These layoffs, especially in tech are really f’ing things up. Someone I was working with recent former go and. Is that group has to scramble to replace him on work we were doing. Another person in a tech governance type role just disappeared (yesterday I guess). So now we’ll have to essentially start over on our third person from that org. We didn’t even know the last guy was gone.
Location strategy is flat out id--tic with respect to remote people.
@1jrc+1u7MZgUA No, there are truly id--tic decisions where those of us doing the work see the effects and implications. The decision makers are making decisions based on essentially a couple major goals-- reduce costs and improve efficiency ratio. That's largely it. Want to know how you cut expenses quickly and with minimal effort? You cut real estate, you cut people, you cut travel and you cut other expenses (except for nearly a billion in new data centers of course)
No exec is addressing how horribly inefficient we are. Way too many things in the company are about who you know b/c our systems are garbage and clear documentation is largely not in place. So then you get rid of people who know things and now nobody knows how or can actually do the things you need done.
Just wait until things start migrating to the new data centers and some things are actually moving to the cloud. It's going to be huge mess.
This is being felt on the operational side.. everything takes longer to resolve, tickets are closed before they are fully resolved, and the aptitude of quickly assessing and resolving the issue seems non -existent. All when the focus is efficiency.
If they would get rid of our partners in India it wouldn’t matter so much. But they are getting rid of people that actually know what they are doing.
There won't be very many American survivors, at all.
Every decision is id--tic when you are not the decision maker and you disagree with the decision. A line was drawn in the sand. That is all this is.
There are still good people out there and new ones will step up to fill the gaps. Yes we’re left with some empty potato sacks, but they will be filled and tossed out with the trash as well via the new stacked rankings.
If you can ride it out this is a setup for success for those who survive.
@byp+1u7MZgUA. Some days it feels like it and other days people I deal with seem to have had one.
OP here. That was a mess of a post. Stupid autocorrect and me being careless about posting.
Point was, two people I was working with closely are just gone and with them the knowledge they had about what we were doing.
They are laying off people who write the letters that go out to our customers and replacing them with offshore resources. How well do you think that’s going?
To me, it's more of letting the wrong people go. If they'd can the low performers, we could get through tye layoffs fairly easy. They are canning the high performers and leaving the garbage here
Part of this is why I don’t want to return to Wells Fargo. They are letting go too many people and teams are so understaffed and things are chaotic. Just not worth it.
Did you just have a stroke?