Thread regarding Wells Fargo & Co. layoffs

Let's save 4 billion dollars!

Don't kid yourself.

Cuts are coming.

Not trying to scare folks but it's the only way to save $4B.

Some of that will come from the sale of some businesses like insurance. But most of it will come from employees being let go.

Even if you think your job is secure, take charge of your career and be ready in case.

Many times good people are let go simply because the executive management said we are cutting X and so we need to fire X number of people.

It's a stupid strategy as you can't cut your way to long term profitability but the shareholders will like it.

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I just heard from my HR friend that WF is preparing to cut many project managers as a way to save money. She said the cuts will be announced later this year and be implemented in early 2018. The enterprise is still finalizing the amount of money they need to save and that will dictate how many PMs lose their job.

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The most intelligent and succinct statement I have read in a long time.

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All executives and board members should pay back all salaries plus damages and put on a criminal tribunal broadcasted worldwide as a deterrent to future misconduct by all banks.

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