I opened up my email to see a message from Grossberg about the layoffs. They want to make it seem like it is about anything but money but we all know that they want to hire people in other countries because they work for less. When will this greedy company actually be honest about their motives and intentions? I can't believe I have worked here for so long and thought this was a company that cared about their employees.
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I'm here because I've noticed that posts about Grossberg are being deleted recently. WF must have their lawyers complaining to this site
India now, Cambodia next? This cycle will never end, they'll cut local and go chase the next third worlder that lives on $1 a month.
Call the media. Call your local and federal representitives. Get the word out.
Grossberg is the laziest, most self-serving, and whiniest senior "leader" I have ever had the misfortune of working under in my many years with the company. He reminds me of a stereotypical incompetent, unliked high school vice-principal. He's so deeply unlikable, and I can't stand his voice. I hate having to sit through those all-hands meeting listening to that nasally nitwit self-congratulate himself on other peoples' hard work
The clowns in Hudson Yards are nothing but liars and thieves. No integrity or leadership skills whatsoever. They are horrible people.
The only good news is that this crop of overpaid buffoons are very temporary. Shart will be gone in another year or two and he'll pull the rip cord on his golden parachute. He has no vision whatsoever, and his approach annihilated any chance of employee/executive trust. That means he's only useful during the downsizing stage. Him an his perverted little troll will leave, with their pockets overflowing with the cash we earned this company. In spite of the bald faced injustice of it all, it'll be one the best days in WF history.
I'm assuming you're referring to the person that's in Cleveland. Can't get more hypocritical than that.
We'll, it isn't. They are offshoring regardless of location strategy. They aren't offshoring because of location strategy.
Charlie needs the cost cutting strategy because he needs to make more money to catch up with Jamie's salary level.
@tuc+1sUX766E yes the skinnies are "living quite well" as you say. theyre about to be treated to a lavish diarrhea inducing feast! meanwhile you will be humbly waddling to the break room, head slumped low, to enjoy some skittles.
dont you wish you were an indian worker? its never been better to be a Co---e laborer than it is today!
India 🇮🇳 or Bust
They are also living quite well in their home country and have an attitude that they are better than us because our exec’s go over there and make them feel so special and they are what makes Wells Fargo tick. Hence eventually if not already they are very entitled
The facilitators (there are no managers at Wells Fargo....) are clearly in control. So far the workers, the coders, the tellers have been laid off.
Three to four years ago there was the effort to "go to the cloud". One aspect of the cloud is being able to decentralize. People can work remotely, isolated from pandemics. Now there is an effort to be "more efficient". Have they defined this? Is there a beginning, middle and end of this effort? Dates? Are there benchmarks? All of these were in Citibank's reorganization effort for efficiency -- but they have managers there.
It will be interesting to see how this latest crop of new ex-JPM facilitators (managers in name only MINO) will use this "efficiency" and "location strategy" to replace workers with offshores, who they think can control to reduce CP footprint, maintain processes and services of the bank.
@sef+1sUX766E bad take. its not "Apples to apples". not for the employee's quality of life. cost of living is positively correlated with quality of life / standard of living. if it were apples to apples than why don't you move to Bangalore and take advantage of the arbitrage yourself. or to Zimbabwe for that matter.
The C suite is full of greedy sc-mbags. They all should all be hung for treason. The world would be a better place without them.
it isn't that people offshore will work for less it is that is costs less to do business there. Apples to apples they are making as much as us it just costs us less to get the same value. $1 in New York does not equal $1 in Bangalore
Karma is a bit$h. They will have their day.
It’s sad to see people like us, down the totem pole get these emails. I was amazed/angry to see so many executives still showing as remote in Workday under WIMT( MK). Will be interesting to see if any of them will be let go next location strategy.