Thread regarding Wells Fargo & Co. layoffs

What is the “ SWAT team?”

@der+1txPNCtt, so true.

N8 Herman built a giant 3000+ person army of governance people who add an extremely low amount of value to anything. I know....I'm one of them for the past several years. Entire teams, including mine, have no reason to exist. As such, the work amounts to constant confusion as nobody has ever really understood why we exist or been told that our responsibilities really are. It feels like we just make up our job responsibilities and manufacture fake work to produce updates to leadership. It's all fake and we don't do anything to enhance risk and controls. Such a depressing place to be. Management should know why they hired us and why we're needed, but they have friggin idea.

We will all be replaced by AI (All India)

Same fate as everyone else (in the US).

Nearly all will be let go

They are going back to their original orgs or somewhere else you nosy POS

Target model has RCSA in India…. FST is a ticking time bo-b for sure, and those skills are limited in transferability

N8’s replacement inherited a huge army and hasn’t changed anything. We got layers and layers of admin and they give themselves fancy names like EBCE, BCM, FLIV, ERIA, RME, CPT, FST, RCSA central QA, RCB support specialist, Issues Management central analytics group, LOB aligned issues management liaison, operational risk event management support partner, policy management office liaison, policy and framework development group, escalation management support, risk and control committee management and governance, compliance program implementation subject matter expert, policy violation tracking team, central analytics SWAT team, SHRP change request center of excellence … there are more but am too lazy to type. Each of them have a double in operational risk and compliance. They all must go.

They will be fired

What do you think? Some will be needed to maintain, but I bet a lot will be let go or reshuffled.