Thread regarding Wells Fargo & Co. layoffs

So this is the plan huh?

Aggressive location strategies followed by backfilling with Indian and Philippine team members? That’s Sharts big brain plan?

We finally start getting out of regulatory scrutiny and the guy plans on upending the families who did the leg work?

And what about congress? They can’t agree on anything but nearly unanimously vote to ban TikTok because it gives the Chinese government access to American data. Meanwhile these banks are literally offshoring jobs to India where foreigners have access to our names, addresses, social security number, account information among other sensitive data points?? What are we doing here??

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Post ID: @OP+1rw1aB6m

16 replies (most recent on top)

@2zor+1rw1aB6m you should be ok watching it thru the VPN. Even though its censored by the regime there, we as a company and country of USA uphold the right to freedom of expression and reject religious repression.

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Post ID: @2zdt+1rw1aB6m

Hey @2iyx+1rw1aB6m, We are Jay , Shree and Ram from the Whitefield , Bangalore office. We are unable to watch your video because this video is blocked in our country. I was wondering if I can use the WF VPN to by pass the block and watch the video? Or some one from the HY office post a summary of it. The video seems pretty interesting. Its being discussed all over Indian media here.

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Post ID: @2zor+1rw1aB6m

@amz+1rw1aB6m

Cutting costs eh? They could not waste a billion dollars on buildings we don't need (Hudson Yards and Dallas). How about that for cost savings? How about WFH, which would save tons of cash?

They didn't give an S about expenses. They want to get rid of us.

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Post ID: @1acj+1rw1aB6m

@ocb+1rw1aB6m OMG their govt is sending their agents to disrupt our liberty and we are sending all them our jobs and data ?

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Post ID: @fhb+1rw1aB6m

https://www.justice.gov/opa/media/1326501/dl?inline

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Post ID: @ocb+1rw1aB6m

@amz+1rw1aB6m

It’s Moot not Mute. Lol

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Post ID: @bkl+1rw1aB6m

very good points. but what else can we do, its just amazing that this is allowed to go on.

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Post ID: @uvx+1rw1aB6m

India risk and audit teams working with India technology teams. What could go wrong?

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Post ID: @cig+1rw1aB6m

Most open positions by state on WF jobs board today:

Karnataka (India) 308
California 276
Telangana (India) 273
North Carolina 244
Texas 175

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Post ID: @pkp+1rw1aB6m

We have been offshoring work and jobs for years. This babble about data etc is mute. The data is still stored in the US. You complain about the stock price and now that people are cutting costs to prop up the stock, because that cost is you , now are the complaints. Complaints about raises , bonuses etc. . People who are perceived as having a hand in all the regulatory issues are now being let go.

All this is just a continuation of the road we have built . There are greener pastures I am sure.

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Post ID: @amz+1rw1aB6m

The location strategy makes it clear that “the plan” is to also hire in the low COL hubs. Looking at the kind of posts made today, it looks like the firm is getting the quality of worker that comes at Des Moines prices.

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Post ID: @crk+1rw1aB6m

Neither the D’s or the R’s give two cents about the middle class

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Post ID: @zin+1rw1aB6m

I looked at the job postings and see new ones in India performing the same function as teams I know will be hammered by the location strategy.

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Post ID: @grv+1rw1aB6m

Just because he invents something in his mind? The teams in India are getting larger every day. Teams here are busy training them. What do you think the plan is? We've already been warned what to expect. Nobody is making anything up.

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Post ID: @xxz+1rw1aB6m

Just because you invent something in your mind does not make it “the plan” here in the real world

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Post ID: @bss+1rw1aB6m

welcome to American Capitalism. This was always the plan even before CS and all the consent orders. If our elected officials or media cared then they would cover it.

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Post ID: @shc+1rw1aB6m

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