Perhaps this place is inefficient in some places, I know there are areas where this is true (take a look at Executive levels of leadership who do nothing but attend meetings and don't actually accomplish anything tangible if you want a good example). On the other hand, I wish you had even a tiny idea of how much work some people/teams are doing with a pillaged staff; how very hard they work to keep this place going, and continue to do so as you continue to hack and hack numbers and let really good and qualified people go simply due to a numeric value you place on them being gone. It's hard to be efficient when you let qualified people go. Hiring unqualified and cheap labor in countries where the timezone difference makes communication take at least twice as long to accomplish, not to mention the lack of skill to even do the jobs many times, and adding to that the risk of customer data being exposed where it can't be managed, makes for more inefficiencies than you are saving with these dollars. The almighty buck should not be your gauge for measuring efficiency. How can someone in banking not know that??
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Technology at this bank is in the Stone Age.
10 years from now, everything at Wells Fargo will be made in India. It will become a Walmart bank.
Charlie is talking about only cost efficiency, not operational efficiency. Service quality and operational performance are not his priority.
Ask chatGPT for an inefficiency picture and I'm sure you'll get Charlie's"
Never WF Company. It's brand, dignity and reputation of 90 years.
@.....Stew you seem to have trouble reading basic words and concepts. OP is 100% accurate. You must be C-Suite or an unqualified worker trolling.
"makes communication take at least twice as long to accomplish"
You really should not be lecturing anyone on efficiency with that belabored wall of text, OP
look up inefficient--you'll see Charlie's pic
The amount of rework the offshore teams generate for my team alone is staggering. It's our #1 time sink and frustration point.
#F*ckCharlie
@bdx+1p9KStew Not only that- they don't know the business of what their team does and don't care to know. They just use their position as managers to demoralize and put their teams down.
Shart, OC; bring back spans and layers which was truly the only initiative from Shart that made sense. Execute that and you’ll see efficiency unlocked at a much higher clip. This company is bogged down with significant unnecessary management layers who have very few directs or people in their org.
Worst place to work. People begging to be laid off for the severance. The inefficiencies are you Charlie!
Look at all the s****cides taking place inside the company. The people keeping the lights on here are overworked, under appreciated & in most cases can't see a way out. It's taken them YEARS to build up their knowledge & now they're asked to write it all up & train someone unqualified in an offshore location to take away their job. It's the people with the know how & experience that know how to fix issues as they arise & it will become the bank's undoing in letting these people go & treating them shabbily.
All true
The company moral is down and everyone is unhappy. I’ve never been this miserable at wells.
The inconsistency and poor leadership is taking a toll on everyone. This is the fist time in years where I have considered leaving the company.