Thread regarding Wells Fargo & Co. layoffs

Senior Manager says its not outsourcing

When asked about outsourcing roles to foreign countries a senior manager became offended by the question and said it doesn't qualify as outsourcing because they're being hired at Wells Fargo...

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Post ID: @OP+1jvmsrzfg

13 replies (most recent on top)

Learning and Development has both WF employees based in India and are also using NIIT employees based in India.

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Post ID: @fj+1jvmsrzfg

I don't care what it's called, it su-ks and their work product is garbage. Ditto most domestic contractors as well. Want good product? Hire people that truly care. You don't get either from I or contractors.

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Post ID: @d5+1jvmsrzfg

What WF is doing is offshoring, not outsourcing

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Post ID: @bq+1jvmsrzfg

it is still a separate company. last I checked they aren't part of Wells Fargo na.

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Post ID: @aq+1jvmsrzfg

Typical manager missing the point and hiding behind semantics.

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Post ID: @am+1jvmsrzfg

Your manager has allegiance to India over the U.S.

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Post ID: @ak+1jvmsrzfg

If they are Wells Fargo-badged employees, it isn't outsourcing. Isn't that more accurately described as having a "global workforce"?

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Post ID: @aj+1jvmsrzfg

Ask them about tariffs. Seeing tariffs can be levied on goods and services coming into the US.
Also, instead of raising taxes on US employees, how about raising tariffs (taxes) on foreign employees. The bank and leadership are getting all the privileges of being a US based bank, and the gov is getting shorted by not getting the taxes on the US based employees.

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Post ID: @ag+1jvmsrzfg

Number of branches in India = 0

Cost of using Indian labor 25%

Gaslighting all your employees doing the real work = priceless

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Post ID: @af+1jvmsrzfg

There are plenty of other things you could call it, as well. The name doesn’t really matter. In theory finding people that can do the work at 1/4 of the price might lead to more efficiency as a financial ratio/metric. However, it does absolutely nothing for “efficiency“ in a classic sense. Things are decidedly not more efficient with “offsourcing”.

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Post ID: @ab+1jvmsrzfg

It's a script. Like they say it's "augmented staff", not a replacement for onshore workers. Got to make people write their job aids.

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Post ID: @a6+1jvmsrzfg

They are right. Outsourcing specifically means you take a function or services delivered internally and hire a 3rd party to take it over. Moving work to your own employees in another city or country is not outsourcing.

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Post ID: @a5+1jvmsrzfg

Well, that's true, rephrase the question to offshoring

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Post ID: @a2+1jvmsrzfg

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