Some groups in risk and compliance are getting as much as a 20% axe. Isnt this fun? What could go wrong with a bank cutting risk functions? Lets bet it all on red! Trump, that is.
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Doesn't look like it, just the right wingnut with his monomania about Risk again. People on here are so full of sh-t.
@1dq I got laid off in Risk for location strategy today.
Any layoffs happen? Haven’t heard anything today.
@b9
I'm glad I have utilized all the free AI resources and certs I have upskilled with, did as much as my peers workwise per reporting and still got an IM.
Oh, and let's forget about the non work narratives that are in the reviews that came out of left field that cannot be rebutted.
Yeah, it's that easy.
lol, as if these executive hack losers are meeting anyone's expectations. If someone expects them to be monster D-bags, then maybe. Otherwise they are beyond worthless and incredibly overpaid.
@ef unfortunately it is, and many many people got nasty emails from their O+2 about it, saying they were not meeting RTO expectations.
@d3 That's crazy to track ppls office attendance in a unit of 6 minutes.. i dont think this is real
Most cuts will be in Des Moines. They are incompetent there.
@by orm is likely operational risk management
boy you can't tell the crazy guy is spamming votes on @d3 at all, he hides it so well
There have been a lot of shady things done so they can meet their budget cuts. Tracking peoples attendance in 6 minute intervals. Employees getting Inconsistently meets "from above" without direct managers being involved. All so they can meet their targets. The "severance" is offered so you dont sue them.
@bd whole US will be hit bad except indian sites. folks can consider to learn hindu and relocate to indian l
@be what is ORM? you mean there will only be 200 ppls under flower?
It won't stop until we run out of domestic employees or Shart leaves.
ORM will eventually be 200 people
East coast going to get hit bad
Its going to be the inconsistently meets, then the non-core location people who get let go. If you do your job well, utilize co-pilot for “efficiency” you are going to good. Show up to your office when they make and do a good job. Not a hard concept.
Life so boring you need to post a thread a week out?
Sad...
compliance cuts will be severe. Too bloated with too many underperformers
Well maybe if we didn't grow risk and compliance by 50% over the last 5 years it would have seemed like a big cut. This is just bringing it back to a normal level.
If this is under corp risk , then this is a drop in the bucket.
Corp risk is huge.
Any word on if Compliance will be impacted?
Operations risk can all go and nobody would notice.
@ad Number of postings does not equal growth. Five people leave, they cut the budget you will still see three, four postings. Consent order is over, asset cap is lifted, they don't need people.
@a9 indian in overall is growing. you can go to the internal job website of wells fargo to check how many risk jobs they have opened.
@a9 India is getting hit hard too. General shrinkage.
@aa dont worry,, wells fargo will be next leiman brothers
Cannot wait for the hiring spree under the next administration when WF and other banks get hammered again
@a7 in the mean time they will move many risk related jobs to Indian~
and with current administration, deregulation will just cut more ppls from risk field.. risk groups in banks will shrink significantly
@a4 mostly id be worried only if you ever got an Inconsistently Meets. They will cut those first, then make up a bunch of reasons like RTO to fire the rest. Non-core locations I hear are getting the axe in March
with west coast hit hard
corporate risk with credit risk, market risk, operation risk,, you name it~~
I'm hearing similar and am worried for myself,
what groups?
Hey u guys! Just hopping on here to say I am starting a new job! May you all escape this dump soon and never return to this web site 💕