When I first started working in tech many years ago, layoffs were something to be avoided at all costs due to worker impacts. Companies did everything possible to avoid them. I quickly learned the difference between layoffs and reduction in force. It seemed layoffs were temporary and you went back to the same job RIFs meant your job was gone mostly to changes in business versus offshoring. No leaders took joy or reward with either event. Of course, times are different now, but taking pride in how many consecutive quarters you can purge people is still wrong. I hope Charlie get karma for the manner in which he is conducting his CEO actions. God Bless Wells Fargro American workers.
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@aq good riddance. Your post lacks intelligence and you are probably horrible to be around
@aq Your down votes says it all. Looks like the consensus disagrees because you make excuses for those who have the moral compass of a serial ki-ler.
All that matters is share price and whether institutional investors are happy. That's why layoffs are cheered and workers don't matter. It's gross, but the reward system supports it for these execs.
Lets be 100 percent honest and clear these appointed CEO's did not earn their positions because you cannot earn that position they were just lucky enough to have been given the chance. They spend their days having bullsh-t meetings and looking over numbers and barking out orders to those lower than they are. In 2008 all of those CEO's made stupid ridiculous greedy decisions which destroyed companies and cost people their retirement and savings while the CEO's of those companies walked away unscathed with millions in their bank accounts and not a care in the world, while everyone else had to pick up the pieces and start all over again. Those CEO's should have gone to jail or worse. Anytime a CEO makes a bad decision and gets fired those id--ts just shrug their shoulders and say opps I made a mistake and walk away with their millions. What if they had to physically suffer for their errors because people like that may not understand anything else but physical suffering.
What other outcome could their be when the current management team is lazer-focused on efficiency ratio? It's a number that's purely subjective to each organization, yet because it gives them a metric to compare themselves to other organizations that operate similarly despite focusing on different niches, it allows them cover to terminate a bunch of employees.
All so they can make percentages more that they never share with the remaining employees whose lives they make miserable with an overseer-like demand of labor.
Corp and ceo greed over true business values and people. Fu-k Charlie.
@ah
What drivel.
As a shareholder, I don't have a private yacht or a private jet.
I am pretty sure Charlie doesn't.
WF has jets but a yacht, no.
I expect to get kicked to the curb by WF soon but to see "them" rot in in a prison cell because of it? Sorry, I cannot hold such an extreme view.
It's obvious you want to focus on fake rage instead of any business intelligence discussion.
You need to stop and learn.
When Shart and his shareholders are profiting millions, sailing in their private yachts or flying all over the world in their private jets. It becomes easy to turn a blind eye. Especially knowing that it was paid for by those who dedicated their lives to the company and were kicked to the curb like a dog tu-d. It would be nice to see them rot in a prison cell, but that'll never happen. Even if he were to let go without honor, he would get the Golden Parachute and just live comfortably for the rest of his life. There is no justice. It takes a special kind of evil, a soullessness that is difficult to comprehend.