Thread regarding Wells Fargo & Co. layoffs

@ag you're an id--t

Meh, right now most of the targets are areas that they no longer want to have a presence in. The line of business matters less.

Key……
Uneducated
Old boy’s network
High risk managers
App security
India

@a2 this sounds like it’s written by a developer that is not happy about being required to go through a platform team to do changes in prod and/or sick of not being able to touch production whenever he or she feels like it in the fly.

@c3+1jzzqjczg

In office FTE cost much more than WFH ones. How does that help them ward off outsourcing? It's literally the primary driver of the movement, cutting costs.

Cybersecurity layoffs are inevitable. Now that the consent orders are completed, the extra governance, compliance, oversight, oversight-of-oversight, and accountability committees will be cut down to pre-2016 levels. That’s probably 50% of Cybersecurity watchdogs and auditors hired to deal with the orders. Add AI initiatives to “optimize” governance and controls, you’ll see a cutback at the level of the recent CISA cuts.

WFH warriors sped up changes to allow this to happen. RTO folks have a better chance to hold on before all roads that lead to Pune or Bangalore are the norm

Being targeted? They've been targeted repeatedly and methodically for multiple years now, just like any other LOB. This post could have been written in July 2020, OP.

@ak They also included remote workers in the CLEAR rollout. I've been with the bank for 10 years. Had to show my bona fides when I inprocessed (I-9 requirements). Not sure why I need to do it again...

Ew.

Deploying AI with the specific intent to take away someone’s livelihood is one of the gravest of sins.

Won't be the 15th though. Maybe the 22nd.

Isn't cyber security launching the new CLEAR system? From what I'm told by my manager this system is going to require each employee to register their biometrics date of birth social security number and either their driver's license or passport to prove that they are an authorized citizen for that location to go into the building...

From my understanding this is somewhat of a forced requirement because the bank hired a bunch of North Korean IT workers from their AI job interviews.

Counting on Microsoft, what could go wrong? Good grief.

This is great news, I hope it's absolutely true. It's a known fact that Wells Fargo cyber security group consists of uneducated analysts who rely on Google searches and other internet searches the solve problems. This is undoubtedly why the CISO would rely on Microsoft another third party companies to help govern and document security gaps because the people that are fulfilling said positions clearly are not qualified. This is because cyber security consists of the good old boy Network where people may have had relevant knowledge back in the year 1999 but chose not to keep updated because Wells Fargo doesn't have a requirement to State you need to be relevant in your own career field if it was good enough in 1999 it's good enough in the year 2025 after all in cyber security technology definitely doesn't change so I'm all for cutting this worthless group.

I was reading the news the other day about how McDonald's artificial intelligence bot in the cloud was ran off of a password that was 123456. Apparently that artificial intelligence bot was for human resources recruiting.

I guess it doesn't matter if you're a fast food corporation or a Fortune 50 Bank, stupid is as stupid does

One of the key selling points of moving to the M$ cloud is offloading your cybersecurity to the cloud provider. It's one of the selling points that makes paying Azure's prices look appealing.

I heard from an inside source on the engineering side that platform support executive has been ordered by the CISO to have all of their managed technologies to be onboarded to artificial intelligence within the next year so the platform line of business as a whole can be eliminated and engineering will be given control of the automated push to production buttons thus eliminating platform teams roadblock... Apparently SOD is out the window

This sounds about right every time I tried to do my job my manager tells me that I need to comply with the executive orders of making sure artificial intelligence double checks my work or rewrites it or does it for me I am not to be what my boss calls a renegade.... Even now many of the American managers are having artificial intelligence rewrite their emails and responses to emails let alone other paperwork.