Remember when Bank of America said they are increasing the minimung wage to $25 way back in 2021?
WF still hasn't caught up 4 years later...
9 replies (most recent on top)
@cz WF uses retail to fund all of the corporate banking activity. this is considered one of the few competitive advantages wf has - low cost of funds from the retail banking business. won't give that up.
The only minimum wage they care about is counted in rupees.
Bet they pay those scrubs in Des Moines less than $25 / hour.
Shart wants to bail on retail and mortgage, because once you do that, all you really need is a few thousand sales/trading types and everything else can be offshore/contract/AI/whatever. We'll all be gone. Honestly, I'm fine with the company dying at this point. They've su-ked all the care I ever had out of me. So long as I get my severance on the way out the door, I'm not worried about it.
Nobody needs banks anymore. All online. Deposits and loans all done on a phone. Even depositing a live check by phone. All done online and not in Topeka or Manhattan. No one needs a live teller. Run away. All computing runs through India or the Philippines
With all due respect, who at Wells makes much less than $25 an hour? Part time tellers make that.
Genuinely curious.
If you're fighting for them to raise the min wage, you're doing it wrong.
Shart will do it, with much fanfare and with paid media coverage--once he's figured out how to downsize all the entry level roles that would make that much.
I remember this, everyone scoffed at the idea. Who's laughing now? Not anyone still at WF