Thread regarding Wells Fargo & Co. layoffs

@nr, Do you think Wells Fargo technology infected the rest of the bank, or did the bank infect Wells Fargo technology? What started it? How do you think it can be cured?

Looks like BE is replacing TK. Maybe that was the plan all along when BE was hired. SVB is a placeholder. Soon banks, such as BNY Mellon, are going to be rated on how many employees are replaced with "digital employees". These employees will have IDs, email addresses etc. Wonder if they will have meetings! Managers .... Bully while you can!

@js She will do anything to protect this gravy train of her. She has never had a high paying job like this. She has pretty much fallen on her face at her previous jobs.

WF Technology is very toxic

More Layoffs

Is TK gonna make lemonade post this year?

These are the kind of LinkedIn posts executives make before they move to new opportunities.

@j0 https://www.linkedin.com/posts/tracymkerrins_wellsfargotech-innovation-fintech-ugcPost-7396273022518853633-qvMA

Disgusting

@j0 yes TK, shameless TK

The funny thing is AI gets all the credit but none of the blame. If it creates something we are told how amazing it is. If it hallucinates we are told the “human in the loop” didn’t verify. Which one is it HAL?

No some outfit, maybe a potential tool, wrote this. AI companies, like employees, can lick a...ss too. https://nanonets.com/blog/wells-fargos-tech-reset-how/ by Anirudh Patri leads GTM at Nanonets, helping enterprises drive efficiency with AI automation. He previously advised Fortune 500s at McKinsey and Deloitte on growth and digital strategy. He writes on AI, tech trends, and the evolving role of the CIO

@b7 Did TK write this ?

No shame

@OP Why is SVB taking AI over from the inept TK. Another thing she has messed up?

They only hire Indians.

AI and DEI, cornerstones of WF’s success.

Yes Indian.

Pernicious nonsense! Since there is no accountability for any sort of mistake, misinformation, or bad decision from AI, of course we'll careen down that path at 100 kph.

Fcking toxic

@fx LoL

https://nanonets.com/blog/wells-fargos-tech-reset-how/

Hahahahahahahaha..haha….

https://www.linkedin.com/posts/tracymkerrins_wellsfargotech-innovation-fintech-ugcPost-7396273022518853633-qvMA

WF AI (All Indian) Technilogy LOL

It's just like the Amazon's AI stores that automatically track and charge for the items you take out of the store. It's just an Indian sweatshop with hundreds of people watching you on camera and manually tallying up your items in real time.

That's basically WF's AI back office "automation" strategy, as well.

In the hands of criminals AI is a dangerous tool. If Wells Fargo could purposely harm consumers and clients without AI I shudder to think what they will do now. That is employees need to understand AI and the power they would with it
In prior firms, we were able to use coding to join websites, automate work etc. AI malfeasance can put a quick halt to Wells Fargo illegal actions. if they misbehave. And I am sure they will. If they ask you to do something illegal, use AI to block it. Then report to the authorities.

Here is another one: Wells Fargo's Tech-Driven Transformation
After a period of regulatory constraint, Wells Fargo has pivoted to a strategy of aggressive growth, powered by a comprehensive technology modernization led by Bridget Engle, Head of Technology. The bank is leveraging its strengthened foundations to build a competitive advantage.

The Strategy: A Three-Pillar Approach

Engle's team is executing a clear strategy to turn a modernized tech stack into a growth engine, focused on delivering powerful, secure solutions for customers.

Platform Modernization: Migrating core systems like payments and lending to the cloud. This rationalizes platforms, cuts costs, and slashes the time to launch new products from years to months.

AI as an Operating System: Embedding AI deeply into operations, not as an add-on. This powers the Fargo assistant (20M+ users), provides personalized insights, and automates internal processes like compliance and credit decisions.

Digital-First Customer Experience: Making digital channels the primary gateway. Key successes include 40% of new checking accounts being opened digitally, the Paze e-commerce checkout, and the Vantage portal for business clients.

Proven Impact and Future Growth

This tech-driven transformation is already delivering tangible results:

$2.8B in annual expense savings from automation.

1.5M new mobile users in 2024.

Double-digit growth in investment banking and trading revenue.

The years of foundational work have created a springboard for scale. With platform modernization clearing the way, AI providing the engine, and digital transformation delivering the customer experience, Wells Fargo is positioned to convert its disciplined past into a future of growth.
-- signed the AI team.... doing the needful with AI.

WTF ... this is hysterical.

LMAO!