it's happening... Controls, Technology...
They have been hiring about 8,000 people in India with execs and directors traveling to India and preparing teams there for months.
Looks like today is the day...
14 replies (most recent on top)
Charlie had fu&ked this place
yep, when there are no more jobs in the US because everyone is out of work and Wells has to open up branches in India to make money...... oh wait, we arent allowed to do that, Indian Banks are State Owned and we arent allowed to do business there. D-mb greedy cucks in this company, selling their souls to the devil....
I still have not received the email, can you re-send?
Post from TheLayoff.com
Wrong. See ladies and gents these people are uninformed trolls.
@pme+1o0aCT5k
"I still don't understand why we have a asset cap if BofA, US Bank, JPM all had the fake accounts opened too."
It actually goes back to 2008 when bad financial practices melted down the global economy and all the banks caused it but got off with no penalties at all. In fact most of the big banks got much bigger because so many other midsize and small banks went out of business.
The consequence? Nothing. Not a single bank was punished in any way for causing the 2008 global financial collapse and the public was livid for years. Wells Fargo had a minor but highly visible scandal and suddenly those years of bottled up angst and hate towards banks had a target: Wells Fargo. So WF had to bear the full weight of the hatred of banks going back to 2008.
ALL the big banks have been committing bad acts and all of them have been paying fines and penalties as a result. WF got hit the hardest though because it was the smallest of the 4 big banks, thus the government knew they could limit the impact to the country while earning public trust by ultra severely punishing the smallest of the big banks as a scapegoat for every bad practice of every bank's bad acts since 2008.
amped up India knowledge transition in front of US elections ..... change is coming (return to penalties for offshore resources) and WF wants the knowledge offshore for leverage
jesus christ management is so short sighted. What fu----g mo--ns
Do we know the deposits issue originated in India? Or is this just speculation?
please do the needful..
I still don't understand why we have a asset cap if BofA, US Bank, JPM all had the fake accounts opened too. Why do we have to lose our jobs for bad sales people from a decade ago, crazy.
They have been working on this India thing for MONTHS...
Are you kidding me?!? Did the c suite not watch the weekend news? If anything they need to claw jobs back to the US from India as a sign that they are taking quality systems development and security seriously. Get ready for more fines and egg on our faces...
The "leaders" view everything based on job title instead of the many different soft and hard skills needed along with talent in the areas of communication and knowledge.
2 month packages for anyone under 8 years at Wells. if you were here for 8 years or more you get 2 weeks per year..
They're setting the company up to crash and burn. It's foolish to move that much work offshore in a really short period of time. And think of all the intellectual capital they're throwing out the door. We have fines from shady behavior, deposits not showing up and god knows how many other issues are lurking.
But hey, just fire 1000's of people and move it to newly hired people in India. WCGW?