https://www.cnn.com/2024/05/25/business/red-lobster-bankruptcy-thai-union/index.html
See if this sounds familiar
3 replies (most recent on top)
Pretty sure this was always the case with Wells Fargo going to JPM. It’s just a matter of time they’re laying everybody off and they’re all going to India so I kinda show us what’s gonna happen And Jamie diamond threatens to retire. Come on.
Yeah, we’re f@&ked
Replace Thai Union with JPMC and it's essentially the same story. Except WF is not at the ending yet. Hopefully someone saves us from that but I don't see it happening with the direction we're heading.
I don't think in WF's case it was off-shore control so much as being infiltrated by a competitor.