Thread regarding Wells Fargo & Co. layoffs

Surprise! Ravi Radhakrishnan is leaving WF.

I think it is a very bad sign.

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Post ID: @OP+1ehUnz2h

32 replies (most recent on top)

Ravi is selfish as well as his friends and family who follow him. Where ever he will go, he will create same mess by taking people without any talent.

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Post ID: @5upe+1ehUnz2h

Any advice for those of us in Amex Technologies org, i.e., what to expect from Ravi?

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Post ID: @2cvz+1ehUnz2h

The only real sign here is Ravi probably wasn't one of Saul's favorites, saw his world shrinking and decided to be a bigger fish in a smaller pond.

Anecdotally, there seems to be quite a bit of attrition in tech.

Required meme here: tech is affected. :-)

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Post ID: @1ozn+1ehUnz2h

@1ecu+1ehUnz2h lol, joke's on you. AmEx has been moving work offshore in tech for literally decades.

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Post ID: @1jlu+1ehUnz2h

@1ukw+1ehUnz2h
Tell me you work for WFC, without telling me you work for WFC.

β€œ The following memo _from AnrΓ© Williams, CEO_, American Express National Bank & Group President, Enterprise Services, was sent today to all American Express colleagues:

With Marc’s retirement, I am pleased to announce that Ravi Radhakrishnan, currently the CIO and Head of Technology for the Commercial Banking and Corporate & Investment Banking businesses at Wells Fargo, will become our new CIO effective January 26, 2022. _Ravi will report to me and will be a member of the company’s Executive Committee._β€œ

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Post ID: @1adc+1ehUnz2h

@1ukw+1ehUnz2h so essentially same job, less stress and more money? This guy knows what he's doing.

And he kicks this crazy culture to the curb? Who would say no?

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Post ID: @1zta+1ehUnz2h

Ravi doesn’t even report to the Amex CEO. So organizationally he’s still -2 from top dog there and they’re a fraction of the size WF is

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Post ID: @1ukw+1ehUnz2h

I know Ravi well and it came down to the miscommunication on RTO being the final straw. He’s taking his dysfunction talents to Amex as a result

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Post ID: @1tyf+1ehUnz2h

I hope Amex likes underqualified offshore employees who are never held accountable for anything they sc--w up. Cause they are about to get loads of them.

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Post ID: @1ecu+1ehUnz2h

Ravi was horrible, thank god that guy is gone.

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Post ID: @1kar+1ehUnz2h

I like the definition of CICD.....Continuous Insecurity and Continuous Drama (CICD)...:)

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Post ID: @1otp+1ehUnz2h

Ravi leaving WF is not an end of the road. We have lot of talented and capable leaders who can lead us. But the question here is, even after two years of Continuous Insecurity and Continuous Drama (CICD), we are not yet stabilized. The most worrying part is, there are no standard/uniform decisions or polices for entire bank. The management wants something, they fix something and they implement something else. Everywhere loopholes (they call it as flexibility) ....:)

CICD may be a a good approach for software development, but not for company management :)

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Post ID: @1ftz+1ehUnz2h

So many will be super sad to see him go!

J/k

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Post ID: @xsc+1ehUnz2h

The approval King is dethroned? Thanks for red tape and mountain of bureaucratic nonsense.

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Post ID: @bcf+1ehUnz2h

While I'm not fond of RTO and have serious concerns about leadership, Ravi leaving is him actually leaving for greener pastures and not running from WF.

He's essentially becoming Saul for AMEX, so a nice promotion and next step in his career. In addition, he's relocating from CA to NY (to be closer to his daughters in Boston), so it wasn't because they are trying to move power to NY as others have said.

It's a good move for him. I think it says more about the current job market than anything. I'm still d-mbfounded how WF is treating current tech employees with all of the higher paying and full time remote options available.

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Post ID: @mvx+1ehUnz2h

career:
20 years at citi
10 years at wells
10 years at amex
done

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Post ID: @pba+1ehUnz2h

Does anyone know if tech is affected...

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Post ID: @jcr+1ehUnz2h

https://www.streetinsider.com/Management+Changes/American+Express+%28AXP%29+Names+New+CIO/19343007.html

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Post ID: @deg+1ehUnz2h

Yeah. A press release hit from them earlier. https://www.streetinsider.com/Management+Changes/American+Express+%28AXP%29+Names+New+CIO/19343007.html

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Post ID: @wya+1ehUnz2h

I no longer am with Wells Fargo technology but was for many years. Ravi's style of management was to institute many layers of approvals, intimidate frequently, and go radio silent when you needed something like a backfill replacement for a team. I'm so glad to not be under that nonsense anymore, and I think that American Express can look forward to him bringing the same inept visionless steering to their technology group.

Wells Fargo technology has not grown since Ravi joined. It became a fragile pile of disorganization that can't service the customers well.

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Post ID: @vyw+1ehUnz2h

Yes. SVB dropped the ball on RTO and hasn't said anything since then. That says it all.

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Post ID: @eqs+1ehUnz2h

Maybe he took the advice so often offered on this board - if you want to move up in the world, you need to change jobs. Pretty sure Saul isn't going anywhere any time soon and he probably snagged a nice job in San Fran somewhere with a hefty pay increase. Good luck to him.

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Post ID: @fdv+1ehUnz2h

I thought SVB was putting off RTO? Did anyone see conflicting message on TW today where says tech is "invited" to RTO yet I have an email that says Tech is RTO in Jan? Love the mixed messages of confusion. Let's Go Chainsaw Charlie!

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Post ID: @kgz+1ehUnz2h

It is also possible that he was asked to leave in order to promote Bloom and with that move as much business/technology to NYC. As it was mentioned previously NYC office widely expanding.

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Post ID: @wpq+1ehUnz2h

Just the first of many. The so-called leadership exodus will step up next year because they know Chuckles isn’t long for this place. He doesn’t want to clean up the mess, just like at his previous stops.

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Post ID: @vwl+1ehUnz2h

I can't stand working for him, but I am just a bottom feeder and trying desperately to ignore his incompetency until I leave.

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Post ID: @dqu+1ehUnz2h

I bet he got a very nice gig with 100% wfh option. This Saul could not counter with his and Co RTO plans.
And with that , I declare the Count down for talent exit official!

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Post ID: @xxz+1ehUnz2h

I love that no one is willing to work for Saul πŸ˜‚πŸ˜‚

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Post ID: @qnj+1ehUnz2h

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