Thread regarding Wells Fargo & Co. layoffs

They have way to many managers here

Is it just me or do most the managers here have fake meetings setup for most the day so people can't get a hold of them. They create BS meetings with no goal, agenda or purpose with any value. Let's have a meeting to discuss the meetings we should have weekly and monthly. Most these managers are technically skill less outside of PPT and doc review. Charlie could layoff about 40% of management no problem, and without all the bloat things could move much faster. Not only is management expensive but they're the rock in the gears slowing down performance.

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Post ID: @OP+1jy1qapep

11 replies (most recent on top)

The bad ones stay, the good ones are bullied, pushed out, shaken out or leave.

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Post ID: @jz+1jy1qapep

Funny part is, the short term numbers aren't shining. We've downsized almost 100k Americans since the merger. Where's the cost savings?

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Post ID: @jn+1jy1qapep

American WF Executives - Before you greenlight the next round of offshoring or approve yet another replacement of an American worker with an H-1B hire, ask yourself: What exactly are we building here? Yes, the short-term numbers will shine. Some of you might even get that “visionary leader” shoutout on your next all-hands. But what happens down the line? What are the kids growing up in this country supposed to do — flip burgers, livestream product unboxings, or manage vending machines with AI dashboards?

Here’s the reality: you’re not just saving costs — you’re likely helping with consolidation of power in the hands of H-1B managers who are playing a long game. Every displaced American job is an opportunity to insert another H-1B hire or ship work to offshore teams that report only to them. Some of these h1-b managers aren’t just filling roles — they may be building their own self-sustaining empires. And while you’re busy celebrating “global collaboration,” offshore teams are already withholding project knowledge, skipping real knowledge transfers, and tactically guarding access. The kicker? Their H-1B managers may tacitly be condoning this behavior. After all, strategic opacity ensures dependency — and dependency ensures job security for them and their handpicked pipeline of replacements.

But sure, let’s call it “efficiency.” What could possibly go wrong?

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Post ID: @gm+1jy1qapep

Typical effort: 50/50 split of IC's doing work and various managers with competing agendas sc--wing things up at every turn. I'd get so much more done if I wasn't expected to please every little whim of the 50 managers I have to work with.

I don't necessarily blame the managers; it's very much a symptom of dysfunction and lousy culture coming from bad leadership. Most managers are stuck in the same trashy heap the rest of us are.

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Post ID: @fj+1jy1qapep

When I was an IC I used to think like you do OP. You have no idea how much BS management shields you from, but it's a constant stream that rolls down hill from the op committee and a large portion of the managers time is motivating the impact of that stupid S, or providing the response so you don't have to. You're welcome.

As far as downsizing managers goes, what exactly do you think happens when 10-12k ICs are downsized every year? That's right, now the company "needs" a lot fewer managers, so they downsize them too. In some LOBs it's managers that go first and ICs only get downsized if the entire operation is being outsourced. You need to understand what's happening here. It's not ICs vs management, it's HY vs everyone else. We're all in the same boat and Shart wants us ALL gone.

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Post ID: @bx+1jy1qapep

We really don't have "managers",but developers and architects that wanted more money. Real managers know how to manage.

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Post ID: @b0+1jy1qapep

Slows down your performance while they are exceeding in the algorithm for their own productivity. Sounds like they are winning.

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Post ID: @az+1jy1qapep

Indian managers

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Post ID: @ax+1jy1qapep

I heard from management we have too many employees.

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Post ID: @am+1jy1qapep

That's like every company.

And, uh, Wells Fargo blows.

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Post ID: @af+1jy1qapep

Noted, thank you.

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Post ID: @a1+1jy1qapep

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