Thread regarding Wells Fargo & Co. layoffs

Wells Fargo Risk and Compliance - What to expect on 8/25?

Thoughts

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| 4302 views | | 11 replies (last August 19, 2020) | Reply
Post ID: @OP+16vfvyEw

11 replies (most recent on top)

They’re not going to outsource supervision- the folks in India need their hands held waay too much. I had to train a group of them several years ago and we had to give them basically remedial English to even comprehend what the series 7 was about..they’re super nice, but seem to struggle with jobs that require a lot of independent analysis. Unless things have gotten better??

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Post ID: @1ped+16vfvyEw

There will be greater reliance on outsourcing to egs phillipines. The people there are licensed for a good part with 7;63;24; and have supervision from Missouri. Can cut out high paid person doing control or operation position. Lot of competitors already do this. No inside knowledge and basing opinion on studied observation.

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Post ID: @1zsj+16vfvyEw

Lions and tigers and bears, OH, MY!

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Post ID: @1uln+16vfvyEw

The new Chief Compliance Officer will clean house. They will get rid of the useless Deputy Compliance Officer (aka BACO) that Roemer selected when he went out on leave in February 2020. She is part of the old regime and there were/are numerous outstanding compliance issues when she was head of WIM Compliance. Time to get the gong show hook out and clean the deck. It was no surprise as to why she wasn’t selected as the interim Chief Compliance Officer. Bye-bye N.S.

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Post ID: @1tvs+16vfvyEw

@tyf I feel your pain! Although, these days they want a response within hours. Otherwise, we get pinged to death. Stop, drop and roll. Everybody’s hair is on fire!

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Post ID: @hgk+16vfvyEw

It’s going to be outsourced

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Post ID: @skg+16vfvyEw

On August 25th I’ll probably get 50 more emails from CS&O about things I need to drop everything to turn around in 3 days on top of my actual work. Maybe if I’m lucky I’ll also get a package.

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Post ID: @tyf+16vfvyEw

Well if the other posts have been any indication; I’ll go with bau..but seriously Folks you can’t worry about potential layoffs, none of us know the future. Do your best and either way, you’ll be ok!

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Post ID: @wgm+16vfvyEw

Go read the other 30 threads on it..

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Post ID: @trb+16vfvyEw

@vbk so, just another normal day then? Got it...

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Post ID: @zhe+16vfvyEw

Pandemonium, bedlam, and chaos.

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Post ID: @vbk+16vfvyEw

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