Thread regarding Wells Fargo & Co. layoffs

Cut the undesirables

Now imagine a company is like a school with different classes. in some schools, each class focuses on a specific subject, like math, scienc or art. If a subject isn't popular or doing well, the school can just stop offering that class and let the professors go…

but most cos aren't set up like that. instead they have teams that do specific jobs no matter what the product is, like a team for finances, hr, marketing, sales, legal, etc. If the company is bleeding money, they can't just cut a specific su-ky product and its team…

instead they might decide to cut a certain pctg of jobs across the entire company. this means people from all the different departments might lose their jobs, not just those working on the underperforming products.

sometimes the people who get laid off might be those who didn’t get along with the higher-ups or who were seen as troublemakers - people with issues, even if they were doing their job well. This always makes the cut feel really unfair to the employees.

the way a company is organized can make a large difference in how they handle cuts... in a more traditional setup layoffs can seem random and based on who the mgrs like or don't like, rather than on actual performance… this happens all the time nowadays…

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Post ID: @OP+1sEskzkw

7 replies (most recent on top)

The firm itself and it's leadership are undesirable.

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Post ID: @1bjp+1sEskzkw

if you have a disability you’re becoming an undesirable so don’t get sick or surgery!! Su-k it up, or get bad rating for rating!

I’m being facetious, but it’s pretty true at this company, so keep up your health.

Fn abhorrent how they they treat people with medical issues. I’ve seen two people die at their desks, so that’s fu--ing distressing!

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Post ID: @1uff+1sEskzkw

If you want to cut the undesirables, look no further. There are hundreds of dead weight managers and dead weight executives who do nothing.

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Post ID: @1kvg+1sEskzkw

Someone who disregards people skills as a reason for being retained... Let me guess, you're a dev or some kind of analyst that never speaks to people and can't socialize to save your life. Soft skills are CRITICAL to career success.

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Post ID: @ngq+1sEskzkw

tl;dr

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Post ID: @umm+1sEskzkw

Some companies are not rational. They do not have a clear vision of the products/services they are providing to their customers. The market will weigh their stock. This is why WFC is flat while JPM is at an all-time high.

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Post ID: @umw+1sEskzkw

Schools are much less flexible than most businesses, even with their "customers" being threatened with eviction and jail if they don't pay.

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Post ID: @uuf+1sEskzkw

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