Thread regarding Wells Fargo & Co. layoffs

How long will it take mgmt to catch up?

With layoff cycles, location strat, people quitting because of RTO or for greener pastures, each one of us is having an increasing amount of workload. Plus, it is all badly organized. I know, this is not new, it’s been happening for years, but it is getting worse and fast. Maybe it really is time to move on. Let the offshore be as efficient as my team once was. Ha ha ha.

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| 1354 views | | 6 replies (last March 11, 2024) | Reply
Post ID: @OP+1rsiZMm6

6 replies (most recent on top)

The games isn't to "catch up", in 2019 we had 247K employees. They laid a bunch of people off and we ended up sitting at around 230K. Then they ramped up hiring and got us back up to 247K, now dropping again. The point is to play the numbers to make alternate between looking like we're growing and padding the bottom line by firing.

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Post ID: @2orn+1rsiZMm6

Management in the US never will 'catch up' and HY doesn't care because India will provide all the management in the future.

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Post ID: @1hsp+1rsiZMm6

Replace Hogan? They've been taking about that since I started with the company in 2004. Hogan will be here until the ship sinks.

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Post ID: @fug+1rsiZMm6

@lav+1rsiZMm6 Don't forget EDL (like 6+ implementations of hadoop) and a bunch of other stuff that's owned by DMI, Teradata decom and probably others I've forgotten. CORE-- lmao, what a joke that was.

The answer is no, we've had so many big programs that end up getting run by politics, clueless people and people who don't even want to listen when warned about risks/issues.

Next one-- data center migration, replacing mainframe systems like Hogan. Good luck replacing Hogan CIS and the deposit systems.

It's only going to get worse with losing so much corporate knowledge.

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Post ID: @tzz+1rsiZMm6

The remaining can stretch and flex but should not ki-l themselves to take up the slack. Work a solid 40-45 hours for the salary. That’s it. Things will fail and fall.

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Post ID: @xgb+1rsiZMm6

Has Wells ever been successful in major management prerogatives?
Common architecture/Core, Agile, "move to cloud", automated testing, common brand aware Java/.net UI libraries, standard CI/CD, and more. The result is a mess with risky business processes and technology way out of date.
Wells needs to focus.
Perhaps the management (and recently laid off EA) can start with this Gemini prompt: "can you rank the major banks in terms of utilization of AI, service oriented APIs, cloud, and block chain technology."

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Post ID: @lav+1rsiZMm6

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