The sociopathic junta that runs this company is gutting it with layoff upon layoff with an absolute disregard for the long-term. Why? They have lavished themselves with stock based compensation and now mean to raise the stock price in the short to medium term by any means necessary. Rather than do the hard work of building value through compelling products and services, they have chosen the easy route to please Wall Street: firing up the chainsaw cutting employees heads off. Only skill required is being a psychopath.
The trick is to get the stock price up and cash out before the metaphorical building collapses. If they time it right, they will ride off into the sunset with tens of millions of dollars, and appoint minorities as their successors to take the blame for the inevitable fall.
The average Wells Fargo employee is just a pawn, a su---r in all of this. Endlessly lied to and manipulated by managers managing managers managing managers managing managers. RTO is a scam. DEI is a scam. Offshoring is a scam. Employee Appreciation was an attempt to poison the employee population to weaken its will. The endless layoffs that happen in the shadows that are top of mind for the rank and file but are barely mentioned by our gaslighting senior management. Its psychological warfare being waged by these monsters at the top of the organization pyramid. You, the ordinary Wells Fargo employee cowering in your cubicle, are the enemy.