Thread regarding Wells Fargo & Co. layoffs

Wells Fargo to sell off certain regions

Anyone know of any updates or when it is to be announced?


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| 1831 views | | 7 replies (last February 21) | Reply
Post ID: @OP+1khsb9rpn

7 replies (most recent on top)

These clowns have no idea how to grow a business. All they know is the chainsaw.

Weaker than expected revenue, the execs telling investors that growth will be slow is why the stock shed 5% of its value after the last quarterly report.

At some point investors are going to start questioning why there is no growth.

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Post ID: @ne+1khsb9rpn

@e4+1khsb9rpn

It's funny when the same corporate clowns that are telling us that sitting in random buildings is critical to our future success, also tell us we need to close buildings to cut costs. How about we close all the big admin buildings because it's all a massive waste of money? We could slash our non-retail sq footage by over 90% and improve the business and expenses. But, they won't do it, because the absolute most important thing to HY is to get rid of the domestic work force. Everything, and I mean everything, takes a back seat to that objective.

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Post ID: @g2+1khsb9rpn

He did not want to alarm anyone but what he meant is that we have too many managers that don’t actually contribute anything meaningful to the firm.

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Post ID: @eq+1khsb9rpn

CFO Santomassimo said publicly in an investor meeting a week ago that we have too many employees & will be cutting staff & selling real estate in 2026 to cut costs. What that exactly means???? But I would bet if you’re not in a core location you are at risk.

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Post ID: @e4+1khsb9rpn

It will be Tuesday

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Post ID: @ah+1khsb9rpn

Um, what "regions" do we own? We don't even own the buildings we sit in anymore.

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Post ID: @ag+1khsb9rpn

Doubt it

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Post ID: @a9+1khsb9rpn

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