Thread regarding Wells Fargo & Co. layoffs

LS replacements

So we just heard that the cyber person we have worked with for years, someone who knows his stuff and the company very well is being replaced by someone with only a couple years of experience, someone who doesn't know the company and surprisingly is being hired into a higher level than the guy WF let go. How does this make sense?

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Post ID: @OP+1v66orG3

11 replies (most recent on top)

Cybersecurity top to bottom is the worst organization in the company. The management is unfit, hires the wrong people and knows little about cybersecurity. I used to work there till last year when the head of Cs after hearing a junior manager was misbehaving did nothing. Nothing.

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Post ID: @3qkw+1v66orG3

new guy is highly skilled with h1b.

That is how I was replaced. Can't sue if we are poor.

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Post ID: @1dub+1v66orG3

Just another scheme to tank morale. The executives actually want our domestic operations to fail. It makes it easier to justify replacing us all with contractors and foreigners regardless of the risks or cost.

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Post ID: @1pac+1v66orG3

Don't worry, your data is safe in India.

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Post ID: @dry+1v66orG3

Charlie views his job as crushing water from a stone.

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Post ID: @wjn+1v66orG3

Same in our area. They laid off the ONE long-term employee who could answer questions, or at minimum, point us in the right direction. Our manager is unavailable 90% of the time. We deal with a lot of risk, the systems are ancient, and It’s going to cost the bank a lot of money at some point.

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Post ID: @yuv+1v66orG3

Because the cloud is supposed to handle cybersecurity for the bank. The biggest selling point for the cloud is outsourcing many "expensive" IT roles to the cloud provider.

It's significantly more expensive by any other metric.

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Post ID: @qab+1v66orG3

As a fairly long time employee it annoys the he-l out of me when they hire people at high levels that don't know jack sh*t about the company, our systems or how/why things are they way they are. And they're not as skilled as their level would suggest.

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Post ID: @asz+1v66orG3

Probably because they were paying the other guy 120k and this new guy is only making 80k.

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Post ID: @wwy+1v66orG3

Let me guess, new guy is from Chase.

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Post ID: @pgi+1v66orG3

It's Wells Fargo, that's how it makes sense. Everything is in reverse.

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Post ID: @eqh+1v66orG3

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