Thread regarding Wells Fargo & Co. layoffs

WF Tech + You = Good Riddance to Your Career

Nothing but tech mandates/tech refreshes, BS paperwork for changes, old cr-ppy apps with zero test automation, and terribly designed systems. Some of us have been here too long and now we’re not marketable because we’ve been working on old tech for several years. It’s no wonder SVB is leaving this mess.

Oh yeah, and RTO is a joke.

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Post ID: @OP+1mqjbEoh

7 replies (most recent on top)

@qvo+1mqjbEoh

If you're based in the US and making avg tech employee wages, you don't have the skills they are looking for.

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Post ID: @1xhf+1mqjbEoh

If you aren't marketable, that's on you for not staying current.

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Post ID: @qvo+1mqjbEoh

@kzh+1mqjbEoh Well said

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Post ID: @cbt+1mqjbEoh

Good points. Down vote the Tech is affected tag guy

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Post ID: @cak+1mqjbEoh

Manipulative Managers: The Costly Consequence of Prioritizing Power over Leadership in Tech Companies

It is concerning to observe a trend in this bank where skilled workers with technical expertise are leaving, being laid off or replaced by foreign workers. What is even more concerning is that the remaining managers often lack the skills and knowledge required to lead their teams effectively. In fact, the ability to manipulate and prioritize self-interest seems to be the main criteria for getting ahead in the tech department, rather than technical expertise, product design, or leadership skills.

This approach to leadership is detrimental to both employees and the bank as a whole. Manipulative managers misuse agile tools and micromanage their teams, leading to a lack of clear vision or direction. They prioritize their own interests over the long-term success of the company and the well-being of their employees This, in turn, leads to a loss of innovation and productivity, making it difficult for the bank to keep up with its competitors. Furthermore, employees may feel unsupported and undervalued, leading to low morale and high turnover rates.

As a result, many companies are left without a clear vision or direction, as these manipulative managers lack the technical knowledge and experience required to develop global architecture or design products effectively. Instead, they focus on maintaining their power and influence within the organization. They prioritize their own interests over the long-term success of the company and the well-being of their employees.

To address these issues issue, the bank needs to prioritize the training and development of its managers, especially in terms of technical skills and effective leadership. This training should be enforced, monitored, and managers should be certified. Additionally, the bank should prioritize hiring and retaining skilled technologists, providing them with the support and resources they need to succeed. By investing in their employees and developing effective leadership, companies can ensure long-term success and growth, rather than succumbing to the short-sighted interests of manipulative managers.

It is important to recognize that investing in employees and effective leadership is crucial for long-term success and growth

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Post ID: @kzh+1mqjbEoh

Good riddance to many positions at Wells Fargo. Mortgage is going away too

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Post ID: @pac+1mqjbEoh

In the past we at least were at least able to maintain the old apps quickly. This new “Agile” approach has added layers upon layers of cr*p and red tape. When it takes a month to move in a one or two line code change something is terribly wrong….

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Post ID: @rmm+1mqjbEoh

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