Thread regarding Wells Fargo & Co. layoffs

Wells is an outdated Dinosaur but so are most banks....

With as many risk and control issues and consent orders that Wells has, it needs all the good talent it can get, but it severely limits its talent pool by excluding candidates not in 3 to 5 hubs. It's ignorant AF. Many other banks have roles open too, but since they're in the office and not in my state (near a major city and airport, just not a hub) then I don't apply to them. These roles have been open for 30+ days or more, longer.

So these banks would rather have unfilled roles and a lack of progress than an engaged, capable remote talent to do the work that they need to get done. Makes a lotta sense doesn't it!? Most people in banking aren't that bright anyways, it's usually egos and power and control over common sense and better judgment I've found. That's why so many have regulators on their azzes all the time for poor controls and risk management lapses and instead of running a bank serving customers and employees and growing revenues, they're answering and responding to regulators and often negotiating fines.

The entire industry is jacked up.

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Post ID: @OP+1lqoEin7

13 replies (most recent on top)

I see some of the "people don't want to work" crowd post here.

Unemployment is at a 50 year low, more people are working now than have at any time since we landed on the moon.

So please, tell us all again how no one wants to work anymore except you.

SMH.

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Post ID: @1imw+1lqoEin7

Yes, constant outsourcing and another new 85,000 H-1b visa each year

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Post ID: @1top+1lqoEin7

I'll follow up on this comment from @jsk+1lqoEin7 regarding jobs in India and the Philippines. Management is specifically directing any US FTE that quit to be replaced with offshore resources. Offshore resources that aren't capable of completing the work independently btw. If there are offshore resources in a similar role to your own, understand that the company is actively trying to replace you with this cheaper labor. And if it's like my team, you will be responsible for training your replacement.

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Post ID: @1cwp+1lqoEin7

People at wells are definitely not bright. I struggled there for several years before moving on to a much better opportunity and come back here on more challenging days to remind myself how good it was to get out. What got hammered home to me by a very good non-wells mentor is if you are constantly arguing with people in the room who are focused on anything but solving the immediate problem, you're in the wrong room. Wells has a cr-p ton of wrong rooms.

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Post ID: @1atj+1lqoEin7

@umv thinks it takes more than two minutes to walk downstairs and grab a package off the porch. You're whining that 1/240th of the workday being lost is a major economic drain.

You must be an MBA.

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Post ID: @tak+1lqoEin7

Risk Management jobs are a specialized skill set. And it is limiting, restricting hiring to hubs. Have you looked in Teamworks for these jobs? For every one in US, there are 10 in India and Phillippines. Again,expense reduction by eliminating US positions and pay 1/2 or less wages.

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Post ID: @jsk+1lqoEin7

Lazy is not at all related to remote. I am an rated exceeds for almost all my 12 years remote. Was an exceeds last year with RTO. I have rated people consistently exceeds who were remote and NI for people in the office and vice versa. In my time before RTO when most people were in the office it was the same problem. Unreachable and when you did it made you wish they did not reply.

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Post ID: @ted+1lqoEin7

@fli+1lqoEin7 Down vote this all you want but MANY people have this experience with remote coworkers. You, reader, may not be one of them but you can thank the lazy ones for a lot of your RTO headache now.

My guess is after they call everyone back, get rid of the defiant, they’ll swing back to a more moderate approach than they’re taking now. What’s that about a few bad apples spoiling the bunch?

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Post ID: @jtx+1lqoEin7

Which is why you leave the industry and become a consultant.

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Post ID: @kkv+1lqoEin7

@fli+1lqoEin7

No lie there! Gotta get my laundry done or grab my Amazon packages on company time ya know.

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Post ID: @umv+1lqoEin7

People remote are lazy as all fk. They aren't around for90% of the day. Just try and ping them for a chat, it's a worthless crew.

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Post ID: @fli+1lqoEin7

Open roles = growth

There is no incentive to close those open roles when you are telling investors that you need to hire more people because of growth in your sector. We all know those open roles are not going to get filled.

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Post ID: @pvs+1lqoEin7

We have "leaders" that are more concerned about our 19th century company logo sending the wrong message to consumers than they are about employing people in 19th century working conditions. FFS, it's the information age people, location couldn't be less relevant--presuming you care about costs, talent, besting rivals and all that crazy stuff.

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Post ID: @cva+1lqoEin7

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