Thread regarding Wells Fargo & Co. layoffs

Is there a planned reorg for risk?

Saw someone make a statement on the ORM team huddle regarding this.

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| 2511 views | | 9 replies (last January 7, 2022) | Reply
Post ID: @OP+1eEeInBH

9 replies (most recent on top)

Probably. They started giving some more risk jobs to people in the Philippines and management has heavily hinted at the upcoming risk changes. Hopefully they are saving all the money from sending risk and compliance jobs overseas...for the major lawsuits and fines that will result from that brilliant idea.

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Post ID: @2ybv+1eEeInBH

It’s been a couple years since a reorg has been done, so it is due.
Not only did Mandy bring in all her staff, but CF did also. All with promotions, of course.

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Post ID: @1zsx+1eEeInBH

Don’t forget Mandy hired every single one of her directs. 6 months to a year after I bet those risk type leaders have started to be swapped out too.

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Post ID: @1ecm+1eEeInBH

Get ready for a ride corporate risk, y’all going on a roller coaster of one , clearly the Fed not happy

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Post ID: @mfu+1eEeInBH

All new leaders come in with a new playbook. Don’t you know that they will do a better job than their predecessors? Plus, it will be a JPMC resource loyal to the OC and CEO.

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Post ID: @dpy+1eEeInBH

maybe they'll do away with all this dotted line dual reporting nonsense. makes me think of office space, every time I am late with my tps reports I have multiple managers getting on me about it

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Post ID: @zdv+1eEeInBH

There's always a reorg when a new senior leader comes on board. I doubt anything will change until he or she is hired.

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Post ID: @zop+1eEeInBH

What kind of reorg? People have been moved and reorg'd late last year, although not in a thoughtful way. Not sure if those moves are part of this planned reorg.

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Post ID: @kom+1eEeInBH

Yes. Won’t be finalized until new cro comes on board and he signs off.

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Post ID: @lvx+1eEeInBH

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