Thread regarding Wells Fargo & Co. layoffs

Why are we even surprised people are being laid off during the holiday season?

WF proved again and again that they don’t give a damn about any of us. We are just numbers. The only thing that we can look forward to is more attrition. They’ll exert an inordinate amount of energy to come up with and implement intricate ways to make us quit, push us out or lay us off regardless of performance and competence.

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| 1061 views | | 8 replies (last December 1, 2024) | Reply
Post ID: @OP+1vH0PXfa

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"Now those people are truly evil."

I was displaced earlier this year and they have you join a Zoom call where every line is force muted except the members of the displacement team. At one point a displacement team member was cracking jokes with another displacement team member about how it was OK that she made some mistakes, since none of us would be around to complain about it anyway, "ha ha."

I stopped being upset about being laid off at that point. I didn't want to work for a company that hires such inhumane people in a role where they are literally supposed to be helping people through a difficult time, not making fun of them while slamming the door in their face.

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Post ID: @4iwk+1vH0PXfa

Mid level managers don't make these decisions. He-l, even directors have hardly any meaningful input. All this cr-p is driven from the top in conjunction with the displacement team. Now those people are truly evil.

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Post ID: @2qpu+1vH0PXfa

What I wonder is who are these managers who would take positions where a job objective is to basically ruin people's lives? These people are truly sc-m of the earth. I'm convinced that part of the reason we are seeing so many foreign born mid level managers is because they come in hating Americans anyway and enjoy letting U.S. born workers go.

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Post ID: @2cum+1vH0PXfa

Once the outsources comes back to bite them, we could see Wells Fargo going down the same road as Intel, for example. It has taken a decade of mismanagement for Intel to go from a money-printing machine to just recently posting the biggest quarterly loss in the company's history.

Wells Fargo is sending all its jobs to India, got out of the bread and butter business of home mortgage competition, and is doing away with humans under the notion that a business that is literally based 100% on trust will not fail as they convert everything to Indian workers and AI chatbots.

That's not how you build trust. Nobody trusts AI and Indians with their life savings. WF is possibly in its final years of profitability before a major catastrophe that starts a decline towards eventual devaluation and being acquired by another bank, same as WF did to Wachovia when Wachovia was bankrupted by its own bad practices a decade and a half ago.

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Post ID: @1cyb+1vH0PXfa

If it's just business, there's no need to lie to us about it, is there?

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Post ID: @1vvi+1vH0PXfa

It's not personal, it's just business.

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Post ID: @1lzd+1vH0PXfa

Anyone who thinks any company owes them anything better grow up.

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Post ID: @heu+1vH0PXfa

End of year layoffs are a long-standing WF tradition.

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Post ID: @mpy+1vH0PXfa

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