https://theworld.org/stories/there-are-more-modern-day-slaves-living-india-anywhere-else-earth
9 replies (most recent on top)
@uhh+1in4kgDt Actually, they’re not. Google “on-shoring” and you will find recent articles about companies bringing jobs back to the US. WF remains a laggard.
WF target operating model is 70% onshore and 30% offshore. They already bought the office buildings in I&P. Why do you think they are getting out of mortgage business. It is against the law to send PII offshore. BTW. LARGE AMOUNT OF LAYOFFS WILL BE END OF SEPTEMBER AND END OF OCTOBER. FACTTTTS!
Interesting story - thank you for sharing.
The world that we live in isn't like Star Trek. There are no Orion slave girls. But for what it's worth I wish I could go over there to India and make a purchase of the next best thing!
Wells Fargo I&P doesn't do a damn thing
...but unlike the others, WF is ‘super woke’ to the point we are inviting starving lawyers to come play.
It’s just another story that will hit the media one day. WF is always in the paper. Reputation is shot. It’s just people collecting checks until the OCC staffs up to a point where they can see what’s really going on.
They currently mostly rely on audit who is once again failing.
Anyways... yeah. Supporting an economy with slavery and taking cheap labor overseas is pretty F’ed up.
Welcome to 2022.
I think you mean over half of corporate America. It's not just Wells, they are just now ramping up
This is heartbreaking yet not surprising and rather almost expected.
US political leaders continue to get into bed with the likes of China, India, Iran, and other bad actor foreign nations.
What is expected? When you feed the monkey it grows. And then we're all shocked when there's an 800 pound gorilla in the living room.
are we really surprised?
Is WF supporting modern day slavery by operating in India?
Helping a government that allows so many human atrocities.
Our labor competes with their labor.