The CEO of Wells Fargo boasts that during his time at the company they’ve cut over 65,000 jobs — and that he expects to cut more.

26 comments

1. He’s saying they’re not gonna replace people who quit/retire. What a monster.

2. Incredibly tone deaf to his staff and his clients. I have rarely been as happy as the day I fired Wells Fargo from being my bank. Just awful.

3. Isnt wells fargo like the worst bank ever? I wouldnt even be proud to be ceo of this bank

4. C××t!

5. 

   BEST Economy EVER!!! /s

6. His job is to add shareholder value in long term. less ppl, less cost. what is the surprise?

7. if a company can do same job with fewer employees.

   companies value will increase.

   traditional financial service firms losing market the modern finance firms. thats why they need to cut manyt jobs. Otherwise they will lose customers to obscurity.

8. The real enemy is the business leaders who are never held accountable. The politicians are just puppets, these guys are the ones funding the lobbyist.

9. Wells Fargo is a criminal enterprise

10. r/antiwork

11. Their customer service reflects it.

12. I just heard a clip of Destiny yesterday saying how jobs, wages, and opportunity are all going to get better with time. Meanwhile every CEO is telling the shareholders how they’re gonna replace all the human workers to create “efficiencies.” When are we gonna realize that Marx was actually correct when he said capitalism destroys itself because workers and customers are one and the same. If you destroy the workforce then there’s nobody to buy anything

13. Less salaries, more shareholder profits.

14. “We don’t rehire so people won’t be without jobs.”

    

15. I’m pretty sure all the banks are doing this.

16. The purpose of a corporation has never been to employ people. Their purpose is to generate a financial return for their owners by providing goods and services to their customers. How does this confuse people?

17. I love finding out a business will be super annoying to deal with.

18. It’s a business not a charity.

19. He gets a bigger bonus every time.

20. AI is getting pretty good at the kind of stuff that CEOs are expected to do. Just saying.

21. Sounds like he’s saying we don’t need Banks anymore

22. Another corporate CEO dick head.

23. Isn’t this the same WF that opened up a bunch of fake accounts for their customers as a way to collect more money? I don’t remember the exact details with the incidents though

24. We as a society need to start actively supporting companies that hire

25. After many decades of being open, they have plans to close the large Wells Fargo branch in Downtown Duluth, as one example of their shrinking workforce.

26. so what he is saying is that he hopes to replace everyone with AI.great let’s start cutting the fat from his job and go down the hill. I mean is there anything more useless than a CEO/CFO of a bank? Well, besides tits on a bull anyway.

Comments are closed.