there so there is no real value placed on employees. More lay-offs will likely come after their summer start-up in Costa Rica.

Legal office has been asked to timestamp the letters, sorry fellow colleagues, number is in the hundreds :(

I guess we just didn’t read between the lines in this January 2023 article about all the jobs headed down to Heredia CR. HR, Product, Analytics, Neustar, etc. I think Experian and Equifax are also in Heredia. Sounds like quite a CRA bash down there after these bureaus are done with us.

https://www.cinde.org/en/essential-news/transunion-establishes-costa-rica-global-capability-center-creating-100s-of-jobs-across-technology-disciplines

The Costa Rica site is getting axed.

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

This is for the haters, trolls and non believers. So, Read it and weep Trolls. Just the facts!!! The are outsourcing risk and compliance rolls! Lots if UGLY TRUTHS. Any other employee would have been fired. Keep driving this FAKE NARRATIVE of making progress.

Here is PROOF!?? Link to pdf:
https://pdfserver.amlaw.com/legalradar/pm-50684461_complaint.pdf

Below is a blip of what is contained in the filing.

“87. The March 2020 Congressional report also faulted the Board of Directors for allowing management to "repeatedly submit materially deficient plans in response to the Consent Orders." Report at p. 36. It noted that Wells Fargo submitted multiple deficient plans that required board review and with regards to plans required by the
OCC, board approval) in response to the 2016 Sales Practices Consent Orders. The Committee staffs investigation revealed that the CFPB and OCC repeatedly rejected the Bank's compliance and redress plans required under the 2016 Sales Practices Consent Orders as incomplete or otherwise deficient. The Report noted that Wells Fargo's Board was directly involved in the process and was specifically told what needed to be done to comply with the consent orders. 27

88. The Federal Reserve's staff even held one-on-one sessions with several of Wells Fargo's directors. 28 Still, the Board of Directors failed to ensure compliance with the consent decrees. For example, on April 3, 2018, Wells Fargo made its first submission of plans for board effectiveness and risk management under the 2018 Federal Reserve Consent Order. "Despite receiving consistent direction from Federal Reserve staff on what sufficiently detailed plans should include, Wells Fargo's first submission of plans for board effectiveness and risk management, made on April 3, 2018, fell woefully short of the Federal Reserve's expectations."29 In a May 7, 2018 response letter, Federal Reserve staff informed Wells Fargo that its submission was so "materially incomplete" that the plans, "cannot be evaluated by [Federal Reserve] staff.”

Brrr, BBrrrr….. oh wait, I think someone is Scharting their pants right now.

Everything posted here is public information.

#WFC
#SEC
#WELLSFARGO
#layoffs
#Banking
#2023
#Fargo
#WELLSFARGOBANK
#FINANCE
#DIVERSITY
#Technology
#Bank
#Assetcap
#Brokers
#Investing
#FACTS
#WELLSFARGOPROBLEMS
#BOD
#CEO
#HIRING
#ETHICS
#Risk
#DE&I
#Compliance
#News
#2023
#2024
#Shareholders
#stakeholders
#Awareness
#Banks

For those impacted by October layoffs. Tell’em why you mad! And details on layoff please.

Job Location:
YOE(years of experience):
LOB:
FTE/remote/contractor:
Rant(optional) (tell them why you mad!):

Don’t provide any information that could identify yourself please.

IGNORE ALL TROLLS THAT SAY A LAYOFF EVENT IS NOT HAPPENING. It is happening. Sorry to all those impacted.

NOTHING BUT THE FACTS!

#WFC
#WELLSFARGOBANK
#Banking
#Layoffs
#wellsfargo

https://ticourbano.com/2023/07/18/sysco-expande-su-centro-de-soporte-global-en-costa-rica-con-una-inversion-de-5-millones/

https://ticourbano.com/2023/07/18/sysco-expande-su-centro-de-soporte-global-en-costa-rica-con-una-inversion-de-5-millones/

///Layoffs will continue as they have been and pickup.///

///After falling victim to Charlie's unoriginal strategy of offshoring American jobs, and H1b. The reason stated was my role was offshored to India & Philippines.

It put alot into perspective for me. Especially since I was compliant on the RTO policy’s, and never received below a “Meets” rating. Thanks ya chumps for laying off a family man who plays by the rules, and wife just so you could hire 2-3 incompetent offshore individuals who now have access to lots and lots of data. Sounds risky to me. Enough of my son story. Here is some cold hard public facts!

If the BOD and silly overpaid senile captain really cared about the bank or had an actual vision for the this banks future sustainability, a plan would have been shared. IT HAS BEEN 4 years ya chump! Speak up shareholders / stakeholders! Be madd! The stock price stinks! It was higher even after the 2016 accounts scandal this jabroni of a CEO was brought in specifically to fix! You would think a simple question to our brainless CEO, such as “how far along have you come on your personal journey at the bank? Can you speak to what you have completed?” NOPE, HE CANNOT! How pathetic is it that the CEO cannot even gauge his own progress or share any accomplishments. I think we all know why right? Because he has none At all! This is no exaggeration.

He should be embarrassed. How do you spend four years at a bank and literally not be able to gauge your own progress or comment on any kind of milestone? We all know this Jonny wisenheimer CEO likes to toot his own ho-n but it seems he has no ho-n to 2, because he literally has nothing to gauge in terms of milestones or progress!

How are shareholders still taking it on the chin from these Jabronis. Just think about it. What has this guy been doing for the past four years to where he literally cannot speak to a % poiny of progress. How is this CEO, getting seven figure raises the same year that he publicly announces he will not be accepting a raise? Also, is getting rid of a property at a $60 million loss really a win for the company? I’m not sure if the majority shareholders have just gone as senile as the BOD and crazy captain and just don't realize the risks that are being taken to maintain a cr-ppy stock price.

So let’s talk about what we know. we know after four years there have been no successes or achievements in any of the areas that were the captains focus point in the first place. I don't think a company has a more toxic atmosphere than this place as well.

I'm really surprised that the shareholder support this guy when we could be doing so much better. Instead, the same old baby, booming playbook is brought out to reduce headcount and offshore. what happened to rebuilding our brand? We need to win back the trust of our customers and be allowed to grow. does anyone really think we are reducing the banks risk by offshore to countries that have extremely lax privacy laws. this is a recipe for disaster! It is extremely shortsighted, does not support the American economy and goes against everything being stated in the news by these Gibroni when they say “We are better when we are together”.

I don’t know how anyone can look at that statement any different other than a straight up lie! If this were true, and we were better together, why are thousands of jobs being offshore? Why can the CEO not even speak to any personal milestones or progress that he has made with the company?

The truth is, the only thing these Gibroni can speak to is continuing to incur multi billion dollar fines, continuing to tarnish the brand, and destroying our relationship with the state that we are headquartered in. Does anyone have the kahunas to speak up and take some action?

Everyone knows that a CEO who is brought in to fix something is typically around for five years. Any of you think this guy isn't going to take the money and run in my opinion , you are all fooling yourselves.

How about this company actually steps up and supports this country and our communities instead of using that baby booming playbook of offshore jobs to show short term progress in terms of efficiency and costs. Just don't forget, you are opening up yourself to a whole new world of risk, and the regulators have made it pretty clear that we are a habitual offender.

Any leader, with half a brain would have focused on the issues or tasks that they were hired to do in the first place. The board can only drive in narrative of having a successful CEO in place for so long. Anyone that can read between the lines can see that no progress is being made especially when the commander-in-chief of the company cannot even speak to one item or personal accomplishment at the firm he is proud of.

Shareholders, employees, and anyone else with an interest should speak up and let it be known that this is unacceptable. Maybe the senile old fogies that are running the bank really don't care about the sustainability because they don't have much time left on this earth. Seems to me like are, taking as much money as they can and will retire leaving the company exactly where it was, or actually even worse off than before.

Everything mentioned in this post is public information, and opinions. There is no reason for this post to be taken down for speaking THE TRUTH.

HEY CHARLES! GO GET YOUR EFFIN SHINEBOX! YOUR A JOKE! PUT’EM IN THE BATCHROOM! Just ask your employees. Or, are you still too scared to virtually address all the employees you are eventually putting out of work . Way to practice what you preach….. Not! YOU DO NOTHING RIGHT. Just take it look at all the legal fees and multibillion dollar fines on your watch. Mic drop.///
///
#WFCProblems
#WellsFargo
#WFC
#WFC2023
#WFCHASNOSTRATEGY
#Offshored
#Displacements
#Layoffs
/// /s
////