Thread regarding Wells Fargo & Co. layoffs

WF outsourcing is a complete FAIL.....

Folks who've worked at WF for years know what I'm talking about. Take a great idea in theory, use the WF way, and F it all up!!!!

WF 1ndia is a classic case. They took lower cost staff as the reason to outsource. Yet, WF built huge campuses over there. They hired a TON of staff over there. As most know, 3 of them do the work of 1 of us. And guess what, over there being in MGMT is sorta like being an emperor. (OK, sultan for them). So, if you take a look WF 1ndia is top heavy now with tons and tons of top and middle MGMT. And, don't forget all the junket flights WF execs take every few months to go there and "meet".

If you think they are flying coach, think again!! Any flight that is over 5 hours puts the flyer in business or first class, every time.

All this adds up to tremendous overhead and costs. Ask me, and I'd opine that these costs have made the 1ndia bloat super big at WF. To the point, its actually cheaper to hire USA staff. Yep. You heard it here first. Let's not even get into the political things like BRICS and how 1ndia is hanging with our adversaries. Nope, no one thought of that.....LMAO


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| 1747 views | | 14 replies (last October 19) | Reply
Post ID: @OP+1k7qhgk7v

14 replies (most recent on top)

@dz+1k7qhgk7v

Keep thinking that the same people that have got rid of 100k American workers are now suddenly concerned about Americans working, butts in seats, hours per day in the office, or anything else beyond "how soon can we replace them all?" They hate you and want you gone. Doesn't matter if you work hard or not. Love the execs or not. Spending 2 hrs a day in office or 24. None of it matters.

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Post ID: @kr+1k7qhgk7v

@dy Yeah really - they are grifters stealing jobs, stop protecting these hustlers like some f6ggot.

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Post ID: @jq+1k7qhgk7v

@b1 Maybe your work product has slipped and HY has recognized that you have served your purpose and are a one trick pony that is obsolete. Or you are not worth your inflated salary for doing less amount of work.

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Post ID: @dz+1k7qhgk7v

@a4 Really? The whole country of over 1B people? Well there is a simple solution. Take a pay cut. 50-60% cut. That will keep you secured .

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Post ID: @dy+1k7qhgk7v

@a2 So your accent doesn’t throw them off?
Must make working with you difficult

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Post ID: @dx+1k7qhgk7v

@ad drop your salary to keep your job

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Post ID: @dq+1k7qhgk7v

@OP They out work you and are smarter if you know how to work with them. They also have different labor laws and more people are willing to poach them than any bank in the US is willing to poach you. You would also fly BC if you went there, but there is a reason you don’t go to India… you are not important enough.

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Post ID: @dp+1k7qhgk7v

HY does not care if the work product is garbage. They couldn't care less, so long as they can fire more Americans. That's all that matters to them.

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Post ID: @b1+1k7qhgk7v

It is frustrating that while there is an emphasis on tariffs and hb1 visas to bring back manufacturing and hire tech in the US, the firing of whole departments in the US and replacing with Indians is overlooked. I see it as such low-hanging fruit that could be easily resolved like these other
issues. Call your congressman, the media.

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Post ID: @af+1k7qhgk7v

@OP nails it

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Post ID: @ae+1k7qhgk7v

@a1 India is a nation of grifters and nepotists… they will grow as much as possible to show their perceived importance. Our leaders are spineless traitors.

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Post ID: @a4+1k7qhgk7v

Well, I personally don’t have any prejudice against workers from other countries. Though, strong accents do hinder productivity on conference calls.

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Post ID: @a2+1k7qhgk7v

Oh and forgot to mention....last time I looked, they are up to about 60,000 staff just in that one country.
Those numbers have been going up while the USA numbers have been going down.

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Post ID: @a1+1k7qhgk7v

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