Thread regarding Wells Fargo & Co. layoffs

Middle managers and above

These people are the lowest. In my line of business the good ones all quit leaving us with mo--ns who basically are getting paid to lay off people. They have no clue what anyone does. They're only skill set is being able to speak business jargon that sounds like they know what they are talking about, but it hides the fact they're mo--ns. Their only thought process is, how many lives do I need to ruin to get a bigger bonus.

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Post ID: @OP+1vP2KB03

15 replies (most recent on top)

Good old boys club. Lots of them still around from Stumpt era and still as dirty and corrupt as they were then. Cockroaches survived!

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Post ID: @3cul+1vP2KB03

So with all these good middle managers being let go and bad ones being promoted , why haven’t you become a middle manager?

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Post ID: @2kmi+1vP2KB03

The efficiency/layoff "program" has been in place for 2 1/2 years. Has the hierarchy diminished? Has the management become more "efficient"? Has the "efficiency" program been defined yet? RTO, Location Strategy, AI usage, Cloud Migration, and Offshoring objectives been defined and evaluated? Have KPIs been defined? Is job performance based on measurements?
Or are all of these coiling up like a Cobra waiting for the next crisis in which to strike? The management gets meaner and the good workers get laid off.

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Post ID: @2mwy+1vP2KB03

It's the level above directors that's the real source of BS we have to endure.

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Post ID: @2bmh+1vP2KB03

In Chicago, we have a classic case of a low-level risk manager who overestimates her importance and is totally out of touch. She points fingers at everyone else for mistakes, and somehow, people actually believe her.

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Post ID: @1ifx+1vP2KB03

@xks+1vP2KB03 "Complete failure is not far down the road" Next year? Does anyone evaluate the Indian code? Or is that all swept under the rug?
Are the deliverables getting any clearer? Or does the job of sweeping include dusting up the deliverables? Wells is quite the tar pit.

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Post ID: @1ytl+1vP2KB03

I know a lot of good middle managers. The problem comes from the top of the house and forces those in the middle to make the least bad decisions among a bunch of bad options. I know of some that tried to hold the high moral ground and were shown the door.

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Post ID: @1djm+1vP2KB03

@OP it's all going according to plan. This is how they want it, a revolving door of people paid bonuses to come here for 2-3 years to cut and then leave.

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Post ID: @1xhh+1vP2KB03

That’s corporate risk for you. Those clowns thrive on mediocracy. It’s all about sweeping $hit under the carpet and blaming rank and file. Management excels at dodging accountability.

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Post ID: @1nhv+1vP2KB03

Shadddup. I'm a greedy investor. I want to make money.

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Post ID: @1ebg+1vP2KB03

Middle managers are just as scared as everyone else. Don't blame them, blame Charlie Scharf and the greedy investors.

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Post ID: @1qll+1vP2KB03

definitely sounds like IRM

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Post ID: @ecr+1vP2KB03

So true. The good folks left and the on shore replacement Indians are the worst. All sense of how the business and tech should execute has evaporated. Now only broken code from India. Complete failure is not far down the road as teams rollover.

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Post ID: @xks+1vP2KB03

Ugh! The jargon person. Can’t stand them.

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Post ID: @dnl+1vP2KB03

Are you in IRM?

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Post ID: @agu+1vP2KB03

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