Wells Fargo India is a smoke screen to hide old broken processes that we committed to fix but didnt. No one in India has a clue what they are working on. India management is under investigation for embezzlement and frauds. And no one in United States of America has a clue. Scott has hired 50,000 people in India so he can blame them when the scams comes out and fire a few heads to pretend serious action is being taken. OCC has just caught on to the mess in fun crime. If only they looked into what India is doing they will find many many more fun crimes.
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Nearly 4,000 were fired over the healthcare benefits fraud alone. There are at least two other widespread employee events, so not sure of those numbers.
I can assure you it was nowhere near 4000 people terminated. When they realized the gravity of how many people would need to be terminated for fraud, they started just writing them up with a Stern Warning. Which pi---d me off because I saw employees in the US terminated for far less.
India just creates MORE work for all of us. They aren’t actually taking any of the real work away from the people stateside. This isn’t a functional work model anymore and the extra work to explain something to an India resource who knows nothing about nothing, is absurd.
The benefits fraud is something like 2700 termed or resigned and the case isn’t closed yet. The other one I am aware of is around 300 termed or resigned.
"it wasnt in the news because the scale is nowhere near what some of these jokers are talking about" I heard from someone who would know that the first wave from the healthcare fraud was several hundred.
@2wlx+1uulYIRC it wasnt in the news because the scale is nowhere near what some of these jokers are talking about
Why does none of this end up in the news? Or on a regulator desk?
The company does have some experience (expertise?) sweeping fraud under the rug and then firing the most subordinate as we went along. Just sayin’.
@2iyu+1uulYIRC False, again not even close. Isn’t it fun to just make stuff up to fit your narrative?
Nearly 4,000 were fired over the healthcare benefits fraud alone. There are at least two other widespread employee events, so not sure of those numbers.
@1wxl+1uulYIRC Not even close to true nowhere near 6k. You may be counting normal attrition or you have no idea how to interpret the “numbers you see”
SP sells out his country to lime his pockets, and Shart gladly supports and pays. Their playbook consists of 1 play. Offshore. Only a matter of time till the scandal breaks. If it happens anywhere, it’s at wf. Like the only place an employee dies at their desk and is left there for 4 days. Welcome to wf folks
Hmmm, let's see how many executives have now booked & will announce their visits to India now through end of year. Things are so effing sketch validation process has changed when you call into tech support.
Not BS…
Widespread employee misconduct events (benefits, i.e. healthcare, stealing Develop You answers, broadband, fake interviews) that have been investigated by conduct management. I think the six thousand figure is close. Some of these investigations are over, others seem close.
Couldn't you just see SP run someone over with his car, and then just drive away, nervously checking the rear view every few seconds?
What’s the source here or just BS? I am not saying it cannot happen, i am actually waiting for something big sh-t scandal to come out of India that makes major international headline so that they might think before offshoring jobs abroad. I closed my accounts at Wf and actually bank with local credit unions.
By my count something like 6,000 have been fired since late last year. I see the numbers folks.
@qia+1uulYIRC What’s even more funnier is that Wells only have an ‘American side’ of the business that I&P supports…
Well, he's a total POS, so is this really a surprise to anyone? Worst employee in the company, by far. When he finally goes away I'm popping champagne. FSP.
Given the culture full of these swindlers, how the he77 is outsourcing these roles not a huge compliance risk ?
This should alarm the c suite and regulators to end this massive offshoring shift.
Yes, thousands have been fired in India for various fraud, misconduct. Healthcare, broadband, fake interviews, etc.
Internal fraud relating to expense reimbursement, inflating hours work for hourly employees. Management will not want to broadcast this information but individual teams are dealing with this problem.
Funny that the OCC has issues with the American side of the business…..
no surprise.
Proof?
Source?