Thread regarding Wells Fargo & Co. layoffs

Legal layoffs

It looks like the outsourcing to India and outside counsel firms to handle Wells Legal is in full effect. Yesterday, multiple teams of lawyers in the commercial workout groups with years of experience at Wells were given notice. Early this month, one of Wells' better deputies was given his walking papers. Legal should be looking to leave immediately since all Ellen and her clan of overpaid “leaders” will look to cut costs in order to secure their paychecks.

by
| 3890 views | | 9 replies (last March 1, 2021) | Reply
Post ID: @OP+19B1yFvz

9 replies (most recent on top)

Right on Anonymous. Inaccessibility is a huge issue but the least of them in HR. There is no one group as shady and corrupt in the organization as HR. As is typical of huge companies they are strictly there to protect the corporate monster.

by
| | Reply
Post ID: @3nzq+19B1yFvz

WF HR person. Do the specific lay offs go through HR approval before taking place or just in the case they’re trying to bury the wrong handling of a retaliation?

by
| | Reply
Post ID: @3ozx+19B1yFvz

Couldn’t agree more. 9 Admins laid off the same day even though they are extremely understaffed and had been told the layoffs wouldn’t affect them. Of course that was before that DGC left earlier in Feb. Is Ellen trying to move leadership to NY?

by
| | Reply
Post ID: @3kmy+19B1yFvz

When you work in HR it's super easy to justify not providing HR services for employees. Or even having employees. Hell, they should change their name to Chatbot Resources. I mean call it what it is. Human Capitol was at one time valued.

Further, whomever created requirements for jobs at Wells is 100% responsible for the current state of mediocrity across the enterprise. Go figure: Genius isnt a requirement for a job anywhere there. Genius with 2 years experience gets you hourly rate job. Mediocre somebody + 5 years experience gets 90k + bonus.

Stupidity.

by
| | Reply
Post ID: @2koh+19B1yFvz

Shipping jobs ( my Indian coworkers moved to the US to take ) to India?

That’s irony !

by
| | Reply
Post ID: @1fgd+19B1yFvz

That's really too bad for the workout groups. Does this mean their gym memberships have been revoked, or have their pelotons been taken away?

by
| | Reply
Post ID: @1cor+19B1yFvz

sorry legal beagles, best of luck in your future endeavors!

by
| | Reply
Post ID: @1ofw+19B1yFvz

And the politicians thought they were getting back at the "evil bankers" and supporting the little guy with the consent order. Instead they just helped ship thousands of our well paid jobs overseas to India.

by
| | Reply
Post ID: @1qrh+19B1yFvz

I think I head Congress talking about stopping all tax breaks for companies doing this. That will keep them here or pay higher in taxes, versus paying American workers.

India and China are laughing at the US due to these companies

by
| | Reply
Post ID: @1yzy+19B1yFvz

Post a reply

: