Thread regarding Wells Fargo & Co. layoffs

To @umh+1bSj5FLz‘s point, you can’t blame the engineers either, that is ALL lower management. “Hey, can I get some time to automate this so people don’t have to manually download data from three systems?” “No, Agile [as I have imagined it in my head] says we shouldn’t overcomplicate things, it’s not that much work to do it manually”

We are trying to help the front line and/or back office. We really are. We are hamstrung by our immediate supervisors who have decided that inefficiency is less complicated. I am so excited about leaving and going somewhere I can actually do my job.

Who wants to bet that when Schart and Powell get the attrition report and see numbers spiking that they cream their pants? I would wager they review it daily too.

They got me to quit. Spent 16 years in IT. Couldn’t handle the massive backlog of work they created anymore. When to a smaller company and my anxiety dropped a lot.

Basically, Wells Fargo wants to make everyone so miserable that they quit, instead of the bad press of layoffs and severance packages. Well mission accomplished so far guys!

Soooo, that natural attrition rate is gonna have to crank up a bit to offset the added headcount from new positions. Volume is so high that hiring managers are seeing four week delays in getting a recruiter assigned.

Soooooooo we hold? Sorry, is this wallstreetbets?

yet this company's systems and infrastructure remains largely unchanged. The reason why the FTE population ballooned in the first place is because you need that many "hands on deck" to work those aging systems.

"...because of how we're going about doing things."

Yes, that.

There comes a point where you cannot do more with less. Corners are cut, poor decisions go unchallenged, the amount of a**-kissing exceeds productivity.

As someone mentioned here a few weeks back, it feels like a hostile take-over (by CS) from within.

What a way to run a company and its employees into the ground. This place won't have many people who want to work here in 3 years because its reputation will be so bad.

"natural attrition" is people electing to pursue other opportunities. It's a good way to reduce headcount because it's voluntary. It's not the same thing as what's being surmised here (e.g. abuse employees until they just can't take it anymore and leave).

People who self-select out are people who have one or more better options owing to their skills, training and credentials. I recently self selected out and while a lot of people I worked with were nice, they would not have passed the initial screen on my new job.