Thread regarding Wells Fargo & Co. layoffs

Charlie Scharf happens to be Jewish. So, this does not look good for him.

The current DEI programs at Wells Fargo pits one identity against another. It creates more racism and angst towards one another. DEI hires and promotes based on identity instead of qualifications.

Yeah, about those race-based special mentoring programs...

Holy cr-p!

This one is pretty recent - Black woman as an investment manager.

She was doing the work of a higher paid Investment manager position, and Wells had opened a position for the next grade higher for the role she doing.

She applied.

Then Wells rescinded the position - why pay more when they already had a woman doing the same job for less?

THEN the bank reduced the number of accounts she handling so a promotion was no longer possible.

What a shtty company.

https://casetext.com/case/boone-v-wells-fargo-bank-3

In February 2020, Wells Fargo posted an IMS position for which Plaintiff applied and was interviewed. (Id. ¶¶ 14-15.) Plaintiff did not receive the position, as “[t]he position was . . . cancelled and left unfilled.” (Id. ¶ 16.) Plaintiff alleges that “[o] stensibly the position was deemed unnecessary, but this was only because [Plaintiff] was already doing all the work.” (Id.) Plaintiff further inquired about a promotion to IMS, (id. ¶ 17), and Plaintiff's supervisor told Plaintiff that the differences between an IFS Associate and an IMS were “arbitrary,” (id. ¶ 18).

In September 2020, Plaintiff emailed Wells Fargo CEO Charlie Scharf complaining of race, s-x, and age discrimination. (Id. ¶ 19.) Wells Fargo investigated Plaintiff's email allegations and “determined them to be unfounded.” (Id. ¶ 20.) Although Plaintiff does not allege a specific date, Plaintiff alleges that “[s]hortly after her complaint,” her accounts were reduced such that Plaintiff would no longer be eligible for a promotion to the IMS position, should one become available. (Id. ¶ 21.)

On December 11, 2020, Plaintiff filed a charge of employment discrimination alleging race, s-x, and age discrimination, as well as retaliation, with the Equal Employment Opportunity Commission (“EEOC”). (See id. ¶ 22.) The EEOC issued Plaintiff a right to sue letter on October 27, 2021. (Ex. 1, Notice of Right to Sue (“Right to Sue Letter”) (Doc. 7-1).)

On January 24, 2022, Plaintiff filed her complaint in this court alleging race, s-x, and age discrimination, as well as retaliation. (Compl. (Doc. 1) at 5-8.) Specifically, Plaintiff alleges: race discrimination for Plaintiff's non-promotion to the IMS position in violation of Title VII of the Civil Rights Act (“Title VII”) and 42 U.S.C. § 1981; s-x discrimination for Plaintiff's non-promotion to the IMS position in violation of Title VII; age discrimination for Plaintiff's non-promotion to the IMS position in violation of the Age Discrimination in Employment Act (“ADEA”); and retaliation in violation of Title VII, 42 U.S.C. § 1981, and the ADEA. (Id.)

Poor reading comprehension strikes again!

READ: …120 female workers in investment services technology positions AND 47 Black and 26 Hispanic workers in its technology services…

The discrimination was most profound against WOMEN. AND then there was discrimination against Blacks and Hispanic workers. Women in tech are ROUTINELY discriminated against at WFC. Putting TK in instead of JS or SH for the SvB job is window dressing. All the women in tech at WFC know this. Of the people in tech that I know, many more leaving are women. Was a problem before Chuckie, hasn’t gotten better because of Chuckie.

Scharf underpaid black/Hispanic women at Bony Mellon
His actions so egregious you'd think hes a felon
Instead he jumps ship to wells Fargo bank
Getting hisself rich while cutting the rank

"Unconscious bias" he exclaims during public uproar
But did same sh!t as CEO of different bank just before
Scharf is a j3w and his racism plain to see
But don't call him a J3w cause that's antisemite for you and me

His bias against Americans and minorities make him quite rich
He earns all the money while all we do here is b!tch
Not one of you will walkout and tell him "Enough!"
Most can't handle working together when going get tough
He's making over 30 million in money per year
While cutting your coworkers which is why you are here

You still have a job so "it's them and not me"
None of you seem to know the concept of solidarity
You cost 10 times more than than indian employee
Because they are paid in a weak rupee currency

So unionize like yesterday or you will be screwed
Or as our fo-e-father's called it "yer gonna get j3wed"
Your pay he wants in his own mouldy pocket
Your salary converted to buybacks bank shares skyrocket

Cuckie brags "efficiency initiatives" on all earnings calls
Its your job he wants gone and probably your b@lls
So get off your a$$ and fight this J3w pr!ck
Cause your job gonna be gone and gone very quick

He’s been here four years, made nothing but poor decisions while cashing obscene amounts of pay and stock, hiring ol pals who are just as inept as himself. The man is utterly worthless. One of many failures off the Dimon tree.

Charlie discriminated against all women. Period

It’s simple, hire the best candidate and ignore race. Does skin color make you a better accountant/banker/teller/programmer ?