Thread regarding Wells Fargo & Co. layoffs

Get the F out of here. Conditions are horrible but where else can you go?

@2baw+1ohI8vex

Charlie, is that you?

@2fcy+1ohI8vex

What are the "financial annalists"? You must be from India.

Post ID: @2fcy+1ohI8vex

Gosh - I don’t know how to respond to you. But “financial annalists” and “has done” are causes for concern. Wells Fargo needs to bring in a new crop of Yes-Men.

Most financial annalists agree that Charlie and the new management team has done a good job of turning Wells Fargo around. As previously mentioned, the issues at hand are complex and the employees and middle management of the previous regime either lack the competency and/or motivation to cooperate and fix things. THIS is the primary reason for continued and lingering issues.

“We waited 6 years under CS, but nothing has improved.”

CS has been with WF almost 4 years, not 6.

Folks understand that we need to drastically cut our expenses and reduce complexity of operations.

This mean shrinking our home mortgage and to some degree our auto businesses. On the other hand historically we have done a poor job of marketing our credit cards to our deposit customers. Frankly we just haven’t had the right talent and technology in place to grow this very profitable business. We will get there.

Don't worry. Kal "Kumar" Penn is here to assist, starting with the interns.

# where's Charlie

If it wasn’t for Covid and now the inflation, things would be a lot better. How could you judge senior management on economic and global issues that they had no control over?

Management is doing more with less and the regulators are completely unreasonable and have their own political agendas.

@zqi+1ohI8vex

We waited 6 years under CS, but nothing has improved. Actually things are getting worse and worse each year because of the people like you.

Round bullet point today instead of square? LOL

WF lacks the risk management to run a financial institution with this level of complexity. Mike and Mandy couldn’t do it and Derek can’t do it. Breakup the bank and time clean house. C suite needs to retire or be fired.

#wellsfargo shitshow

he's got a very large paycheck to show for all his hard work. his absence recently as well as that if SP could mean something is in the works.

@gyc a new credit card and a smaller bank to be in charge of.

Seriously, can someone tell me what the CEO has done right? What's he got to show for in 6 years??

Didn't hit the hiring target of 150 Cambodians.

Break us up already.

Spot on, OP!