Thread regarding Wells Fargo & Co. layoffs

Layoffs on hold until C.S. Testifies in front of Congress in early March

I heard from someone who sits on the Operating Committee that layoffs will kick in with a vengeance starting in late March. Why? Because C.S. Is scheduled to do his annual meeting in early March where he testifies In Front of Congress, and wants to avoid the negative press and uncomfortable questions he will be asked about layoffs, diversity, etc. at that time. Also, the press about investing in black banks, etc. is window dressing for his meeting with Congress.

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| 4134 views | | 15 replies (last February 11, 2021) | Reply
Post ID: @OP+19kgk52h

15 replies (most recent on top)

WF will never get to a rhythm of deploying or releasing code in two week cycles. They are starting to realize that agile does not work in this business, just as BOA found out.

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Post ID: @2rra+19kgk52h

Maybe another insurrection will happen while CS is testifying.

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Post ID: @1xjc+19kgk52h

Lol OP. Sorry, but the plans are already in the open. Not like he can cover up what has been in hundred of articles so far. And then lie under oath to congress. Hahahaha. Incredible others believe you

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Post ID: @1nqp+19kgk52h

@nyt - yeah 2 week sprint is a joke. I cNt even get an employee access to a system in 2 weeks. It’s a joke

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Post ID: @1lez+19kgk52h

Given the D&I initiative it would not be wise to do a large layoff of any diverse groups. It would be interesting if employees who have checked the disability designation or were in otherwise protected groups were to come forward after a layoff.

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Post ID: @1mwa+19kgk52h

Sorry, I wouldnt say any visit to Washington is easy or fun; I guess there will be some good videos of the replay we can watch on you tube.

Didnt you see when he was in congress last time almost in tears? TBH,that is normal, no one like going in there to be grilled

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Post ID: @jey+19kgk52h

@nyt+19kgk52h

You sound like you already know... tech is a mess. In my WIMT group it literally takes months to get the smallest changes approved. developed, tested and deployed. Haven't seen hide nor hair of agile.

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Post ID: @abg+19kgk52h

Just chatted with Liz, layoffs are not the point.

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Post ID: @uzv+19kgk52h

This may be the plan, but I don't see how it could work. The Congress critters will know all about layoffs, regardless of when they happen, and they can call for people to testify whenever they want to. So the old 'fire everyone the day after the hearings!' trick really isn't pulling the wool over anyone's eyes. CS will get grilled a little on the Hill, but it won't be too bad. EW wouldn't be happy unless we all got fired and k–led ourselves, so I don't lose much sleep worrying about what that cultural appropriator thinks.

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Post ID: @wiy+19kgk52h

That's interesting. Just looking through the Financial Services Committee upcoming hearings and there no mention of it. Last March 10th (2020) was the last one. Sure you have your years right?

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Post ID: @nve+19kgk52h

If you get invites from your manager for March 25th, decline!

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Post ID: @elm+19kgk52h

I would like to see CS explain why it is such a hassle to get anything into production. Their pipe dream of 2 week sprints is a joke when it takes 2 weeks to get all approvals just to push something. So messed up. Can't be agile when it is near impossible to get the offshore folks to approve things, (talking to you SecDevOps).....

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Post ID: @nyt+19kgk52h

Sometimes ceo's go to a meeting in congress and never return to work! Congress can them right there!

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Post ID: @yfn+19kgk52h

Yes April is the next schedule

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Post ID: @egy+19kgk52h

His butler’s pipe cleaner’s best friend’s wife said you are probably right.

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Post ID: @swb+19kgk52h

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