Maybe instead of cutting costs and shipping everything to India.
Grow the business, grow the product offerings, increase the customer experience.
Shipping your laundry overseas only will work for so long.
Then it will be culling time.
12 replies (most recent on top)
Don't be a hater, that's one of the better ways to avoid the stupidity that is RTO.
Manage the 3rd largest controllable expense-T&E!! People are traveling to be traveling, to avoid being in the office!
He needs to get the asset cap removed. That should be priority number one.
How can he “grow the business” under an asset cap? It’s a serious question that I would love to hear the answer to
Post ID: @1wqa+1pW7IVlq
Yep…as a token gesture to quell the US noise about US jobs being replaced by India. Oh, and you can bet any layoffs offshore will be in the Philippines as India is considered the golden child (regardless of India’s naughty employee deeds)
RCSa, Asset Cap, constant fines
A little birdie told me parts of India will be hit as well next year.
He needs to let go of at least 1,000 employees too many people getting paid to do nothing
This company and its managers blame the "asset cap" for not being able to grow the company. This has been a good excuse as Wells becomes less and less efficient, reduces its product offerings (Heloc for instance), and fails at most of its technology efforts. Offshoring will not make Wells more efficient. It's another endeavor (like going agile, and "going to the cloud") that will fail.
Wells left the customer long ago by reacting to the scandals. Replacing the stagecoach with the rickshaw will not cure the problems. Instead of buying back stock Wells is reserving its money for layoff's severance.
@fcz+1pW7IVlq Not sure, our products are sh-t and outdated. Please.
Hard to grow the business with the asset cap
Should we change the company name to make it sound more Indian?