Thread regarding Wells Fargo & Co. layoffs

@1wbx+1uZUhojF

I agree with every word you posted, but if Shart is against it, I'm for it. His BS has to stop before we're all gone.

@1pqh+1uZUhojF

Pro tip: Don’t be overly pleased with yourself. No one will hire you when Charlie lays you off.

Pro tip: Don't work there if you hate it. Or are you saying no one else will hire you?

For those employees who joined the union, what benefit have you received? Are they paying more of your insurance? Larger pay increase? Job security? Better retirement benefits? How much are your union dues?

@1wbx+1uZUhojF

Are you saying that the 80,000 US based employees axed by Charlie (most for no cause) in the last 4 years are not professional intelligent adults with marketable desired skills?

Say what you want, but the people in my family who have retired are sitting like fat cats with their pensions plus they are getting monthly contributions towards healthcare AND healthy 401Ks. And several have multiple full pensions (20 years in one career + 20 years in another.).

Wells Fargo “benefits” are average at best and they do nothing for their retirees. As usual, don’t listen to the loudest and most obnoxious - educate yourselves about both the pros and the cons of working for Wells Fargo and if you think you would have better negotiating power as a group than you currently have on your own.

Wells Fargo

As a professional intelligent adult with marketable desired skills. I am more than able to speak for myself. I do not want to have to PAY someone to have my voice in a "collective".
Collective = communism/socialism and diminishes the individual worker. Collective bargaining is just extortion. No thanks.

@1ccv as you anti-union people love to say, they can always leave the union and find non-union employment. They don't have to stay in their horribly abusive union.

Yet, they do. Why would that be? Why would they stay working for such an abusive organization?

Stockholm syndrome, it must be Stockholm syndrome.

Unionize! Unions never, ever get sc--wed over. Oh wait, except for people I know that are in unions and get scr-wed over by the union leaders and forced to give part of their pay to be in the union that scr-ws them. Strike! Oh wait....statistically speaking, workers who strike very rarely make lost wages back and end up worse off than prior to the strike. I'll choose my employer, keep all my paycheck and continue to work as a 'free will' employee. There is no loyalty, we are all free agents. Today's unions will not save you.

If WF white collars got traction (and the FU bad publicity go with) that might start a run on the bank. A boycott. That would not reflect well at all on HY.

@xnx+1uZUhojF

I hear you. I did have trouble coming up with an appropriate analogy. My thinking was that those who don’t support unions only think of themselves. I appreciate your feedback.

Yes, the hourly workers at WF have a chance to unionize. They could get the backing of a large union. The salary workers, not so much.

Great post OP, but I took issue with:

"“I don’t want anyone telling me I can’t text and drive.” Okay, you might lose your life but you keep fighting that you are right."

I think it's a bad example. We generally don't care about d-mbdumbs hurting themselves, rather it's the harm they may bring to others.

Most members of the Writers Guild don’t make much money. Not everyone is writing for a successful show. Many of them have second jobs. There biggest fear is AI that can write scripts instead of a human. These guys had the support of big names and much of the country. Many went into immense financial hardship because of the strike. That said I would suggest reaching out to the Alphabet Workers Union (the Google workers union). I think they had the backing of a bigger union. They are small in numbers, but vocal. Even a local Teamsters union would have advice. But I am guessing some of you have already done this.

Fyi Wells Fargo’s “white collar overpaid bankers” are, for the most part, making $18-$22 per hour. Anyone who works in a brick and mortar, who is not a manager or a FA, raise your hand if you’re overpaid.

Technology: they’re offshoring your jobs quicker than you can say “ Karnataka”.

Traders: They automating your jobs and eliminating experienced top $ earners.

Mortgage Loan Officers: Charlie can’t manage the most basic role in banking without violating the law, so he has “stepped back”.

Research: Please tell us how your role has changed and how much autonomy/respect you have these days.

Compliance: They’re offshoring your jobs quicker than you can say “Wells Fargo is an irredeemable repeat offender”.

Investment Bankers: Anyone worth their salt is going to work at a Top 10 Investment Bank, so you probably were overpaid to come here.

HR, Payroll, Call Centers, admins, back office processes - going, going gone.

Take a look at the Job Postings in India. It is jarring, and if it doesn’t move you to action then you have already been brainwashed into submission.

What other high- paying roles are there?

There are unions in entertainment that aren't in that list of most essential public service and health type jobs listed below. People's concern over teachers pay didn't seem to prevent the writers guild from forming.

It's not like it is something you need government intervention to do. Any industry can unionize regardless of public opinion. It's the workers who need to make it happen.

The fact that the union is gaining momentum speaks volumes about the state of the culture at Wells Fargo. I wonder if any of the other large banks are attempting to organize also? So far it seems limited to WF.

Form a union? Go for it! Unions were busted over 40 years ago when Reagan fired all the air traffic controllers. I am all for unions. But, the only way to get noticed is to walk off, protest. That would hit the bank in the pocket book, get some interviews with the media, but anger the consumer. Can you imagine what the everyday laborers and consumers would say if a bunch of white collar bankers making way more than they could ever dream started protesting, demanding a union? I understand that we have legitimate complaints, but the general public is more concerned that nurses, teachers, etc get a fair wage and decent working conditions. Maybe the hourly employees at WF would stand a chance of a successful union.

I’m not confused. But I’ve been fortunate to work for good companies with excellent management teams who respected their employees’ skills and valued their experience and knowledge. Even at Wells, I had a great manager who was let go and now we report to someone out of NY who doesn’t have a clue what we do.

I'm confused when have employees ever had any say? The only vote we get and have gotten is with our feet.