Thread regarding Wells Fargo & Co. layoffs

The only “AI” we’re getting laid off by is “Another Indian” in Manila

@ag {shrug} Suit yourself. Those unable or unwilling to learn about and use AI will likely be among the first to be replaced by it (or by someone who is able and willing).

Link to the class action lawsuit please? There are multiple

Hilarious that some of you are upset about this article. Where is the new I do because this has been happening for years. And now it's an issue?

Also, do you really think Wells is the only one laying off "due to AI?"

@cr I think that shows more about the intelligence of our employees not knowing that.

@c8 says “ •••
The only account I have with wells is 401k and I would never recommend banking with wells or investing here.”
Even their employees 401k is not with them but with empower

Hey at least the class action lawsuit against WF for not paying us dividends in our 401k (and instead using it to pay the annual company match) is proceeding.

Nothing is as exciting as getting money from the company you work for as recompense for them actively ripping you off in the retirement account that they also manage.

@c1

From an accounting standpoint they are probably charging it off in 2024.

@c1 It will be accrued if they already know the event will occur

The only account I have with wells is 401k and I would never recommend banking with wells or investing here.

@ag

Good job. Give them a reason to just get rid of you.

People being displaced that will receive severance in q4 are already gone or perhaps wrapping up their 60 day period.

So he already knows severance is going up. If you are displaced between now and 12/31 your severance won’t be recognized until q1. So nothing to see with these comments from the CEO.

So many current and former WF Employees have large brokerage/retirement accounts - I’d say it’s time to take your money elsewhere folks. Sadly voting with your dollars is the only thing that greedy companies such as such one will listen to!

Maybe we should try to replace the C Suite with AI, save the company many millions.

I'm pulled into meetings weekly asking how I can use AI to "support" my job. I choose not to participate in the discussion.

Tell all friends and neighbors close their Wells Fargo accounts. Do not support their business!

I just closed my employee account this week. fu-k this entire company.