I was recently laid off from Wells and like many others have kept in touch with my colleagues. The workload and expectations before I was cut was absurd. Then they cut about 20% more of the team and more planned next month. It’s now reached a point where if you want to actually meet your goals you’ll need to clock out and get some work done on your own time. Remember a few years back when they were opening fake accounts in order to meet those unrealistic goals (to avoid getting fired)? Yeah when you cut this deep, you set the stage for this kind of behavior that normally honest folks would only resort to out of desperation. It’s just a matter of time. Probably best to leave that asset cap in place.
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Stop trying to make "wellsfargoshitshow" happen. It's cringey watching you try to shoehorn it into everything.
I am sure they are getting the efficiencies they desire by the offshored India teams. The more work you do over here the more credit they will get over there. It is going to get a lot worse before it gets better -- if it ever will get better.
The greatest joy I have had over the past year is when several of my young mentees left. Like any recruits they admit to being fooled at first -- but fortunately they wised up to the Wellsfargoshitshow and have left.
I have been here 7+ years and only this year have I witnessed drooling over new interns. Young minds so (cost effective = cheap) eager to work!
From a LinkedIn poster: "I had a magical time at Wells Fargo’s 2024 Intern Induction Week at Disney World in Orlando!" While appreciating young people starting out in their careers, I can't help but want to scream to them SAVE AS MUCH AS YOU CAN so no employer will have you a nervous wreck in you 50's, when they are displacing seasoned employees!
When you get rid of and ignore the long time employees that have learned from past mistakes, this is the kind of S that happens.
Call it what it is - the Wellsfargoshitshow.
From experience, first they put in a hiring freeze which = not replacing people who leave, then they keep redistributing the work to the existing group of employees, hoping more will leave. Then when the dept is bare bones and struggling they start offshoring.
With how much cutting Charlie does I'd expect him to start doing po-n.