Thread regarding Wells Fargo & Co. layoffs

Basing layoffs on numbers alone is a recipe for disaster

I've lost my best people consistently over the past two years. I understand that talent comes at a cost, but eliminating it is strategically unsound. We're not just watching institutional knowledge disappear, we're dismantling the very core that holds teams together. Leadership may see short-term savings, but this criterion for cuts will end up costing us far more.


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| 1085 views | | 6 replies (last February 25) | Reply
Post ID: @OP+1kj3rj5vy

6 replies (most recent on top)

@he+1kj3rj5vy

Housing thousands of employees in big admin buildings isn't necessary either, and yet here we are.

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Post ID: @mb+1kj3rj5vy

Here's the Ugly Truth, my children:
Top talent and the attendant cost isn't needed to do the vast majority of jobs at this company. People always scream about the risk of losing in-house knowledge, but that risk has never been realized. The C-suite knows this and is using a legally-defensible numbers-based approach to cut costs.

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Post ID: @he+1kj3rj5vy

@OP

You're assuming that the goal is to keep WF as a company. Based on Chainsaw's actions, my best guess is that WF will be sold for parts - so dismantling and making it weaker is probably the point.

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Post ID: @eg+1kj3rj5vy

Pretty sad that you had to use AI to write this. Means a lot more when something is written by an actual person. The atrophy of basic skills will hit hard when everybody relies on AI for everything.

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Post ID: @dj+1kj3rj5vy

That rickety sound you hear is from the wheel on the stagecoach right before it shatters. In hostile Indian terry.

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Post ID: @d9+1kj3rj5vy

15k to go

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Post ID: @a6+1kj3rj5vy

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