Thread regarding Wells Fargo & Co. layoffs

Well…. As you said, the whole upper management structure is composed of people who at one time or another were employed at JPMC. Wells Fargo is now free to grow as all restrictions have been lifted, we have sold off quite a few of the LOB’s ( profitable ones ) and is now in good shape legally and financially. ( in the many years I have been here WF has NEVER had an unprofitable year). Sure. They might not have made the “projections” they published but they have never lost money. WF is ripe to be bought, JPMC????

It's because we were a cult. That's why.
Charlie said so.

@a1 I didn't think about the stagecoach until now. What did the stagecoach represent? A team. A team of horses managed by the driver. The coach? Safety. A contained space. So with the globalization and the digitization of banking services the stagecoach is gone. The executive ranks will soon be filled with AI castoffs exec management from BNY and JPM. Now will the artifacts in the SF Museum end up at the Smithsonian?

@ac Amen to that. There’s one JPM alum who was a two down for a while but since this person can’t manage their way out of a paper bag they are now a three down, leadership now trying their hand at yet another outsider.

Yeah we know, OP, you complain about this conspiracy all the time.

The problem with their grand strategy is that the people we've got from JPM are the dregs who couldn't cut it there. It hasn't been an improvement, at all.

The only eye opening news here is that you're just now seeing this.

It’s lipstick on a pig. You can windowdress all you like but you can’t change the fundamentals- the company has no special reason to exist. It’s like that hanger-on friend in a high school clique who’s just barely accepted.

Whining about cultural erasure at a place as rotten as WF lol

paranoid coasting boomers hardest hit

Yes. And what is hilarious about this is that they don't seem any better. Nor were they here during the worst of the cleanup and the he-l we went through after 2018 or so. It's ironic to me because they seem to like the culture better here, yet want to try and turn us into JPM. Id--ts.

Honestly I think that's been the plan and it's being executed perfectly as horrible as it is. Get rid of the population of folks that remember what it was like culture wise to make room for the rebranded WF which is just like any other Wall St bank now sad to say. They got rid of the stagecoach not just to move away from the scandals but to move away from what made the company what it is was for so long. Wells Fargo is now in name only.