Cannot confirm, however I heard the document capture teams are being sold off the iron mountain. Does anyone know for sure?
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At least processors will be safe.
https://blog.techstaffer.com/this-weeks-layoff-news-2023
Moving to the new data centers starts this year.
It’s going to be a mad push in 2024-2025 to get out of the old data centers
Moving to new data centers in a couple of years in Texas and Virginia.
Yes, document capture will be outsourced as many more functions will be. The higher employee counts at WF have always been about lack of outsourcing, domestic and international. The other big banks don't have less people doing the same services as WF they have less services that they do with employees. With the "Build Your Own Business" mentality all those years we did things ourselves. My teams have been working for years to create at least a single source for a services internally. Next logical step is to see if someone else outside the bank could do it for us. If it is not CORE to banking it could be outsourced.
NYC is only a hub at WF because of Shart and his emotional connection to the city, which overrides any logic. I "get" having a few sales type gigs there and some trading gigs, but hiring people to shuffle papers in NYC is not a rational business decision. Or "running it like a business", that's all emotion and nonsense.
Yep, they will be exiting NYC because it’s too blue 🙄
Is this a move toward red states and out of blue?
Ohio, Texas, North Carolina are red and CA and MN are blue.
TK is genius, displace the most talented and hire in Columbus because JPM is there.
No, Columbus has nothing to do with Shore view. They are opening Columbus because JPM has a massive campus there and we're hiring a lot of IT people and others from there.
Is this because of the opening in Colombus Ohio Hub center?
https://www.dispatch.com/story/business/2023/12/12/wells-fargo-starts-hiring-350-workers-for-new-easton-center/71886844007/
I heard something similar too.