Thread regarding Wells Fargo & Co. layoffs

Results of layoffs

I am dealing with new people at WF who replaced really, really good employees in the last year. The displaced folks were told "we're upgrading the position, many will be retained " but then WF got rid of almost all of them in their position. People with 20+ years experience. It's crazy how bad these new people are. After 6 months they're still learning the absolute basics of their jobs. They don't even understand stuff they can easily find on Teamworks.

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Post ID: @OP+1jt1a3wvg

7 replies (most recent on top)

You work in NL’s group?

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Post ID: @10e+1jt1a3wvg

@a7+1jt1a3wv

Could say the same thing about employees and execs that aren't in Hudson Yards. Need to get rid of those hacks in the name of "efficiency".

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Post ID: @b8+1jt1a3wvg

The onboarding at WF was the worst of 10+ employers I had in my career. One of the objectives of getting ServiceNow was to build an onboarding workflow. Has this been done? 2 years is ridiculous. If only it were documented.....

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Post ID: @ap+1jt1a3wvg

As someone who has over 20 years in enterprise-level WF job roles, it typically takes a person 2 years to comprehend the scope of what goes on here. Complaining about newbs still being horrible after 6 months is rather unreasonable imo.

The joke, of course, is that these new/young people plan to leave before getting to that 2-year point since there is no incentive to be loyal to a corporation.

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Post ID: @ac+1jt1a3wvg

They are hoping lower skill plus AI will compensate.

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Post ID: @a9+1jt1a3wvg

They are cheaper. End of story. And some of them will probably be good or at least acceptably competent in a few years time.

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Post ID: @a7+1jt1a3wvg

Don’t care. KPIs are target number of roles migrated to India. Period.

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Post ID: @a4+1jt1a3wvg

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