I was on a call today with the VDI (virtual desktops) team. Apparently they have engaged Microsoft and other vendors to build out a new environment to support up to 50k users in "the Asia Pacific region". How much longer before the U.S. is removed from U.S. Bank?
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@c3 you think this administration which is already cozying up with Russia and China give a ratzazz if jobs are offshored?
@dw unless we purchase another FI - which isn't happening, no. IDK where you're getting this idea.
GK has made it clear she wants to get to a trillion. She's not letting that happen under another bank's name in a merger.
Guys, Read the writing on the wall…….a “merger” is incoming.
@c3 there's a very concentrated effort to make it so that most, if not all, functions a teller of banker can do can be done virtually. So I wouldn't be so sure we'll always need tellers and bankers. They already try to push employees to bank with us regardless of their physical location.
@c2 there will always be a US footprint, can't offshore the tellers and bankers. Pretty much the entire back office and customer support function can be moved overseas though. Look at JPM and C for "inspiration". Too bad the OCC and the Fed don't have any ba--s otherwise they would stop this nonsense in the name of protecting the financial stability of the country. What if India decides to cozy up with Russia and China more?
@bc a part of me genuinely does wonder if this is also add to staff and not only transferring jobs. It's had to imagine 50k over there and 20k over here. I work with offshore all the time and it is not a good business model. It's slow and totally ineffective.
I'm not for this by any means and think it's garbage and I hate it here. But with the charge towards more assets I feel like this is also an expansion.
@bz someone missed the sarcasm
We already have lots of remote users in India already with sh---y DSL connections that drop out all the time. We also have a lot of remote contractors in the USA. Somehow someway they can collaborate just fine but US employees are only capable of working in office.
TREASON
Yea, as long as all 50,000 USBank India employees are in office and not remote, I am okay with this. Everyone must be in same hub to collaborate or else there’s no work done
Wow that's much worse than I had anticipated. I guess I never realized they intended to ship most of the company there. Looks like 2027 is shaping-up to be one he-l of a sh-t show. So sad what these people are doing & have done to our company.
I am ok with it as long as nobody gets to work from home.
Otherwise how could they possibly collaborate. The technology just doesn't exist to communicate with each other unless you are in an office.