Thread regarding Wells Fargo & Co. layoffs

@nqs HIT THE NAIL ON THE HEAD AND OUTTA THE PARK! Thanks for articulating exactly what is going on here. I never expected CS to swoop in and rid us of the cap or orders but his leadership has shown he is a one trick pony and everyone being brought in and sitting fat in HYs is a totally POS.

Someone should ask SvB about the advantages and disadvantages of the Work Council system in Netherlands versus the “right to work” laws of the US. Let’s see how “I’m from Europe” he gets about that.

If WF didn't take unionization seriously, then why did they hire an exec to focus solely on stopping unionization?

If WF didn't take unionization seriously, then why did SVB and Colleen send out a communication this week desperately trying to bolster their whitewashing of abysmal branch environment?

WF is definitely worried. And other banks are watching and heavily invested.

Perhaps a LifeSync goal should be to have job security and a pay raise above 2%. Not a lot to ask….

I want a union, and union should have a seat on the BOD.

I'm not a fan of unions, but I absolutely agree with the sentiment that "the executives brought it upon themselves". No one was even thinking about unionizing before these id--ts came along and made it their mission to destroy WF. So while I do not believe unionizing is good for employees, I fully recognize why thousands and thousands of workers would start leaning in that direction. It's pretty simple, Hudson Yards has subjected employees to an endless string of indignities. They routinely lie and obfuscate. RTO and the alleged reasons for it are complete garbage, and obviously so. There's countless ways this company could save money, and instead of even considering those they keep going right to downsizing, outsourcing, and contracting instead. They want us to trust them and build strong teams while they also make it impossible to do so. They'll spend $500M on office space we do not need, and then turn around and tell us to cut spending to the bone. They pile endless amounts of corporate box checking nonsense upon us and then wonder why we aren't being as effective as they think we should be with respect to production. They focus entirely to much time on things that are irrelevant and don't build the company or profits. There's always plenty of time/money for stupid S, but never enough for what's actually important if we want to, you know, actually run a bank.

I have zero confidence in Hudson Yards to run and lead this company based on their performance in the last several years. I don't think they bring anything to the table. We earn billions as a group, all they do is torment us, fire us, and blame us for everything that has gone wrong here even though 100% of our issues are executive-driven. It's a total mess, and the only thing that can fix it at this point is new leadership. Almost everyone at Hudson Yards should go. Maybe Saul is worth keeping and a couple others, but the vast majority have completely failed.

In our modern era, unions are an example of one form of duct tape on a decidedly unfair economy. It temporarily solves some problems for some people and can look unsightly if not applied well.

At the end of the day, the board, shareholders, executives and accountants will remain with the upper hand in running the business as they see fit.

It's good to have a voice representing those feeling wronged, it just doesn't have the feeling of some grander movement despite the media loving to bubble up every sneeze into a pandemic. The caveat: no sources of replacement income for humans when A.I. takes most jobs away.

Job security, preferred workplace location and career advancement are absolutely reasons to job a union.

Everything is negotiable.

Job security, preferred workplace location and career advancement are not reasons to join a union. Unions are designed to help negotiate fair benefits, fair pay and acceptable working conditions.