Thread regarding Wells Fargo & Co. layoffs

I'm totally open to 'agile', unfortunately what I've seen so far is more than 10x slower than the previous approach, so I'm not seeing any benefit. Not sure how change was managed in other parts of the company, maybe it is more efficient for some, not in my space.

What do you mean by "the people with deep knowledge"? Knowledge of what? Knowledge of all the intricate systems slapped together, often to handle a crisis. Was it mide correcting mode? All the disparate systems hastily designed and implemented -- with little risk assessment and testing done? Is that this "deep knowledge"? No wonder these "deep knowledge" people resisted agile (team knowledge) and the cloud. They are information brokers -- sometimes making the system much more complex than it needs to be. If Wells survives, executive management can look back at the last two decades of "deep knowledge" and realize they were fooled. Why was cutting those with DK for Agentic banking platforms was required for survival in the ever complex environment.

According to the CRO the company is on one of the greatest comebacks in history

@e2+1jvmp3xyt You couldn't even ask your little AI ghostwriter to make it look like you're not OP patting yourself on the back?

Look at those spammed upvotes on this post. The AI weirdo has such a fragile ego lol

THIS!

“…executives with limited knowledge of the big picture who are too focused on cost-cutting and do not have the deep complex understanding to prevent the increased risk. These execs are not experienced or well-rounded enough to effectively distinguish between waste and operational expenses and are therefore risking critical processes.

plus:

Outsourcing and offshoring the most critical work and data to countries and companies and people over which we have little control and oversight. Think security breaches, quality control issues, data theft, intellectual property issues, compliance and legal issues. Profits over security.

plus:

The aggressive elimination of experienced knowledgeable employees who can recognize a train wreck developing, possess the know-how to stop it before it snowballs and have the experience to mitigate the damage afterwards.”

Well said.

Don't understand the negative reactions. @OP is probably an astute risk management manager that has made some observations after seeing the failed agile transformation and cloud migration clusterf. WF has a tech development problem.
The interview between CS and David Faber showed me that CS was finally trying to understand tech. You need to listen to the full interview -- not just the cut piece on Teamworks. The next big thing that will be the new push is the "banking platform". I don't know much cause I have been long gone from this mess. But I think y'all should give BE/AV and skunkworks Columbus, OH a chance.

Getting rid of people with deep knowledge because they aren’t in a hub is very stupid. We get they are trying to prop up commercial real estate but are taking down the bank to do it. Oh wait, forgot, we’re better together. Hahahahaha

Hindsight will be 20/20 after it happens. Can’t wait to read the b-school cases.

Don’t forget about laying off all knowledgeable US workers & hiring incompetent employees overseas.

Designed that way. There will be a takeover.

Slipping in a weird little conservative dig in his Wells Fargo diatribe and then acting coy about it so he can pretend to be a reddit debater is classic Qt@rd.

Not if but when. However, rest assured C-suite folks are watching for the telltale signs very closely. The hands are on the ripcords. Waiting to time their final acrobatics in a perfectly coordinated manner.

‘No. Go ask your favorite chatbot whatever disingenuous questions you want.”

Oh okay. I can’t compete with your ignorance. Don’t want to.

"unwillingness of leaders to fund modernization"

Please explain your comment. What is "modernization" in your mind? What "staffing issues" are you referring to?

@an+1jvmp3xyt No. Go ask your favorite chatbot whatever disingenuous questions you want.

‘‘I didn't know there were people d-mb enough to buy Elon's harebrained propaganda about the FAA. That's genuinely sad.”

Please explain your comment. No one here mentioned Elon. What is your fact-based opinion on the current state of the FAA??

@ag+1jvmp3xyt A handful of misguided zoomers and an autistic conman forcing them to layoff overworked air traffic controllers didn't alleviate their staffing issues? Weird.

I didn't know there were people d-mb enough to buy Elon's harebrained propaganda about the FAA. That's genuinely sad.

Thanks to the power of AI word vomit, apocalyptic blowhards are no longer limited to inflicting their ramblings on you via hand painted signs on the street corner.

lol of course the paranoid AI enthusiast is parroting the justifications DOGE used to gut the FAA

@a9+1jvmp3xyt

You would have to read the news to understand the FAA inclusion. Failing outdated technology, unwillingness of leaders to fund modernization, and staffing issues. Yes Wells Fargo did hit problems back in 2016, but if you think this team isn’t setting the bank up for a whole new crisis- you have a lot to learn.

This is what AI has to say about you.
Not a troll, but more of a disillusioned insider venting in dramatic fashion.

Hope so! It’s inevitable…

You listed three example "companies" that are still alive and well. Weird to include FAA though.

We already hit our problems back in 2016.

The Black Plague, 9/11, Pearl Harbor...a website being down for a few hours.

This is a bit much.

It’s getting so bad even the crank posts are written by AI