Thread regarding Wells Fargo & Co. layoffs

OP, I’m guessing you have a series of these claims and excuses planned until the day it actually happens. You’re a troll. You know nothing. The only truth is you’re a nobody admin and highly replaceable.

What would the training due date have to do with it?

The 8/21 date seems believable to me. I am a Compliance Manager. I had a person on leave and looked at the guidance to confirm I had 2 weeks to complete the mid year review upon the persons return. I got an out of the blue call from HR and was told to finish by yesterday. Also, got a prompt in a People Soft to sign off on my W4. A bunch of corporate compliance training was due on 8/21. When you connect these events together, a picture emerges, right?

@3ddj actually your ignorance is the one, waving a flag saying here I am. I’m on the frontlines with actual knowledge I work at 420 12th floor executive only. Which you are not one. We would never have 20 thousand lap tops sent back due to a lay off. You may be right we have had lap tops returned in large numbers but not 20,000 at once. DUH! Either you are a troll or a fool pick. Also I WAS directly on the call I know what he said and what I heard. Send him an email an ask. This is direct knowledge not a debate. You can choose to call me a liar that is cool with me but I heard with my own 2 ears Saul put the brakes on 20,000 lap tops being returned due to a lay off scheduled for 8/21/2020. Period. Debate what you want it was said.

@2bns - Careful your ignorance is showing. The simple fact is yes there are layoffs coming and no, the number in and of itself doesn't change returning laptops by fedex. it happens in large numbers all the time. You've just not been aware of it in the past. standard protocol.

Saul may have decided for this one there is a reason he wants to do it differently. That's not the same as saying "new laptops are sent by fedex and returns are not" as someone (you?) wrongly asserted below.

@1kjb you are correct we do when it’s 1 person terminated. NOT 20,000 employees in a mass lay off. This site and the above message from OP was about mass lay off not 1 loser like you getting let go. The problem with this site is tools like you grab at straws to look like you know what’s up but your not smart so see how easy it was for me to show your response was wrong. Mass lay off 20% employees we will not be using fed ex for their lap top returns duh.... Grow a brain and please apply at B of A you would fit right in there.

@1BGS - we have term'ed employees ship back laptops ALL THE TIME by fedex.

@1Iny you are not bright. We ship to new hires yes, we do not have terminated employees go into fed ex and ship back. Typical Wells l oser not using brain.

This is stupid. We ship laptops all the time via fedex.

@1ysy do you think that donating to a school is an original idea or one that has not been suggested a million and now 1 times? Again it is a risk a bank can not take. It would be the same as a government agency doing something like that. The risk can not be 100% mitigated and thus can not be taken. Even if one lap top doesn’t get fully erased it could cause a huge reputation risk a security risk etc. We are under a cap for not managing risk properly do you think the OCC who has us under that cap would think that giving away old work lap tops with customer identification is a smart move? It’s dumb people like you still at Wells causing us our jobs on 8/21.

@1yly A lot of people have more than one laptop. Due to my job functions, I have 3 laptops - 2 Windows & 1 Mac. And this is across my entire team of about 75 people. So, it is not unheard of that there would be more computers than people in CA.

I forgot to mention WF could donate them to school kids, too – they are in desperate need of laptops for remote learning and it would good PR.

If WF were smart, it would offer displaced employees deep discount on their laptops (wipe them clean remotely), thus no need to return.

The laptops are useless sitting in a warehouse or electronics heap, collecting dust and aging rapidly. Many of these laptops are excellent quality and WF could make some $$ by selling them at a discount.

This is hilariously incorrect. WF voluntarily has us working from home; as bankers, we are considered essential employees and could absolutely be in the office if the bank wanted to throw caution to the wind.

Also, why would there be more than twice the number of laptops as team members in California?

"How would they get fired for shipping of unencrypted laptop? Who would ever know in the first place, had I not tell them?"

Everything on your laptop is inventoried multiple times per day and tracked in an enterprise wide inventory system. There is a green little dot that would be red if the machine wasn't at 100% encrypted.

That flag is rolled up in compliance reports and looked at very closely along with MS security patches.

Ever had a system reimaged and magically had all your software installed? Thank that system for telling them what you had previously.

How would they get fired for shipping of unencrypted laptop? Who would ever know in the first place, had I not tell them? You assume there is accountability for equipment where there is a lack of accountability for everything else. Weird thinking.

What seems to work well is the infosec awareness program and telling people that things work well.

@xdh+16pWqsxs gave you an up vote cause you seem like the type of person who needs the validation. Cheers.

This is an incredible thread to read. A bunch of people who discount the provided information because of some spelling or grammar mistakes. You must be new to the internet. Believe me, it will get worse for you.

If someone posts the most insane b—s—, but spells and punctuates everything properly it will be believed. You all k–l me. Thanks for the laughs.... Go ahead and down vote this now.

Checkpoint FDE works, humans are always the weakest link in infosec.

Anyone who shipped out an unencrypted laptop would get a lot of heat, if not fired. I speak as someone who worked on the FDE team and investigated machines shipped out in such a state.

if WH could fake accounts, why not fake information security?

ya'll assuming WF advertised tools actually work and Infosec teams know what they're doing. What if this was a wrong assumption?

Laptops have CheckPoint full disk encryption that requires a password to unlock before the damn thing boots up.

there has to be more to this.

the laptop I got upon joining did not load the encryption software by default. I had to call Tech Connect to tell them that :)
So, there might be reasons there is a limited confidence in the deployed tools and processes ensuring their proper implementation.

Hummm

If any part of this is true, it doesn’t say much about WF security. If a laptop is lost in transit, the main risk is anything stored locally. You need credentials and a RSA token to get on the network, both of which should be disabled on the person’s last day. I thought there was technology that could be used to ban devices by MAC if all else failed. What’s more, management should know by role and system access whether someone had access to anything risky in the first place. Honestly, if the bank can’t figure out how to deal with equipment returns it really should tell customers something about keeping there money here.

On a related note: based on how I witness everything else being handled at Wells Fargo, especially system-related, I would not have full faith and confidence in our data security and encryption programs. Nor would I have faith in the training and follow-through of our employees regarding how to handle sensitive data. I see people all day everyday who share passwords and have them taped on their computer, etc.

The post was written by Borat. Fake news.

Thank you for posting this, OP. This is very useful. We love you, ignore those people that complains. They may just love to complain which has nothing to do with your post.

Thank you for posting this OP. This is 1000 times more useful than the flurry of complaining posts from back office/retail people.

Please downvote so we do not waste time on things like this

name dropping and fake news

OP is being ridiculous.

As mentioned all laptops are 100% encrypted.
Shipping a fully encrypted laptop to/from employees is standard practice.
The loss of the physical hardware is $1,000 but is a sunk cost.
Every laptop is associated with it's user, it would be very easy to identify who didn't return it and go after them, let alone stop their severance for non-compliance with equipment return.

There are no real logistical challenges to this. The configuration centers could probably receive all the laptops. Or WF could rent a secure warehouse and just leave them all there in boxes for a month or two. It's not like they'll instantly repurpose them. The odds are they all get wiped and disposed of anyway. They could reverse logistics the whole thing.

The OP sounds like they got fed false information to identify them, or are making stuff up.

My current boss at Wells Fargo can not stitch together a sentence either! That’s why we have Administrative Assistants. It doesn’t mean he doesn’t know what he’s talking about, it means he has ADD and is terrible when he is rushing or multi-tasking.

Nevertheless, going in to attack-mode doesn’t help any of us. We are all adults here. Let us each judge on our own whether a post rings true or not.

The poster cannot stitch a single proper sentence - the logical flow of the argument is shaky at best.

Ignore.

Folks:

• This is the internet, anyone can post - things written can and will be made up
• This post makes absolutely 0% sense
• Don't trust things that cannot be proven
• Scrutinize everything, especially anonymous posts

OP: thank you for your post. We do have to watch out for trolls and fake news on this board. But on the other hand, some people find joy in picking things apart to the point of exhaustion. Wish the naysayers would take it down a notch, or the end result might be employees not bothering to post helpful information they are hearing and experiencing. The purpose of this board is insight around layoffs. Employees might be experiencing different things based on their LOB and the part of the country they live in.

Doubtful.

I quit from Saul's org this year due to the "location strategy," and my management had me fed ex my laptop(s) and monitors back to the office, even though our admin staff were not in the office due to Covid closure. They still receive mail and packages, just like everyone. They have a lot of IT options in asking employees to erase drives before returning. They shouldn't be concerned about exposure on opening packages if they sit there for a while before opening. If they were smart, they could make it easier and cheaper by asking for just laptops back (like phones) and not bother with monitors, docking stations, etc.

Wouldn't surprise me if California had some wacky law complicating layoffs, though.

This post is a brilliant example of a "false because".
http://changingminds.org/disciplines/argument/fallacies/false_cause.htm

Used laptops have zero value except maybe in recycling. It gets thrown into a heap.

TXS- I think your focusing on the example that we can’t even dine out not the actual fact that backs up why it would be a bad idea then to have 20k employees come to downtown SF. It’s not just one county it’s the headquarters of the company this whole thread is about so yeah if this was small town 50k a year ST. Louis a different story then high paying SF.

@pem - You are right Fed ex is a no brainer as in you are not using your brain. As a new employee you wanted that lap top to get a check, but as a displaced employee your feelings will be different again causing a... RISK. The same word that has us under that cap. We don’t manage risk well. Which is obvious by all these dummies saying curbside lay offs, fed ex lay off. Oh and the fed ex again people with 10, 20, 30 years they have offices we can’t pack all that up and fed ex it there are legal liabilities. Think people this isn’t about dining out that was an example. Be smart or go work at b of a.

Leaving all the lockdown stuff aside, I fail to see how one lost laptop returned by FedEx is going to cost the company millions. The laptops have encrypted hard drives. For added security they could issue a remote direction to wipe all files from the hard drive except system files. If people have sensitive information stored on their computer that takes of it.

Delay means more wages for people. It also means longer period of uncertainty. If the head of IT thinks a lost laptop I’d gin get to cost millions then I’m really concerned with how he got to be head of IT.