Thread regarding Wells Fargo & Co. layoffs

Post ID: @bop+19p46Amm

Agreed.

1. Rip off American customers.
2. Rip off American shareholders.
3. Waste American taxpayer dollars with the inquiries/ hearings/audits necessary to uncover the massive fraud and mismanagement.
4. Benefit in the $Billions from the American tax cut windfall in 2017.
5. Lay off American workers.
6. Send American jobs overseas.

Right.

Let’s get the full story out to the American public.

cheaters gonna cheat.

taxes that go to pay for defense, social security, medicare, medicaid, state taxes, school taxes, etc are going to be starved for revenue.

look at your paystub....the top tax you pay is federal.

when companies like this do stuff like this its the proverbial middle finger to america and the american way of life.

this after receving consecutive taxcuts AND a massive bailout the last financial crisis.

Tax payers are stupid and most cant put 1+1 together.

If you dont call your comgress person and let them know what the bank is doing, well, then you probably deserve whats coming to be honest.

They have no mgmt watching what is happening there, there has been a ton of theft from federal govt money and from customers

guys, that is not right on cloud vs onsite; cloud makes it faster from concept to production.

If a company wants to put stuff elsewhere they will; we will give wells to India, they can leave US money here at a US bank

yea they are a criminal network; they are taking the money in the US and Making Indians rich in India; looks like they want to destroy the United States

I hope Wells Fargo reaps what they sow.

You want to send US jobs overseas, but still profit off only US customers? Please. You don’t get to have it both ways.

Let’s see how well they do when the general public gets the whole story.

@rdc+19p46Amm the reason for the push to cloud is to eliminate operations on physical assets.

cloud assets can be managed remotely from anywhere in world.

you need take a closer look at what they are doing, cause you are also in cross hairs.

good luck!

Yeah, slow your roll on your 'operations' comments...SOME people in operations are dealing with physical assets in CONUS. Can't really be done from India or even other parts of the country. It's one of those things that is 'obliquely customer facing'.

Uh oh, here are some others that may want jobs

https://www.msn.com/en-us/news/politics/king-nancy-pelosi-calling-bs-on-mitch-mcconnell/vi-BB1dFdVw?ocid=msedgntp

Truth be told, WF can save billions by grooming fresh graduates in India. A sensible balance is needed however, and I am sure that this notion is obvious to current WF leaders.

Unfortunate but "sad" realities for some, are that bringing tens thousands of Indian professionals aboard will be parts and parcel of the equation to refocus the bank.

Everyone agrees that there is too much fat in the current US employee population.

Most of the Technology employees in the US that make over $200k can be let go without any real impact.

90% of Engineering Sr Managers can be replaced by less costly Engineering Manager. These seniors managers do meetings all day long for > $200k per year and another 70 - $100+ in bonuses.

Just stating the obvious.

Key takeaways:
Transformarion = move jobs overseas

Jobs to be moved:
Operations
Risk Management
Technology
Analytics

If you are not direcrly external customer facing, then this means you.

Any american working hard for this bamk thinking they have a future career is extremely dillusional.