Charlie keeps trimming out the lower level folks who actually keep everything running. The people doing the real work are the first to go while the higher tiers stay untouched. Every restructure makes the front line weaker and more stressed. It is hard to watch the backbone of the place get chipped away like it is nothing.
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@a3 I couldn’t agree ever more. Fired a month now and working on two strong opportunities quickly with much more well thought of firms, I can already see that the outside world doesn’t really consider Wells Fargo. It’s a joke now sadly given how Charlie and his nincompoop’s ruined it. It should be broken up and sold. It’s truly just full of rot and maggots, it’s not a serious institution and the client is thought of dead last.
The higher tiers believe it is their brains and talents running the whole business. To them the rest can be replaced with some python scripts and offshore. Now they are hoping AI will also replace offshore.
Is this another breaking news event that's 4 years late?
That is his plan.
Charlie will not be happy until WF's operational model looks like a palm tree, full at the top with only enough support below it to keep it from falling over in normal headwinds.
Charlie and ha former JPM cohorts have no talent. The firm wrecked so many lives and continues to do so with layoffs . I cannot fathom an ethical advisor joining the firm and knowing the dishonesty and anti intellectualism. Wells would be better off broken up and it's assets dispersed to other firms.