Thread regarding Wells Fargo & Co. layoffs

Massive layoffs coming soon

Massive layoffs coming soon who all LOB under the CIO. Internal rumor Mill from New York says Charlie nearly had a heart attack when he saw the monthly bill for the cloud that were paying these corporations and so to recover that cost he has ordered that the CIO start producing Mass layoffs to recoup that money.

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Post ID: @OP+1jsjgrpyz

18 replies (most recent on top)

I was interviewing the other day at WF (as a consultant). The software product manager told me there were some initial problems, but they are on course. He complained about some of the "tracking costs" of using Jira to track. I didn't get into their practices. I asked about the code. Should I continue pursuing this work? What exactly are the problems in doing the migration to the cloud you are having?

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Post ID: @17a+1jsjgrpyz

WF has been a total disaster with cloud. Nothing has got done right. Late to even do it at all and whatever has been done is just a wreck. Failure after failure.

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Post ID: @f4+1jsjgrpyz

PIPi Longnapping is immune to this cloud v on-prem fu-kery.

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Post ID: @dw+1jsjgrpyz

This company dumped a ton of data into the cloud. Putting data into the cloud is cheap. What they didn’t realize is the egress costs of data pulling it back on-prem for on-prem apps that need the data.

This is backwards. The data should be on-prem and the workloads in the cloud. Let the compute scale depending upon demand and access the data without the egress charges.

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Post ID: @dj+1jsjgrpyz

"That rumor mill is rarely accurate." And yet, more layoffs continue to escalate. Get your facts straight bud

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Post ID: @de+1jsjgrpyz

a lot of companies moved to the cloud as a way to save money only to realize it is even more expensive. As a result they are moving back down from the cloud.

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Post ID: @d7+1jsjgrpyz

Operational risk should have had a stronger voice with cloud strategy risks. All they do is grin like a fat kid at the dinner table.

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Post ID: @cz+1jsjgrpyz

Some thing should not be in the cloud. That's being leaned now by the id--ts that make these stupid,1 profit driven decisions.

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Post ID: @cs+1jsjgrpyz

This sounds like it's made up. But, rumor is we are paying the cloud providers a bunch of money but not using what we agreed to use. Cloud has been yet another mess and I predict we'll see even less moving there in the next few years given focus on DC exit - which is also messy.

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Post ID: @cq+1jsjgrpyz

They think the cloud is expensive? They should look in the mirror for some ridiculously inefficient high cost projects.

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Post ID: @b6+1jsjgrpyz

Cloud is just a word for “computer you don’t own in another location “. It’s not some magic object that fixed everything. It makes sense if you are a small software development shop or a company that doesn’t have a big IT team. But when you have tons of infrastructure already existing and people to run it cloud isn’t the slam dunk they think it is. Kind of like the cycle of outsourcing and then insourcing your help desk. Just rearranging the furniture.

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Post ID: @at+1jsjgrpyz

Cloud team was already chainsawed last week.

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Post ID: @ae+1jsjgrpyz

If they were paying corporations way too much for the cloud, wouldn’t a smart executive bring some of it back in house? Fake news.

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Post ID: @aa+1jsjgrpyz

Ok

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Post ID: @a8+1jsjgrpyz

What depts are under CIO?

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Post ID: @a6+1jsjgrpyz

That rumor mill is rarely accurate.

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Post ID: @a5+1jsjgrpyz

The cloud is you renting a remote computer that you pay for how much you use it. It’s freaking expensive. So yes we are right sizing some peoples

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Post ID: @a3+1jsjgrpyz

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