Thread regarding Wells Fargo & Co. layoffs

Why are there so many Managers here

They got me reporting to 2 managers, and fielding requests from the layer above them. Each of them wants to have a 1:1, each wants a status update, each is dead weight that gets in my way from being productive. They really need to do away with management and make those with the most knowledge just rise to the situation at hand. Such a waste of shareholder money. They also need to start firing these Indians who email 600 people for the smallest task they completed, only email people directly involved. The manager of these people should be fired.


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Post ID: @OP+1k40g2s0k

12 replies (most recent on top)

Managers are designated as one of the critical controls in managing risk,m. That’s a smart way to buy job security for yourself.

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Post ID: @r5+1k40g2s0k

Sounds like that scene in "Office Space" IFYKY

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Post ID: @kv+1k40g2s0k

Does Des Moines, Iowa still have the media team? Are those employees still there?

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Post ID: @k9+1k40g2s0k

Don't let me get in the way of some IC rage, but while there are certainly managers out there not doing much, most of us are swamped covering for the legions of managers that have been downsized due to 'spans and layers', 'efficiency', 'location strategy' and people getting 'managed out'. Every time someone goes, our workload gets worse, and a lot of people have been let go. This isn't ICs vs managers, it's executives vs everyone else.

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Post ID: @g9+1k40g2s0k

In principal management should act as a coach to improve performance. Does that happen, rarely, most the management has no skills or talent to pass on, they just get in the way of the worker bees and create optics for their manager. 3-5 layers higher than bottom floor they hire external management who are clueless beyond seeing decks their directs supply and live in a ppt bubble. After 1-3 years they run off, creating a structure that's a mess and they don't have to live with their poor decisions. They need to do away with the idea of management all together.

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Post ID: @eq+1k40g2s0k

Hudson Yards must be filled so they need to hit quota for high cost managers.

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Post ID: @cx+1k40g2s0k

They have worker bees tracking our time, every minute. How about track the manager's time. what the !@#$ do they do all day exactly!? NOTHING. Waste of money while they displacement the people who actually do work.

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Post ID: @cs+1k40g2s0k

I noticed there are significantly more managers and layers of management here than Chase, clearly contributing to our high expense ratios.

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Post ID: @bx+1k40g2s0k

Sounds like you work in COSO!

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Post ID: @bj+1k40g2s0k

You're an anomaly. It's not that common like you're making it out to be.

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Post ID: @bb+1k40g2s0k

“Managers”

FTFY.

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Post ID: @af+1k40g2s0k

@OP https://www.thelayoff.com/t/1k2gqcqsx

Same at Nokia.

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Post ID: @a4+1k40g2s0k

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