Anyone else attend this bs waste of time. Really enjoy being told that I&P is the destination and not just part of the team, aka offshoring all our jobs. Along with saying that all our US jobs are low skill and anyone can do them since all we do is follow procedures and checklists. Plus they cut so many jobs that our cost to dollar ratio is so low that they can make 5b in profits and refuse to give us cost of living raises and real wages. What a f$$king joke
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@1kwb+1pgH9Fu1
Yes it’s a group, Graeme McEvoy runs it’s along with Cesar Gonzalez (head of wholesale lending operations). Basically the internal processes of CRE, WLS, CMS, and BBG are under it. Booking/funding/collateral perfection, flood, casualty insurance and such
#wellsfargo shitshow
Semi-unrelated question. Is wholesale Ops even a group? There is no such thing as wholesale at wells anymore, all the Ops groups are being centralized finally and at some point I assume truly merged. So what is wholesale Ops?
@boh+1pgH9Fu1 I see Schwab just upped their stake again in WFC.
Have you been asked to create procedural manuals and checklists for the offshore people? Have you diligently completed step-by-step, easy-to-follow manuals for them? Look what happened now, we all became replaceable.
"Along with saying that all our US jobs are low skill and anyone can do them since all we do is follow procedures and checklists."
Their opinion is pretty funny coming from a bunch guys getting paid millions for literally doing nothing but copying what other banks are doing and outsourcing. Hand ChatGPT a link to CNBC and it could do all their jobs just as well, and for free.
at least they are being honest. not happy then find a new job.
Well stop reading them. People should be posting what they are hearing and seeing, who cares if you are "sick and tired" of seeing the same thing.
To OP, this is a little shocking this was actually said on a town hall? Any other details you can share?
Again, it's the same old topic over and over. I am sick and tried of these same paragraphs being copied and pasted every few months.
This bank is a joke. I've never seen morale this low in my 25yrs here. They are openly telling us they are sending as many jobs offshore as possible to increase turnover and raise attrition.
FHY
Our company is worth half what it was before the huge shift to I&P, tells you what investors think about this brilliant move. FHYs.