Thread regarding Wells Fargo & Co. layoffs

Gaffe in a SVB 2-down AMA.

There was an AMA for one of Saul's 2-down reports and the person unintentionally let the cat out of the bag.

When asked if the goal of a horizontal approach to outcomes was the standardization of practices, the response was essentially they don't care about having everything on the same page as long as they know what page they're on, they're efficient, and they work.

There you have it. They don't want to fix anything, they just want to cut us into shape.

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| 4561 views | | 17 replies (last November 21, 2020) | Reply
Post ID: @OP+180e5Oyx

17 replies (most recent on top)

What we’re saying is: the way WFC runs from an IT and Corp Tech perspective, being entangled with a spider web of impossible and many times conflicting processes and directives, it is a miracle that we’re able to log into the network every day. Completely mind blowing knowing the maze of sht needed to navigate to produce any real value, that simply logging in seems like a miracle replicated hundreds of thousands of time every day.

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Post ID: @2yaz+180e5Oyx

What is a horizontal team?

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Post ID: @1arv+180e5Oyx

Some people making some excellent points in the last few posts.

From where I'm sitting, it appears Wells leadership is making changes (I'm in IT) based on how they'd like the world to be, and not how it actually is.

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Post ID: @1bqv+180e5Oyx

@1ftt+180e5Oyx

What you said makes sense and I agree. That's not what I was saying. If you're making drastic changes to the organizations you have to sort out what things change and what don't. There will surely be more org changes and things need to get sorted out over time. Without hearing what was said, it's a bit tough to understand context. Heck, just this week I've run into situations where we were working with a team and the manager was laid off. That pretty much threw that person's direct reports into confusion on what they're going to do now.

Bottom line is the orgs can only handle so much change and you don't want to break anything that works. Saul's DR's and 2 downs already have a c-ap done going on with more stuff being thrown on the pile of work to do beyond actually developing and supporting systems. App health, CI/CD, api, resiliency, app decom, cloud, auto testing, etc. etc. And that's while throwing a monkey wrench into the org by cutting head count.

I honestly am concerned there will be too much change they're trying to implement.

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Post ID: @1fqm+180e5Oyx

@1rbo+180e5Oyx that doesn't really make sense. I'm on a horizontal team that's essentially figuring out the overlap in three identical groups and seeing what aligns for streamlining.

The meeting series is obviously for two goals:

  1. find out where teams have overlap (downsizing, reassigning)
  2. find out what role this group can be pigeonholed into (enterprise thinking)

In this weeks call alone there were three different people (1 per business group) complaining about how the teams that are using us to implement their changes are all not only ignoring established procedures but in the other business units, people are basically ignoring standard risk management practices and effectively ignoring the proper way to do things without repercussion.

These are significant risks, but we're not worried about them because they can be made cheaper?

You've got to be kidding.

  • @OP
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Post ID: @1ftt+180e5Oyx

@1ick
No one said anything about not asking questions, but ask questions that make sense.

The question quoted is nothing but bs for the appearance of looking smart.

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Post ID: @1wsm+180e5Oyx

How was it a gaffe? You don't turn a freighter on a dime. It'll take time to sort out what processess and other things need to be over time. Wells isn't exactly a mom and pop candy store, it is a large diverse organization with tons of things going on. Plus the company has a bunch of new leaders who probably have zero clue how or why many things are they way they are.

There's enough disruption as it is. You don't go and change everything for the sake of changing.

I swear we have some of the dumbest posts on this site.

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Post ID: @1rbo+180e5Oyx

I would contend that the employees who are not smart enough to ask questions are the ones who’s heads need to be on the chopping block. Literally.

Think for yourselves, have some integrity, don’t be sheep.

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Post ID: @1ick+180e5Oyx

I'd say they are trying to fix it and what he said makes sense. right now no body has any idea what page we are on so making sure someone knowsows for better more efficient operating of the company. having everyone on the same page assumes a one size fits all approach will work. WF is a large diverse company and while there are parts that can be aligned from an operational standpoint LOBs need to be able to have some autonomy while at the same time making sure the higher-ups know what they are doing.

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Post ID: @1dru+180e5Oyx

Hopefully whomever asked that question has their head on a chopping block. Literally.

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Post ID: @1zwi+180e5Oyx

OP, Please translate to English.

Thanks,
All of Layoff.com readers

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Post ID: @1ulz+180e5Oyx

Wtf does that even mean?

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Post ID: @1acf+180e5Oyx

Nothingburger post

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Post ID: @1cen+180e5Oyx

AMA = Ask Me Anything meeting. A meeting where the hosts takes questions from the audience.

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Post ID: @uif+180e5Oyx

Wtf is AMA? You IT folks and your acronyms

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Post ID: @fqu+180e5Oyx

@ktk+180e5Oyx yes.

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Post ID: @xza+180e5Oyx

Are you saying that even if we shrink the firm by 25%, the result will be a 25% smaller firm that is still F’d up?

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Post ID: @ktk+180e5Oyx

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