Sounds like I'll get a long vacation at some point next year.
25 replies (most recent on top)
Let this joke of a company collapse. After all, it is Mr. Chairman’s ultimate goal.
Same. Training my replacements in CCIBT as we speak.
Risk is moving to India. Wait, India is THE risk….. haha
@em They already have had those ratio goals in CLT, not sure if they still do. They haven't mentioned them this year, but definitely last year.
Oh no, that’s already happened. 70% onshore to 30% offshore. By the way thinks look 30% onshore to 70% offshore is the next goal.
It hasn't hit wells yet, but at some point I will bet there will be a mandate to have a on-shore/off-shore ratio of workers. Other companies have done it.
@bq not to mention many Americans would love to get their start in tech by working this way but companies do not want to pay US wage no matter the schedule. When I bring this up and ask why I am working w/ someone who is up at 1AM their time and has been working for 12 hours I am told "it's their culture"... yeah right.
Infinity Indians is the "strategy" to save costs. WF can't possible generate enough new revenue AND pay American citizens a fair wage. Protest with your wallets folks! Time to byctt companies that don't support Americans.
@am our scrum master coddles the offshore teams ‘they’re up so late’ like the onshore team isn’t working 12 hour days also.
It’s an American company they work 3rd shift like millions of Americans, that’s their choice.
Let me begin by saying I am not from India, but I can defend my Indian colleagues. There is no way risk team could have had the asset cap removed without our partners in India.
@a7 They do the bare minimum to get by. The manager for our India team asks me questions and sends me escalations all the time. They don’t even come close to the Manila team I worked with. Now they were hard workers!
Interesting that most of the risk people that were hired several years ago were pulled from the business or control or COO and most have extensive business knowledge/experience but now they are being replaced by people who have zero experience, take any “answer” as a “sufficient answer,” couldn’t tell you what a potential risk is if it hit them in the face, are more concerned about hitting their SLA than actually mitigating real risk and couldn’t tell you what the business does if they lives depended on it. I guess we’re back to “run it like you own it” right? Call us in 2 years when you’re back in hot water. Hope you can afford us then!
@ah - pardon my typo: low* cost halfwit
@ag nah the bootlickers love to worship billionaires and beat up brown people
The whole risk and technology group is moving to India. The smart play would be to hire Indian to run those functions, and ideally be in the same timezone if you know why I am saying.
Was just told that we need to get our work to I&P by 2:30est so they can leave early... I thought they were supposed to work "our" hours....
Stop hiring people from the bank that is accused of running a pedophile ring.
They really need to delete the tax advantages for offshore labor they introduced some time back. Instead, they should raise taxes for offshore labor. This h1b fluff is something, I guess, but what does it matter if they can and will just hire a lost cost halfwit elsewhere?
@ad because if we're mad at the people they're giving our jobs to, we won't be mad at the people giving our jobs away.
Why does leadership want us to hate Indians?
Thank you, come again!!
Old news
Charlie Scharf and his staff are JP Morgan alums so likely Wells will offload its businesses at some point.
no one held my hand when I had to figure out how to do my job.
So what? People in India are just as smart and hardworking but work for a fraction of compensation.