Thread regarding Wells Fargo & Co. layoffs

Imagine the savings if they cut 50% of the managers

Most of them are well into the six figure range and directly responsible for the so called "inefficiencies" we're subjected to on a daily basis given the constant shifting priorities and wasteful work. They clearly don't have the competance to proactively generate a handful of strategic, meaningful initiatives that we can laser focus on. Instead it's some new half-baked flavor of the week we have to suddenly divert attention to and no one can get any quality work done while the bank tries to "transform". This just gets worse by the year as the bureaucracy snowball gets bigger with fewer competent employees and less time to complete the work, let alone with any real quality.

I'm so tired of these senior managers pontificating about things they do not understand and then treating us like scapegoats when things go awry. They are quick to shift the blame of their failed agendas to those of us carrying the burden of trying to meet their ever-changing demands.

If you want to save more money, Charlie, then look at your senior leaders for cost cutting opportunity. Imagine the savings we'd get from both the salaries plus the reduction of waste these fools are generating on a daily basis. You've had 5 years and it seems like things just continue to get objectively worse. And on that front, how long can you justfiy your 30 million per year?

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Post ID: @OP+1urXXyGE

10 replies (most recent on top)

The best part is how many people it requires on a call or an email to actually get any work done. No one knows what they are doing anymore and most people spend their days figuring out how they can blame another group within the bank for something! The managers can’t make any true decisions and aren’t close enough to the work to understand how to actually do it.

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Post ID: @4nuy+1urXXyGE

@2zgu+1urXXyGE just curious. You say "middlemen who don’t code but sits between developer and requirement owner". Are these the scrum masters and other w-agile facilitators? Is agile being laid off at Wells?

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Post ID: @3kai+1urXXyGE

Technology does not need middle layers as there is no value added in the-middle (tech manager senior .manager). also there is no value added by middlemen who don’t code but sits between developer and requirement owner or product owner..these layers are aggressively cut silently in the last one year and this has nothing to do with location.

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Post ID: @2zgu+1urXXyGE

My manager doesnt do anything. Once in a while he will forward an email from his manager that doesnt do anything either. He has never made a decision. It is all ‘upper management wants us to do this’ Mainly his job is PTO approver. He just wants to hide and collect his salary. He didnt even have the guts to layoff a coworker in person.

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Post ID: @1mqx+1urXXyGE

We have directors in our area that haven’t been seen since July! They have been told they are being let go months ago but are still being paid. The waste is terrible and it’s a shame that not everyone gets that luxury of such a nice runway to look for something g else.

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Post ID: @1ylg+1urXXyGE

Movies and favorite TV shows cracking witty jokes while talking out both sides of their mouth.

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Post ID: @1jlf+1urXXyGE

The first sensible post in over 3 weeks!

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Post ID: @1fky+1urXXyGE

Managers and directors don't make decisions anymore OP, everything relevant is decided by the executives. Your ire is misplaced.

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Post ID: @1uqk+1urXXyGE

How much would we save if we fire Charlie and call the CEO position a voluntary one? Like 23 million? For the record, all US CEOs used to have higher yet normal salaries. Why have we allowed this nonsense as stock holders?

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Post ID: @haz+1urXXyGE

Exactly! They mostly sit on calls and their conversation are typically about what shows they're watching.

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Post ID: @ihn+1urXXyGE

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