To those that are trolls move on. I started to post this as a reply but think its far too important so I made it a separate post. To those that have been sincere in posting real info thank you. For what its worth here is all the info I can offer to remove some of the mystery.
First, there is a certain dollar amount of cuts that must happen by an organization. The dollars can be found in both cutting positions entirely and moving some to offshore. The total amount varies by org and is determined by the Head of area of business along with EVP. Its a large number so a lot has to happen. While accomplishing this we must also collapse the span of control to 7 to 1. . So first we eliminate the low performers and those we simply can do without. Then we evaluate what managers from the top down that do not meet the spans of control. The eliminated managers are then added to the ‘savings pile’. Think of the implications when this happens from the top down versus the bottom up. Each manager will take care of themselves first or risk being eliminated. As each manager up top pulls managers up from their org because a lower manger was eliminated, they pull up from their org and this pattern goes all the way down. So while middle managers will feel it, it will be lower managers of managers that will feel it the hardest in the first phase.
Then we look at the individual contributors that need or can be reduced (actually the very first step) . To offset the cuts at the individual contributor level for each US job as that is placed in Manila, you get two in head count back. For each Job you place in India you get three (tells you a little what they think in just that and that not flattering )Managers are given four columns of what duties and items can be moved and then what needs approval and finally what can not be moved. this is even less flattering to India when we look at what WF is willing to move and what we are not) So if a manager move one US head to India, I get three there. Now, lets say the actual work can be done is really 2 heads. I could still eliminate one US Job and that money goes to the total ‘savings pile’ of the org that the EVP must hit. . If that same job was really just a one person job, I get to eliminate two jobs on my team because of the heads I get in India and eventually I can hit the magical number for the org. I know this might be confusing, I’m sorry. .
My first notices will go out the 25th as others have reported on this board. Some of my team will be eliminated, with another 20% being moved off shore. There is a lot of garbage on this board some real.
As the vacuums are created and then filled by pulling up others, more teams are expected to do the same in phases. There is a group that is dedicated to only moving teams from Wells to offshore GSPO, just look them up. They facilitate all of the moves. If they schedule with you, you know what’s happening. You review a planning sheet with them but reality is many of the positions were long identified as ‘eliminated’ long before. The planning for this started in May. . The ‘planning sheet’ does take into effect the training that has to happen for your new team members in India. So in some cases if the training is several months for more technical positions,the phase of cuts are delayed only by that amount. The TM’s may not be informed they are training their own replacements but it should be obvious. The same sheets contain salaries of the TMs being moved or cut so that the total number of dollars saved can be hit by the organization higher level committee level members. My first easy ‘cuts’ are August 25th with rolling cuts there after in September and October rolling up and down the org. Then the next waves begin in the first part of the new year. These will be the most painful.
This leads me to that there is not be some large D-day scenario that many have spoken of, just waves of constant cuts. I dont see it and can only speak for my org (Iowa) I know this is happening all over. We are talking about an organization the size of a small city so maybe its a blend of both and more people are right than it appears.
Before the trolls begin, I posted this so some might have insight as to what is happening in some areas of the company. There is no ill will towards anyone or even the company. It had to be done. I have not heard total numbers because it is being driven by dollars per org not heads. I am sure the folks in finance have calculated good guesses though.
I am safe and will hit 15 years soon. For me, what we have become and what we have evolved to is sad and could have been avoided. Some of my team members have been with me for many years and this is sad. Had we been diligent and asked for only the heads we needed long ago, this partly could have been avoided. As an company we are fat, out of shape and political. It should have never gotten to this. Either way, the stage coach is a shadow of its former self. and now we will pay for it in stock price, bonus reductions, and RIF. Atlas has shrugged.