Thread regarding U.S. Bank layoffs

Speculating:
I suspect that once nCino is settled with all business lines. Underwritters/Credit Analysis/APMs and PMs functions could be done/perform overseas?
Make sense since the high cost of nCino a Salesforce product was significant transition for the entire USB!

@9cbc+1tLIp5bN
The career search on the Conduent website

@7xgi+1tLIp5bN

Where are you seeing these 798 job postings?

@2ozp+1tLIp5bN I’m sick to my stomach they went from 270 open positions to 798. Can’t be a coincidence.

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The bank's "Agile Coaches" wouldn't know what Agile was if it sat on their face. What the bank is calling "Shield Agile" is a variation of SAFe - which is Agile in name only and violates key Agile principles. SAFe is sold to corporations as a way for them to claim to be Agile, but not change how they do things. It's essentially "Waterfall in Disguise" with additional complexity added to it. The Agile Manifesto never mentions the words "fast" nor "quick", however, that is exactly what these the so called "Agile Coaches" at the bank think Agile means. Don't let the bank's wrong concept of what they call Agile convince you that Agile is bad - it's just that this bank won't ever embrace Agile because it eliminates all of the micromanagement that is overwhelming at the bank.

This is what decades of globalization does. Our corporate leaders and politicians have traded our jobs and industrial base for cheap cr-p made overseas. This is expected when you shop at Walmart and Amazon. However, it feels like a slap in the face when it is done by a company that markets themselves as being ethical and ‘doing the right thing’ is part of their company mission. Not only are they outsourcing jobs to contractors in India, they’re bringing them to Canada and the U.S. after a certain contract period. This guarantees that the pool of opportunities will be limited not just for a couple of months - but potentially decades.

Nearly 100% of the last 3 rounds of layoffs have been focused on non-Indian FTE resources. All have been replaced with H1Bs for the most part. Might want to take the 'US' out of our name soon. I also imagine legal is a bit busy these days...

I know for a fact there are lot of kickbacks to decision makers at the bank and outsourcing companies. Blatant rejection of US born candidates over H1B for technical jobs. These things are not done in the open. And now Indian origin people are taking over, I am not implying that Indians are not smart; we have smart people born in US too that are being sidelined. If we question this it is racism. I think government should intervene and take care of its own smart people first than other countries smart people.

Agile teams has been a complete disaster. Is being a scrum master even a real job? They are glorified note takers and add absolutely nothing to any conversation.

The “Transformation Leaders” that rolled out India based product and agile teams and introduced it as “adding more capacity” and as “extra hands to take the load off your plate” have moved on from the Bank. They saw the writing on the wall and grabbed their bonuses and got bigger salaries elsewhere. They were able to chalk this up as “major wins” and dip out without being held responsible for the impact this has caused to software quality and working culture. They are now spewing garbage on LinkedIn about leadership.

@3kyx+1tLIp5bN

Well done, I appreciate your efforts!

I emailed Kare11 news about their laying off and hiring practices in India. Also mentioned their treatment of current remote employees not having opportunity for career growth. Maybe if enough of us contact them we can make a difference

if you go to Conduents website they have 270 open positions, not sure if that’s normal for them but it’s enough to replace my entire org. think they’ll hire me? lol

now we have indian origin people at the helm - a check mate for US born people?

The post on " The American dream in bullet format..." hits the nail on the head.

US Bank has always done things in the cheap. This is nothing new

"Take these topics to public forums. Tell your fam/friends that US bank has become bank of India. Relay this in career sites. Speak up! " If I speak up, I am labelled a racist. :-(

The American dream in bullet format:

• Go into F500 non tech firms where management is often more MBA background than tech.
• Promise to undercut competitors per body, selling to someone who thinks number of bodies is more important than work output.
• Once in, take care of client manager who owns vendor relationships. I have seen free golf trips to pebble beach, whatever the manager's passion is, they are about to get a lot of it free.
• Find in India young people who couldn't find any possible better job. Sign them to horrible contracts they can't easily get out of. Promise they will eventually be sent to America.
• Flood the H1B lottery process with all of these offshore workers. Land a number of them H1B's.
• Send H1B's to client sites in America. Severely underpay by US standards.
• Since the H1B's they sent are fairly weak in experience, education, and skills, the vast majority can't find other employers to port their visas to.
• It takes decades now for Indians to go from H1B to greencard, so these firms sponsor greencard knowing they get to keep their employees virtually for life at extremely low wages.
• Those in IT departments in these F500 firms get frustrated working with substandard bodyshops, so leave for better run firms, causing huge IT problems within the firms.
• With the higher quality employees leaving, management feels stuck, as the bodyshop employees start appearing to be keeping on the lights, as badly as they are doing.
• Very high cost boutique consulting firms step into the void to get work completed, while the bodyshops do the lowest level tech work. The boutiques will often be charging $500k a year per person to replace each of those old longer serving IT staff members who left the firm (who were often of salaries closer to $100k-$150k).
• Eventually, even management starts moving on from the firm (as budgets have blown out, IT quality has plummeted). Since so many bodyshop H1Bs are Indian, often Indian management is then hired to take over, making it much easier for the bodyshops to work with decision makers. Now there are relatives who can be hired offshore, and a myriad of ways to ensure the manager would never move on from the bodyshop.
• The bodyshops are entrenched in the firm for life, continuing every year to bring in more of the H1B's.
• The bodyshop makes a fortune.
• The boutique firms make a fortune.
• The smart old employees join the boutiques and are earning far more.
• The business side is left wondering why their IT department quality is so terrible, without understanding the lifecycle above.

Why is our government allowing so many H1B visas and companies to outsource in the first place? Why are so many American engineers and those with a technical background facing joblessness and homelessness? Of course companies are going to go with the cheapest approach if there is no one to hold them accountable.

Stolen code, borrowed code, fake degrees and certifications and a nation becoming close friends with Russia, that’s what you get when you outsource to India - and no one seems to acknowledge the risk because it’s cheap labor.

The teams in India are given direction by the offshore ‘agile coaches’ on how to trick the work tracking systems e.g Jira to make it seem like the offshore teams are performing significantly better.

A lot of jobs have moved/are moving to Poland also.

Don’t forget to call this out to your leaders, who are being dined and paraded by the vendors, during their trips to India. Take these topics to public forums. Tell your fam/friends that US bank has become bank of India. Relay this in career sites. Speak up!

This is true. The body shops have successfully convinced leadership, with false and exaggerated data, that ‘product teams’ in India are delivering faster and better. I’ve seen teams with offshore product managers, UX, engineers and scrum masters. Some teams have both US and India based product managers so that they can train them and ultimately be replaced. This is all being done under the guise that onsite employees are getting ‘help’ from India based contractors. Most onsite teams have become clean up crew and production support for all the garbage that is developed by offshore. I can also confirm that replacement reqs from onsite folks are on hold and will likely hire offshore replacements, even for teams that are mostly onsite / FTE. The organization has also added new offshore roles such as program / project manager, data architects and likely many more to come.

It's been going on all year. Sc--wing over employees and using fake metrics to make it appear as though they are producing more than on shore produces. They really sc--w over remote employees, but then give jobs to India where they don't even work same hours

And Phillipines, lots moving there too.

Unfortunately everything is going to India or they’re coming here. Insight I have is that most firms are sending production efforts to India but keeping Innovation efforts state side.

There was an HR call regarding hiring contractors and how swell of an idea it is. A sign of things to come.

It's true.