Thread regarding Bank of America layoffs

Bank is 10 years behind trend on outsourcing

Outsourcing (especially to india) should be carefully deployed in the most low-impact areas of buisness. They shouldnt be taking credit card calls and they definitely shouldnt be involved in engineering.

The only benefactor from this is todays bonus benefitiarys who dip their wallet in the bucket just long enough to miss out on the long term implications.

The most obvious problem is the hopeless disconnect between vital functions at home and abroad. A lot of this circles back to the WFH debate, if half my subordinates are in india, what difference does it make? The only correspondance im receiving takes place after im off, so one response per inquiry per day is the cadance we live by in this lifeless/dry exchange.

Longer term? Systems evolve, grow more complex. Growing pains become amplified becouse yesterdays multinational staff configuration has to be rethought across several teams spanning half the world apart - less flexibility, less room for large scale collaboritive thinking. Again, they wont get todays news until im tucking my kids to bed tonight.

Its an entirely avoidable blight on the company, and the savings at scale are a tiny blip compared to other areas of potential cost cutting, but is such an easy sell/decision for upper management. Whomever leads the way on outsourcing has a relatively secure seat as an SME and high degree of leverage at the bonus table. 2 demensional shareholders will cheer almost anything promising to bring more profits next year.

Make no mistake, this is not benefitial for the long term outlook for the company as a whole.


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| 1431 views | | 6 replies (last September 3) | Reply
Post ID: @OP+1k3vvrha8

6 replies (most recent on top)

@sc
Won't work great, bofa clients are in the USA! Time over time it has been shown the scams that have been happening due to Indians Selling all the private info. If the outsourcing does occur it's the downfall of Bofa.

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Post ID: @z8+1k3vvrha8

Well considering the current state of affairs between India and the US, perhaps we will stop offshoring to India in general one day soon, and place a massive tax on corporations (such as ours) who continue to prefer cheap India labor over US labor. Quite frankly, I can’t understand 80% of what they say to me because of the language barrier, and I should not be the one to be burden by that when I’m trying to get help on something and get routed in that direction. This is the exact reason why I refuse to deal with Verizon, and have boycotted them for the last decade.

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Post ID: @w1+1k3vvrha8

Will AI be able to do enough that on-shore staff can do most everything, using India only for overnight? Pipe dream, likely.

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Post ID: @vg+1k3vvrha8

The Bank tried this 15 years ago and it failed spectacularly. They're not going to outsource when the in-house knowledge is still on-shore and needed to train the AI models that will ultimately replace you. The Bank will just skip a repeat of the failed past and move on the hot, new mode of failure.

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Post ID: @v8+1k3vvrha8

Will work great once they relocate the company to India.

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Post ID: @sc+1k3vvrha8

: ) most folks who make the decision simply don't care......

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Post ID: @jd+1k3vvrha8

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