#technology

TIAA is ruining career prospects for me. We use outdated legacy tech and things move so slowly. We have to learn tremendously outside of the job to even have a chance getting a better job. Please beware of the consequences of working here. What you think is normal here is actually insanely disorganized.

Ok, so not a layoff post but a rant. Why is it almost every morning my laptop has rebooted due to mandatory updates and every file I had opened is a "recovered" file I have to overwrite to rename. I work in finance so have loads of Excel SS open and it's just causing me extra work! FFS

I can't log into online access to see my accounts via the app not the website. I expected things to break but I figured it would be internal processes and products...not a client facing outage with no communication. Does anyone have more info on when this will be fixed?

I’m on an iPhone and the background ads don’t go away and totally obscure most reply posts on this forum. It makes it impossible to read at times.

Optum tech here. The amount of AI cr-p being posted in chats or through email by managers is ridiculous. Be a leader not a product of a computer because you are graded on using it. My message to tech execs. You will always be a great asset and daily worker using AI daily but you will innovate and lead by not using AI. Feels just like the cloud last year which wasted everyone’s time.

"IBM: AI Reality Remains Disappointing" (Seeking Alpha). GenAI Summary (because of paywall):

IBM's much-hyped AI business is failing to generate significant revenue growth. The author, a self-described "ultra Bearish" investor, advises selling the stock, as the recent rally is not justified by the company's financial performance.

AI is mostly for consulting, not products: IBM's large "AI bookings," which reached over $1 billion in the second quarter of 2025, are primarily for consulting services rather than for its proprietary AI software. This is not a high-growth business and doesn't scale as well as software sales.

Weak organic growth: Despite all the AI excitement, the article concludes that IBM's core organic revenue growth is only 2–3%. The overall revenue boost is inflated by factors like favorable currency exchange rates and the acquisition of HashiCorp.

Overvalued stock price: The stock's valuation is considered "stretched," trading at a 20x forward price-to-earnings ratio, well above its historical range of 10–15x. The author finds no fundamental growth to support this higher multiple.

Stagnant free cash flow: The company's forecast for free cash flow in 2025, at over $13.5 billion, is essentially flat from its initial projection for the year.

Focus on consulting: While IBM highlights a growing book of business for generative AI, a large portion of this is tied to consulting—a business that saw no growth in the second quarter of 2025.

In summary, the article portrays IBM's AI ambitions as more hype than reality, with little evidence that generative AI is meaningfully accelerating the company's overall revenue growth. The author sees the company's recent stock rally as unwarranted and views the stock as a sell.

Sources:

https://seekingalpha.com/article/4816847-ibm-ai-reality-remains-disappointing

https://seekingalpha.com/article/4675533-ibm-artificial-rally

Wonder if it is actually heading anywhere? Or all talks and …

Today’s announcement was the best thing ever. Offer it widespread. I agree there are countless old id--ts who need to leave. (And I am one of them). They are expensive. They don’t give a cr-p. They are barriers to moving work along. The absolute worst are in ET. Time and technology has left the 50+ folks in the dirt. Hand it off to the people who care.

This is from the main thread:

• "The rest of product is functionally useless, just another layer of management hot air that enables the single worse problem Kroger always had - not listening to its technical people." (Anonymous, Post ID: @qg+1k3eddae2)
• "Now those product folk speak on our behalf but don't know anything technical. It's a joke." (Anonymous, Post ID: @q0+1k3eddae2)
• "We have a 1 to 1 ratio of admin people and the people who actually do the work." (Anonymous, Post ID: @pv+1k3eddae2)
• "Product in other orgs has made sense, not at Kroger. it starts with the leaders…" (Anonymous, Post ID: @px+1k3eddae2)

It’s done baby. Remember TSMC is just a foundry, All design is USA baby!!!!

https://www.instagram.com/reel/DMf0cKQN2VX/

Congratulations to the board for a fine pick! You can count on them to make the right decision at the right time.

Executive leadership could have made a significant difference with Cisco - when you look at Google, Microsoft, NVIDA, etc they have very smart technical CEOs and have been able communicate and lead their companies into new key technology trends - unlike Cisco which always seemed to be caught flat footed over the last 15 years. Having a CEO that has weak technical aptitude has been one of our Achilles heel for way too long… so many missteps… so many lost opportunities…. it’s just embarrassing and has cost us dearly over the years…..

Heard a couple of Sr. Managers gone today.

Ulf’s org is the flavor of the week.

Confirmed. Many layoffs last week at India Technology Center in Pune. The wave will hit Nortbelt soon.

Why we have so many incompetent and unqualified people in Sr leadership role in Technology ? Cloud program is a joke with PC , AC etc.. they just got surrounded or shielded by people who should not be in the employment. Is it same everywhere ?

First it was India and now it’s Japan.
Twice in as many months we have a F35 jet from the UK that is stuck is foreign counties.

How bad is our technology these days?

How wide spread is this backlash? How many other clients will walk over this insanely ridiculous scandal?

A significant consumer brand #technology company C-Suite has BLOCKED $PANW from being an authorized vendor & that PANW didnt do the proper apologizing to change clients mind.

Will earnings hold up to this backlash? With the people they pushed out this month, it implies it was to save money.

How much more talent will Wells Fargo lose with their bullying tactics, offshoring US Domestic jobs, while they lack efficient risk management & controls at the same time? How can a CEO talk about being more efficient when his strategy has been proven to be unsustainable and fails (offshoring).

When will the BOD or Shareholders wakeup! You should be pi---d. The CEO is only positioning the company for “short term gains”, if any. Offshoring jobs for cheap labor is a way to make the balance sheet look good over the short term. Meanwhile the cracks have begun to appear. The CEO will leave this company worse than it ever was.

His offer letter provides him a golden parachute after 5 years in his role. Do you think it is a coincidence that the “assets cap not being removed until maybe 2025” was leaked? Clearly, This leak is to drive a narrative for the CEO who will leave next year per the terms of his offer letter, and the asset cap will remain over the company.

The guy has accomplished nothing but more fines and lying to shareholders and customers. Someone with that authority do something! He is creating more risk, the cracks are beginning to appear and affect our customers. The stock price has been the worst under this CEO.

WAKE UP PEAOPLE!! Hiring offshore does not make the company more efficient! It does the opposite, and creates risk! Offshoring also does nothing for the US economy. All those shops and restaurants that want employees to fully return to office don’t understand that it will not happen. Just look at all the building consolidations. That shows that the Strategy is not about collaboration, or better together, or any of that. IT IS ABOUT REDUCING COSTS BY FIRIBG US EMPLOYEES AND HIRING CHEAP, UNQUALIFIED LABOR TO DRIVE THE NARRATIVE THAT “THE FIRM” IS MORE EFFICIENT.

All the Shartman is really doing is making sure it looks like he cut costs, and reduced headcount while he approaches the end of his 5 year agreement stated in the CEO’s offer letter. He will then leave, and the conpany will continue to crumble from the severe harm and toxic workplace created by this chump. Someone standup! All the red flags are there. Wells Fargo is now the company to pay the highest amount of fines ever. BILLIONS OF MONIES that could have gone to investments, employees, and shareholders because of CURRENT LEADERSHIPS FAILURES.

Here is an inside look at how offshore is working out at “THE FIRM”.

https://www.cnbc.com/2023/08/14/employees-in-asia-are-spending-the-most-time-looking-busy-at-work.html

WE NEEE A BOARD AND LEASDERSHIP THAT UNDERSTAND THE BENEFITS AND EFFICIENCIES BY UTILIZING TECHNOLOGY WITH QUALIFIED EMPLOYEES. THAT IS HOW YOU TRULEY “DO MORE WITH LESS”.

MAYBE SOMEONE SHOULD FORCE THE CURRENT CEO, SENIOR LEADERSHIP, AND THE BOARD OF DIRECTORS TO DO “MORE WITH LESS”.

#WellsFargo
#WFC
#REGULATORY
#HABITUALOFFENDER
#2023
#2024
#2022
#2021
#2020
#2019
#Markets
#Banking
#RISKMANAGEMENT
#Offshore
#Failing
#Liars
#Outofpocket
#getsteppin
#powercorrupts
#corporategreed
#CEO
#Leadership
#SEC
#WSJ
#CFPB
#Inequality
#greed
#CSuiteSalaryReductions
#BOD
#Downgrade
#WellsFargoBank
#Technology
#AntiAmerican
#SmokenMirrors
#redflags
#stopthemadness
#Schart
#Sharted

This is for the haters, trolls and non believers. So, Read it and weep Trolls. Just the facts!!! The are outsourcing risk and compliance rolls! Lots if UGLY TRUTHS. Any other employee would have been fired. Keep driving this FAKE NARRATIVE of making progress.

Here is PROOF!?? Link to pdf:
https://pdfserver.amlaw.com/legalradar/pm-50684461_complaint.pdf

Below is a blip of what is contained in the filing.

“87. The March 2020 Congressional report also faulted the Board of Directors for allowing management to "repeatedly submit materially deficient plans in response to the Consent Orders." Report at p. 36. It noted that Wells Fargo submitted multiple deficient plans that required board review and with regards to plans required by the
OCC, board approval) in response to the 2016 Sales Practices Consent Orders. The Committee staffs investigation revealed that the CFPB and OCC repeatedly rejected the Bank's compliance and redress plans required under the 2016 Sales Practices Consent Orders as incomplete or otherwise deficient. The Report noted that Wells Fargo's Board was directly involved in the process and was specifically told what needed to be done to comply with the consent orders. 27

88. The Federal Reserve's staff even held one-on-one sessions with several of Wells Fargo's directors. 28 Still, the Board of Directors failed to ensure compliance with the consent decrees. For example, on April 3, 2018, Wells Fargo made its first submission of plans for board effectiveness and risk management under the 2018 Federal Reserve Consent Order. "Despite receiving consistent direction from Federal Reserve staff on what sufficiently detailed plans should include, Wells Fargo's first submission of plans for board effectiveness and risk management, made on April 3, 2018, fell woefully short of the Federal Reserve's expectations."29 In a May 7, 2018 response letter, Federal Reserve staff informed Wells Fargo that its submission was so "materially incomplete" that the plans, "cannot be evaluated by [Federal Reserve] staff.”

Brrr, BBrrrr….. oh wait, I think someone is Scharting their pants right now.

Everything posted here is public information.

#WFC
#SEC
#WELLSFARGO
#layoffs
#Banking
#2023
#Fargo
#WELLSFARGOBANK
#FINANCE
#DIVERSITY
#Technology
#Bank
#Assetcap
#Brokers
#Investing
#FACTS
#WELLSFARGOPROBLEMS
#BOD
#CEO
#HIRING
#ETHICS
#Risk
#DE&I
#Compliance
#News
#2023
#2024
#Shareholders
#stakeholders
#Awareness
#Banks

"When Kandiah joined Hitachi Vantara in July 2020, he took over a company that had gone through a massive transition from a storage-centric vendor to a leader in IoT and analytics. But that wasn’t enough: Kandiah in March oversaw the $9.6 billion acquisition of GlobalLogic as a way to transform even further."

So BH and all the BS he hired were fired for making the company a leader in IoT and analytics? And GK gets named Top #Technology Disrupter in 2021 for overseeing acquisition of something that is yet to make sense for anyone other than Canadian Pension Fund. I mean what are these companies spending on advertising on CRN?