Thread regarding Wells Fargo & Co. layoffs

OP, the good people left, or are leaving, the favorites or not great ones remain. Any hiring going on is either to pad teams or to make someone be the bottom of the stack rank list to protect their team. There is no cooperation in Ops Risk, so you'll stay at the bottom of the rank & will be treated with disdain & either forced to leave or laid off. Rinse, repeat.

I haven't seen many experienced managers in Ops Risk. The managers are mostly former single contributors that either got lucky as someone brought them over, like V.K in CCAR, or got a manager role to protect themselves from layoffs &/or make themselves slightly better than their peers. As a result, they don't know how to allocate work fairly, practice favoritism, don't have a pulse on who is really doing the work, and pretend to be busy to keep up the pretense of their jobs. They also don't take a stand on b----llying and ab----se. The troublemakers stay as people are too scared to stand up to them. I'd stay away from Ops Risk.

The operational risk team is a perfunctory role at the bank.

I am one of those people you might see twiddling my thumbs from time to time. It’s hard to look busy when you have little to do. For two years now I have asked my coworkers if they need help with anything they are working on and finding they are either in the same boat or are hoarding what they have. Also have told my manager and others within my area I have capacity repeatedly which seems to fall on deaf ears. It is especially frustrating when you hear how busy our group is and how much there is to do - a number of us just shake our heads because that’s not what we see.

Someone has to be at the bottom and near bottom of the bell curve. Is the 1.8% merit increase worth it to do the work of the over burdened person? Also, we dont give anything for retirement anymore, except the option to pay $3k/mo to keep health insurance.

I work in a department where work distribution is uneven. Some people are overburdened while others are just twiddling their thumbs. Management runs around saying they are short of staff and need more people. They get approval to hire more people and the uneven distribution of work continues. I think some managers have figured out if they yell about their teams being overworked they can keep hiring and avoid layoffs.

you sound jealous.

It is wasted energy to micro manage. Let the cards fall where they may. Focus on what you do best and where you are going.

Apart from Stress Testing. If that manager doesn't like you, you're not a "favorite" - you get managed out with Admin tasks. Her favorites are in non hub locations too.

@emd mirrors my experience as well. My biggest rival at work was the dude who milked OT by being so busy. He always had time to flirt with the big-chested women who worked on our floor, though.

Thought I was the laziest person on the planet since he "never saw" me working. I did the same amount of work as him, I just did it in 3 hours instead of 12.

If the make-up of the group is as old as you claim, then a fair amount of them may be close enough to retirement (and have accumulated enough severance/PTO weeks) that the net savings of letting them go before they voluntarily retire may not be enough to justify losing whatever value they actually provide. Maybe some of them are the people on here claiming to be praying for a displacement/package so they can retire a year or two early. Keep and mind that as long as the asset cap is still in place, reducing headcount in a group like that is probably a tough sell to regulators.

Why you worried about what they doing? Mind your business

Until the asset cap is lifted, risk is a protected class.

Thanks! I now know where to apply.

Maybe they are more efficient at their jobs than you are?! I find that most ppl who work 60 hrs a week are not that great at their trade.

Offices are where you go to get distracted. No work happens there.