Thread regarding Wells Fargo & Co. layoffs

How has your productivity/bureaucracy ratio changed since the consent orders were issued?

For me, the ratio was like 90% productivity to 10% bureaucracy. Today the inverse is true. The majority of my days, and I'm not even kidding, is now spent attending meetings and paper pushing.

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Post ID: @OP+1fUgvMku

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100% spot on. Of all the meetings held and paper pushed in my last few groups, no one could find anything of added value from either a customer or shareholder perspective. The biggest champions for all that bureaucracy = tms who work in those group, and the big consulting institutions who sold it to them.

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Post ID: @svf+1fUgvMku

Never seen so many manual excel spreadsheets to maintain!

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Post ID: @aps+1fUgvMku

All talk. Nothing more.

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Post ID: @wbw+1fUgvMku

My favorite part of the bureaucracy is that the remediation teams build absolutely none of it to scale. I’ve never seen so many manual, two steps forward, 3 back processes in my life: Then, as soon as there’s a leader change or issue closes they scrap the thing to replace it with something even more manual. The teams that are real masochists for it by opening a self-identified issue for fixing the mess they first made by making a new one.

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Post ID: @xad+1fUgvMku

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