Thread regarding Wells Fargo & Co. layoffs

FACTS ON LAYOFFS

The writing is on the wall everyone. This is part of the GDE initiative. They hired H1B workers to ensure their friends and family in India can get a job.

This is all part of that broader offshoring effort 70/30 (target 70% offshored to India & Philipeans, 30% will remain in USA)

They are hiring(embedding an I&P employee on your team to observe, and look to automate your process, and take your job. This has already been happening and is ramping up right now and will continue through 2022, 2023.

They are doing this in all LOB’s as we speak(except where regulatory work is happening). 70/30 is the target operating model.

I don’t agree with this operating model, but these are the facts. This is the cost cutting solution put in place by your Leader but was delayed due to the pandemic. The GDET(global delivery engagement team) is leading the mass layoffs no matter what the stock market is doing. This is happening, whether you believe it or not. Highly unethical, and not sustainable long term either.

Exactly what @1naa+1hKbO435 said.

by
| 2539 views | | 5 replies (last July 26, 2022) | Reply
Post ID: @OP+1hMpvsB5

5 replies (most recent on top)

Wells Fargo Sucks ! They displace employees with 40+ years of service and send their jobs to India. FWF !

by
| | Reply
Post ID: @8xbz+1hMpvsB5

@chu

Open your eyes and quit drinking the kool aid.

by
| | Reply
Post ID: @lfz+1hMpvsB5

This is not unique to WF. The fix is in for this in every corporation in America and this has progressed in IT departments since 2000.

Most people don’t pay attention to the treason committed by politicans and corporations to make a buck or keep power.

by
| | Reply
Post ID: @vrn+1hMpvsB5

They're hiring directly in India which isn't covered under H1B.

by
| | Reply
Post ID: @aml+1hMpvsB5

Source?

by
| | Reply
Post ID: @chu+1hMpvsB5

Post a reply

: