This is a sign of collapse, demanding employees to take time off without pay. Years ago, I was in a company that did just that. In other words, the company was struggling to pay its workers, cashflow was not good. Eventually, the place shut down. This is ominous here at Wells. I agree with another poster that this also means full time employees will be laid off, given this situation with contractors. And those remaining will have to pick up the work of the contractors on those day-offs.
Agree, @PFeaosP-1gnt. While it is too big to just fail, Wells Fargo is in for a really rough ride if this is true. And we are the ones who are going to feel the brunt of it.