Thread regarding Wells Fargo & Co. layoffs

There were 0 months with >0 jobs created for IT professionals in USA so far this year

For you Wells Fargo job seekers, or folks who want to "learn to code" to get a better job, here is some caution.

This data comes from ADP:

https://adpemploymentreport.com/2021/August/NER/NER-August-2021.aspx

January 2021 IT jobs: -2000
Feburary 2021 IT jobs: -3000
March 2021 IT jobs: -7000
April 2021 IT jobs: -3000
May 2021 IT jobs: -3000
June 2021 IT jobs: -4000
July 2021 IT jobs: -1000
August 2021 IT jobs: 0

So, August was an improvement over all other months.

Fidelity came out and said they hiring 5000 new people:

https://www.businesswire.com/news/home/20210407005140/en/Fidelity-Expands-Hiring-Into-New-Geographic-Areas-and-Increases-Number-of-Technologists-in-Continued-Focus-to-Provide-Best-in-Class-Customer-Experience

But most of the back office jobs will be done in their indian office (its cheaper):

https://india.fidelity.com/careers/

Meanwhile, in India:

https://www.moneycontrol.com/news/business/jobs-jobs-jobs-hiring-by-indian-it-companies-touches-5-year-high-7268591.html

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| 1998 views | | 6 replies (last September 7, 2021) | Reply
Post ID: @OP+1cFeBJQm

6 replies (most recent on top)

Zero job growth in IT doesn't mean there aren't jobs available. Learning to code is a valuable skill. IT infrastructure jobs are decreasing while developer jobs are increasing.

Large teams of server admins, network admins, etc are no longer needed with cloud environments.

There is a seismic change going on in the IT world and many many people will either need to retool their skills or find themselves looking for a new career.

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Post ID: @3vxe+1cFeBJQm

It's a nice thought that if you're better than offshore than you'll be ok, but not really accurate. It's not a meritocracy, and it's pretty clear lower cost is chosen over higher quality whenever possible.

Additionally agile lowers the bar even further.

That said, I'm a progressive person who also believes that those in other countries should have opportunities too. This is often in conflict with my belief that companies like WFC should employ people in the same country where there customers are located. I guess this is an old fashioned belief at this point though.

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Post ID: @1bgz+1cFeBJQm

Be better than the offshore folks and you'll be fine.

If you're worried it means you know you may not be.

Welcome to capitalism, which thrives on competition, whether it's good for you, your family, or your country.

BTW, people in other countries deserve to work and have a good life just as much as we do.

The system is the problem, offshoring is a symptom.

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Post ID: @1ium+1cFeBJQm

Post ID: @1qfb+1cFeBJQm
Talk about regurgitating huh lol

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Post ID: @1rqz+1cFeBJQm

Thanks for another stupid ‘let me regurgitate the news’ post.

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Post ID: @1qfb+1cFeBJQm

What are you talking about, a computer science degree is the bo-b. Its the fastest way to working with a dozen Indians and seeing your wages go lower yearly as management threatens you non stop. Balakrishnan and Chakrabarti are always on standby to replace you for 1/8th your wage.

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Post ID: @1yqb+1cFeBJQm

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