Wells Fargo is freezing all India hiring indefinitely. Anyone know why? (Plausible responses please)
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No Plumbing, we cr-p on the railroad tracks
Must be regulatory OR window dressing to keep the new admin off our radar… it is a move in the right direction.
I frequently look at the number of job opening in India vs U.S. Two/three weeks ago there were 520 openings in India and that number was down from where it has been. Not that long ago there were 800+ job openings for India-based roles.
Today there are 190.
The toilets are overflowing.
We were told no new positions in I&P including open positions. Open offers will stilled be filled though. This is coming from finance and some folks are having to rerun expense models due to this pause. Enterprise wide and definitely smells like a government issue. Not sure there would be any other reason.
It’s not a freeze on ALL India hiring. An existing position that opens due to attrition can still be hired there. But no new positions can be added there. Yesterday APAC open positions on Teamworks was 476 and today down to 331. America total positions is 1309 so it remains to be seen if this has any meaningful impact other than just slowing new hiring across the company.
I agree with other posters that there is likely some deal being made with the government. With the current administration being all about us first (I state this with extreme bias as I DON’T see it), I have wondered if they were going to continue to allow US workers to be displaced and positions filled in the US and Philippines. Huge risk given support of money movement systems that are fragile and constantly being upgraded and inferior infrastructure to provide that support, particularly in India.
No financial US institution should be allowed to have such a large employee base outside of the US, especially in countries with fragile power grids and insecure internet capabilities.
Bull. They wouldn't still have 240 India postings on the Career site if there was a hiring freeze.
Some things must be done within XX days. They are not about to have a jam-up of applicants sitting and waiting.
If this results in the reshoring of American jobs, I'll reluctantly give the administration credit for doing at least one thing I agree with.
A corner of the net that no one here ever ventures into really lives rent free in your head. That little plan you had to sound edgy isn't ending the way you hoped.
Might be pressure from the White House (explicit or not) to follow their edict of "America First."
The plumbing is clogged
the biggest dupes in the world falling for another qan0n lol
I'm guessing the gov and HY is making a deal here. We lift the cap, you stop sending all your jobs overseas. Keep an eye on any announcements about the cap. Then we'll know.
True. No new hiring in Philippines either. No explanation given. Existing I&P positions that were open due to attrition can still be filled there but no new positions can be added. The freeze does not apply to domestic positions which means any new add to staff jobs are only going to be able to be posted to US. Also cannot deliberately eliminate a US position and replace in I&P. Maybe something legal is brewing behind the scenes. Was told this will be in place for all of 2025. And no, this is not an April Fools joke.
Completely false! We just lost 5 US data analysts and they were immediately replaced with Indians that are completely incompetent.
It's true. All open positions will be taken down. Seems to me somebody knows something is about to go down from the government
I have serious doubts.
Fake news!
Sounds like fake news … many jobs there in workaday