Thread regarding Wells Fargo & Co. layoffs

The number of positions being off-shored is astonishing

I’ve sat through so many presentations about off shoring positions to Manila and India. Executive leaders have been coached to tell people WF must do this because there are no qualified people in the US. But all the presentations I’ve seen show this is a way to lower employee wages. The number of positions being moved is astonishing. There’s no employee growth stateside and off shore the numbers show 20% YOY increases.

Brought this over from @TMmSsH1-hevr so more people could see how low WF is ready to go.

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| 1252 views | | 5 replies (last July 15, 2018) | Reply
Post ID: @OP+U6fQwYf

5 replies (most recent on top)

they should be reported and not promoted

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Post ID: @4uau+U6fQwYf

For every regulatory function off-shored that has some type of special restriction classification on it or sensitive data handling needs associated with it, be sure to contact federal regulators and give them all the details, processes, supervisory procedures associated with that function.

Be sure to also give management names and direct business leaders' names/information to the regulators. Do not use any internal Wells Fargo ethics line. It is their internal way of gathering whistle blower names to fire individuals.

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Post ID: @1cot+U6fQwYf

They are offshoring things that should not be offshored as well. Sending customer data to India vendors without getting business sign-off. Treating India vendors as employees. Executive management does not care about the policies in place to prevent these things they only care about the bottom line. Many US employees were displaced just to move the same work offshore. Hopefully this behavior catches up with them.

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Post ID: @1cps+U6fQwYf

qualified means - competence plus cost..... try working at low pay....china gets only US$8 for each iphone assembled, USA get $275, --- hate companies not asian people......

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Post ID: @1sjn+U6fQwYf

PACA has been completely discarded in order to protect the obscene compensation of Sloan and his cronies. There are a lot of jobs that once might have been considered non-offshorable that, with E&E2020, are becoming so routinized that soon they will only keep a small number of "thinkers" around, and all the checklist-driven, templated execution can be sent anywhere to people who will just enter it into various workflow applications.

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Post ID: @pmu+U6fQwYf

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