A bright young guy I know asked me about a job listing at Wells. I gave him the pros and cons, as I’ve experienced them (more cons), but told him to research the company on his own knowing he would probably have a better experience than me as a newer younger employee.
He came back and (referring to the $1 Billion set aside for layoffs in 2024) said “Why would anyone worth hiring take the chance to apply at a company who is bragging about laying off so many employees?”
He also took it upon himself to read the most recent annual report and came to the conclusion on his own that even Charlie in his CEO letter to shareholders does not portray Wells Fargo as a company where employees can grow.
Smart comments from a sharp person with multiple skills who would have brought a lot of value to the table at Wells.
Imagine the longterm consequences to a company whose CEO so obviously does not care about his employees or attracting and retaining talent.