Thread regarding Wells Fargo & Co. layoffs

All operations will now be a solid line to Lester Owens

Breaking by email

by
| 3328 views | | 12 replies (last ) | Reply
Post ID: @OP+1h24rkXw

12 replies (most recent on top)

Scott has 62k staff rolling up to him now. Once risk and ops move it will be ~45k more. That’s almost half of the co’s ~260k staff under one exec. There are more changes in the wind…

by
| | Reply
Post ID: @2uck+1h24rkXw

Lester is one of charlie's biggest do-nothings. What a joke his whole crew is.

by
| | Reply
Post ID: @2klu+1h24rkXw

For those who didn't pay attention to their history, all this does is eliminate the dual-line reporting for the COOs / Ctl Execs who have had 2 bosses each, which gelds the COO in terms of their mandate to drive efficient operations.

by
| | Reply
Post ID: @1ljm+1h24rkXw

More Chase playbook. Create another overbloated organization where the right hand don’t know what the left hand does so there is more dysfunction but some high salaries for people to do nothing but get face time.

by
| | Reply
Post ID: @zmt+1h24rkXw

If you didn’t know this was the plan when they created an Operations group last year, you aren’t paying attention.

by
| | Reply
Post ID: @kwr+1h24rkXw

Can we get rid of the easp group? They are as useful as the tu-d in my toilet

by
| | Reply
Post ID: @fsu+1h24rkXw

Well played Scott!

In one master stroke , 2000 control jobs and 2000 Ops jobs will be eliminated

by
| | Reply
Post ID: @tso+1h24rkXw

I would have to believe that there will be reductions since there will be multiple people doing the same thing.

by
| | Reply
Post ID: @yop+1h24rkXw

Tech Control doesn't do anything but create their own paper shuffling anyway.

by
| | Reply
Post ID: @xfm+1h24rkXw

Concerned about Tech Control. Will be badly hit by this

by
| | Reply
Post ID: @zwu+1h24rkXw

Old News sent at 9:18 am LOL

by
| | Reply
Post ID: @cpj+1h24rkXw

Where have you been? Old news.

by
| | Reply
Post ID: @qre+1h24rkXw

Post a reply

: