How does a sane person think this is okay?

"Still, Wells Fargo remains shackled by a $1.95 trillion asset cap that prevents it from growing until regulators deem it has fixed problems from a fake accounts scandal.

The bank still has eight open consent orders after the U.S. Office of the Comptroller of the Currency in February terminated a 2016 punishment."

From Yahoo!Financial

The location strategy and efficency layoffs across every group, regardless of responsibility, ki-ling any morale, and deepening the mistrust of management, are supposed to help? Not quite sure why the situation doesn't get more press. This has got to be the most active board on this site.

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Work quality coming out of I&P is problematic and they are taking on more risk related tasks, including reviewing work done to address these MRAs. I can only SMH.

Agree on most active board on this site. I think the COs are buried under the Covid thing, inflation, the layoffs, offshoring, etc, then the HR scandals, etc. The layoffs & offshoring are an attempt to make it look like Charlie is doing something useful in the name of "cost efficiencies". It's short term thinking though, as these actions are leading to lower quality of work & we're seeing it now, which in turn leads to the aforementioned lack of resolution on the COs, which was the main mandate of Charlie's scorecard when he was hired. It's going to snowball from here in my opinion. The quality of the work offshore just isn't there and it also comes with a lot of Risk & privacy issues. We might as well call him Charlie Short for short term thinking.

Agree on most active board on this site. I think the COs are buried under the Covid thing, inflation, the layoffs, offshoring, etc, then the HR scandals, etc. The layoffs & offshoring are an attempt to make it look like Charlie is doing something useful in the name of "cost efficiencies". It's short term thinking though, as these actions are leading to lower quality of work & we're seeing it now, which in turn leads to the aforementioned lack of resolution on the COs, which was the main mandate of Charlie's scorecard when he was hired. It's going to snowball from here in my opinion. The quality of the work offshore just isn't there and it also does with a lot of Risk & privacy issues. We might as well call him Charlie Short for short term thinking.

where's 5/3's as--s cap

Thread regarding Wells Fargo & Co. layoffs

How does a sane person think this is okay?

4 replies (most recent on top)

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