Thread regarding Wells Fargo & Co. layoffs

2025 goals for CS

Let us try to draft some nice goals for CS-

Cut headcount 20k(10%) by end of year
Sell off non core commercial real estate
Fund stock repurchases increasing by 20%
Drive up credit card balances to historical highs stimulating economy
Let AI replace disposable tech engineers
Return to office 5 days a week
Metric based goals for everybody and low 20% eliminated
Every executive should be required to meet people survey rating of 80% or more to stay in their role
Exit risky non core businesses and reduce exposures
Get asset cap lifted

What is missing here? Feel free to add your wishlist

Let us get it added is in workday!

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| 943 views | | 10 replies (last January 17, 2025) | Reply
Post ID: @OP+1jhpvj46m

10 replies (most recent on top)

@c8 come back when you can write without relying on fake "intelligence".

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Post ID: @dn+1jhpvj46m

Start merger with Chase.

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Post ID: @df+1jhpvj46m

@c4 Not so fast. I saw some of the future admin in this Grok response: "policy like possibly universal basic income." Google "elon musk" "universal basic income" -- UBI. Will UBI be Elon's and Vivek's next big thing after Doge? These are interesting times. Maybe I will ask Grok your concern. "Greed and lust for power will ensure that will never happen with the current state of the USA." I basically started by prompting Grok, comparing Satya Nadella to the McKinsey article post, and then what I feel is wrong with IT at this bank It gave me steps, actionable detail steps etc. I even posted your message. AI will soon manage us. Maybe that is why this post will be down voted by the former managers. We will need to make sure AI won't bully us like my former Wells Fargo managers did.

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Post ID: @c8+1jhpvj46m

His only goal for 2025 is to eat S, F off, and pull the ripcord to GTFO of here.

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Post ID: @c5+1jhpvj46m

@c3 if memory serves me correctly, the party that was pushing that kind of thinking lost in the November elections.

I love every idea you proposed, but let's be honest. Greed and lust for power will ensure that will never happen with the current state of the USA.

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Post ID: @c4+1jhpvj46m

@bq ok. The concern about AI leading to massive unemployment and wealth concentration is valid. Ethically, we must ensure AI benefits society broadly, not just a few. This involves education for new job sectors, policy like possibly universal basic income, encouraging new industries, corporate responsibility to share AI benefits, and fostering a wider base of AI innovation. The goal is a balanced economy where technology advances don't exacerbate inequality but instead promote inclusivity and opportunity for all."

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Post ID: @c3+1jhpvj46m

@b6 One has to wonder how the American economy will function with nobody working and only a couple thousand American's "making money" off the people who those couple thousand refuse to employ.

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Post ID: @bq+1jhpvj46m

Transform and rewire the bank's complex process systems and clunky workflows, written on top of multiple data silos (mide, mode, phoenix, service now, etc) into a system that has been reimagined. This new system will comprise a service-oriented API with AI-driven multiagent systems. Well's SaaS (software as a service) is dead. Applications written to add, update, retrieve, and delete data from a database are dead (long live CRUD!). AI Grok prompt "has Satya Nadella talked about agentic AI" The CEO is pushing agentic AI. As I mentioned on this board several times before the bank's management consultant's has laid our a roadmap for doing this in their posted "Extracting value from AI in banking: Rewiring the enterprise" article. Now there is Charlie sitting on the M$ft board and McKinsey advisors. The roadmap is there. Who and where the roadmap is followed is another discussion.

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Post ID: @b6+1jhpvj46m

Base pay 3mil total comp is 10x- board wants him to be aggressive in driving efficiencies

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Post ID: @a8+1jhpvj46m

Get fired.

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Post ID: @a6+1jhpvj46m

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