Thread regarding Wells Fargo & Co. layoffs

Tech Town Hall Notes 4/12

In keeping with the leadership's repeatedly stated desire to be "transparent", as well as previous input from others here on thelayoff, here are notes from the tech town hall held on 4/12.

tldr: mostly fluff. some news about outsourcing, return to office, and some turnover in senior mgmt.

Soy starts the meeting (two minutes late)
Paul talks (hard to understand his accent).
3 months I've been here have gone so fast!
Trying to go in the right direction.
Need to articulate to people what a "great strategy" is.
Lot of cheerleading talk.
We need governance because of risk.
VDI images will all be the same, data centers don't move.
He hasn't had a laptop for 10 years. He's excited to have one now. Great experience.
He's used to using biometrics at former jobs, not passwords as is the case at WF.
Collaboration is exciting. Small chats with people. Likes honesty.
People admit they are afraid. We must be willing to take risk to move forward. That's ok, but we should eat our own dog food.
End users don't trust us. They remember and amplify stories about bad experiences. We are honest and know we can't be 100%.
We have too much duplication across applications.
Management is transparent and listens to it's people.

Recognition - Soy talks again.
200 people celebrating milestone anniversary.
4 people reached 40 years. (that's like double the amount of time you get for 1st degree mruder)
Shoutouts to 4 gals, 3 PoC's, and one whte guy.

Another guy with a brit accent talks.
Strategy stuff has taken an army to deliver. Lots of socialization.
(Talking really fast and is very hard to understand)
Issues with Azure. Working with 3rd parties to move workloads.
Looking for synergies and controls.
Applications have been "lobotomized". Was not part of our strategy. We need to modernize.
Too much duplication.

American guy talks.
It's all about the data. How did we get here? It's not intuitive.
Targets: Shoreview, NOC, St Louis, Tempe, Phily, Oxmoor, Silas, WEC, CIC. Consolidate all these into just 4 (didn't say exactly WHICH four).
The fangs are out (huh? what does that mean?)
We currently constrict ourselves, and need to get away from that.
Want single design, and single experience.
We want more scalability, less expensive, more sustainable.
Collaborate with 3rd party providers.
Rome wasn't built in a day.
All the swim lanes need to be in alignment (sounds like a good idea for a Dilbert comic)
Need to be spinning up and pulling out all the stops.
Train leaving the station! Need to be on the tracks! Exciting!
(I went to get more coffee while he continued with lots of meaningless Dilbertesque buzzwords)

British guy talks again.
Need to break some eggs to make an omlet (we've heard this exact phrase from Saul too).
(lots of generalizations about the cloud, but nothing specific).
We're duplicating too much, and we're too far behind the times.
All the ships in the harbor must rise together. (where do these guys get these oddball phrases?)
We need to improve our communications.

More Soy talk. Questions.
Main topology guy left the company.
Challenge for us is access, and how to get to the data faster.
Need new topology to do that.
We need to be able to fail over with no impact. Can't do that now, we can't bend physics.
OUTSOURCING We will be outsourcing cloud stuff to the experts.
Lot of regulatory focus on internal stuff. Moving to cloud will help us get out from under that, and serve customers better.
Groups must coordinate with their replacements when the app they are supporting moves to the cloud or goes end-of-life (this sounds like some people will have to train their replacements).
Everybody must rise to the occasion.
New training is being made available in Develop-You. Don't use your WF accounts for these. Use your personal email address because you may not have access to your WF email address. This is being made available for your own future careers (this sounds like they're already offering "job training" to people who may be targets for future layoffs).

(Brit guy #1 again)
Mgmt suprised at the size and scale here. This place is really big.
Big challange about culture change for the upcoming transformation.
Mgmt team must enable change (more Dilbertisms. yawn.)
We must be transparent. It's strange that we have not had candor (this was a discussion topic at a meeting with Chuckie).
It all starts with trust. We have to be careful. Can't ignore history. We have some non-winning things in our culture. Need to drive in different direction.

Return to office.
Planned for September, per Saul.
Called "The Next Normal". Immediatly following Labor Day.
They think we work best when we're physically together. Ideas come from random encouinters in hallways and at coffee machines.
Different solutions for different groups.
Will share with people when we can, so employees can make plans with their families. (this sounds like they've got bad news, but are not telling anyone yet).

Location Strategy.
"Return to Office" vs "Work from Anywhere with VDI". Seems like these are opposing strategies?
Core population will be in office. VDI won't matter in strategic markets, with a blend of flexibility with time in office and time out of office. (she was very uncomfortable with the question).
Brit guy: VDI is not about seamless operations. It's about security. Don't confuse the two. VDI can be an enabler, but that's not the purpose of it.
We like Teams for collaboration. Carbon footprint is reduced (what???) (More Dilbertisms).
Maybe we will use holograms for collaberation in 5 or 10 years.

Automation is like pre-pandemic radar at JFK. Everybody trying to land at once.
Need to focus on end-to-end automation. May need to circle around for a while.
Don't want lots of automation crashing into each other.
Need to set expections. Need to stop things from falling over.
Brit guy asked for a loginID so he can play with stuff.

Biometrics rollout starting in July.
Scrum teams not happy with current tools. More news to come after contracts are finalized.
You are a key part of the culture change and stragegy that is underway.

Soy says "Big thank you and Goodbye, as I move into the next stage of my career" (she is leaving WF. Wow!)

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| 4172 views | | 19 replies (last April 16, 2021) | Reply
Post ID: @OP+1akO3jkj

19 replies (most recent on top)

Location strategy is WF’s cover to get rid of employees. That is a simple fact. It’s all about the bottom line - no more/no less.

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Post ID: @4lhr+1akO3jkj

Love your writing style! Perfect summation! For those who don’t know, Soy is an SvB direct. Dedicated, love them! All of a sudden needs to leave to go work for free on a Board, seriously? No! But probably package payout is based on cooperation and saying what they demand you say. Oh; and, before you go, you need to sign all these non-competes and non-disclosures ... also, any EOE protections you’re entitled to! Me? After over 13 years of 4’s and 5’s, numerous Gold Coins that are neither, “displaced” bc project being shelved. Ok fine, do a STAR, now they’re hungry for Scrum ... I’ve worked for 2 major Agile/Scrum orgs. Oh. Location? I’m in an approved hub. Sorry. We can’t hire you back, need a fresh hire (translation, recent JPMC escapee). Just another day in paradise.

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Post ID: @3yzb+1akO3jkj

Problem is, they see the iceberg and say land h-!

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Post ID: @2uaf+1akO3jkj

The issues are with all 3 pillars at wells in Tech: People, Process and Technology. Fixing the technology only is not enough, they have to fix the first two which are even far bigger issues.

What a disaster!

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Post ID: @2waq+1akO3jkj

There’s a reason I left tech. The Titanic is about to hit the iceberg. A lot of idiotic decisions there the last year or two.

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Post ID: @1gcu+1akO3jkj

@1spf considering a good bit of the content of these meetings has to do with return to office and location strategy, which directly affects many people.... yes it is layoff related.

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Post ID: @1too+1akO3jkj

Isn't this a layoff forum not an inside info forum.

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Post ID: @1spf+1akO3jkj

Town hall is postponed.

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Post ID: @1jlc+1akO3jkj

Believe OP is referring to Melinda Sooy, the most recent exec to be shown the door, I mean retire.

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Post ID: @1zrn+1akO3jkj

Which technology unit is this for? Not familiar with a ‘Soy’.

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Post ID: @1cui+1akO3jkj

Always enjoy your recaps! And love Soy.

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Post ID: @1jhe+1akO3jkj

sounded like they are going to use consulting companies for all the cloud work and they will unload a lot of tech workers and give them free lifelong training. Also sounded like more managers getting unloaded as they have wrong vision and mindset. In reality if managers still hold wrong one then employees will follow that. Sounds like they want people who are already experienced in all these areas in tech that way less costly mistakes and less costs in training.

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Post ID: @1pas+1akO3jkj

Has anyone actually had a random encounter in the office that resulted in some big new idea? Is this really a thing that happens at WF? I don’t talk to anyone in the break room; I don’t think they would appreciate my interrupting The View on the tv in the corner. Am I supposed to approach people in the gender neutral bathrooms with my thoughts and ideas?

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Post ID: @leb+1akO3jkj

who is soy, did he mean saul? not sure who is leaving.

For sure this place needs a cuture adjustment per one persons comment, people act as old as the technology here.

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Post ID: @rff+1akO3jkj

If they are consolidating, NOC will certainly be one to go. Been headed that way for years, the building is almost abandoned at this point.

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Post ID: @osh+1akO3jkj

Who is leaving?

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Post ID: @zee+1akO3jkj

Who is Soy?

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Post ID: @dzn+1akO3jkj

At the end of the day, and in a nutshell, we don't want to recreate the wheel. We just need to keep our heads down and the do the necessary work....blah blah

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Post ID: @mmn+1akO3jkj

so in other words, it was another dog and pony show?

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Post ID: @ygm+1akO3jkj

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