Thread regarding Wells Fargo & Co. layoffs

Offshoring

How long until all of our jobs except customer facing roles are in EGS? Last record count was 46k+ over there with nearly 1k job postings open.

WFCs NYSE name will be WFEGS in no time.

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| 2490 views | | 23 replies (last March 26, 2023) | Reply
Post ID: @OP+1lMZ0utL

23 replies (most recent on top)

@1koz, you can't run an agile project without a scrum master. Although, it just takes a little secretary skills. Kinda like most of our managers.

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Post ID: @3gus+1lMZ0utL

Why not increase tax on offshoring companies?

I don't think Treasury will ever mention this because outsourcing and H-1b visa program are important tools to keep prices down.

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Post ID: @2yej+1lMZ0utL

It would help if our current president gets his head out of Ukraine and focuses on building America.
Lot of companies are and have been going offshore because

  1. Government has way too many red tape to do business in US
  2. People are very entitlement Focus and not enough what value I bring to the company.
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Post ID: @2yji+1lMZ0utL

The offshoring is absolutely sickening. Two years ago we lost 90% of our team to EGS, or WFIP. Whatever we're calling at these days. The quality of work that comes from offshore is subpar at best. The remaining members of that team spend more than 50% of our time fixing all of their mistakes. This is, by far the most pathetic company I have ever worked for.

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Post ID: @1wpf+1lMZ0utL

As far as technology is considered : Get Rid of all scrum masters. POs should be assigned at least 5 teams. Let the developers do development work. Don’t tie their hands. Make technology training and retraining mandatory. This will prevent US workers from becoming obsolete. Assign scripted mundane work only to EGS. Productivity will go up. Replacing US workers will fireback . India is not China and IT isn’t manufacturing.

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Post ID: @1koz+1lMZ0utL

That Ponzi scheme assumes jobs stays in the US.

Who will pay for yours at the rate we are sending out the jobs?

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Post ID: @1qlw+1lMZ0utL

Ummm, it doesn't pay into SS AND SS won't pay out for them. Of course, a Ponzi Scheme can always use new buy-ins.

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Post ID: @1laf+1lMZ0utL

Social Security Insolvency?

Outsourcing pays $0 to our social security fund. The same goes to all our OPT visa programs.

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Post ID: @1xjr+1lMZ0utL

The India employees are hired with same job titles as US. Yet, they are only given the easy work and even then, we have to constantly provide oversight. It's a waste. Biggest problem though is NYC and HR think these people are doing same level of work as U.S.A. since India employees have same titles. They think they can simply just send everything over there and it will run smoothly and at the same level. What a joke!!! If they send too much or all, the company will go under. It will just be a matter of time.

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Post ID: @ogm+1lMZ0utL

If you want to work for the new JP Morgan Chase, then hang around for a while if you can. Watch out for that Leo Brito guy. Don't think he's winning over too many friends with his less than friendly attitude. He can't even keep the existing platforms running on the straight and narrow without displacing a team integral to the change in how devices are migrated from one OS to another. What an id--t.

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Post ID: @qqv+1lMZ0utL

When my company was opening the AAP campus in India all the US leaders had to go through India cultural training where we learned stuff like in America “maybe” means that there’s a chance that it might get done but in India “maybe” means no they’re just too afraid to be honest…when you begin to recruit and build your teams in India you also learn things like the give three months notice once they accept your position so any urgent work that you needed done in hiring them has sat around for at least 3+ months before they start work. Often times we found that the person would use that 90 days to negotiate a better counter offer where they were or at a new company using our offer as a negotiation chip. Also in India their holidays are not the same as our holidays which makes the two teams hard to keep on the same page especially with the time difference. I had to start making my US devs have 7:00am morning meetings with the India devs to try to have an hour overlap time to make sense of the dev mess that was created the night before…they call that mess continuous integration.

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Post ID: @cml+1lMZ0utL

In the near future, the integration of AI is expected to revolutionize the development of IT applications. Armed with a sophisticated codex, AI agents like ChatGPT are anticipated to become a cost-effective and intelligent alternative to offshore development, eliminating communication barriers. For those interested in leveraging AI in their product development, learning how to prompt AI is a crucial first step. Resources such as searching "ChatGPT prompting" or "ChatGPT in product development" on YouTube can provide valuable insight into this emerging technology.

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Post ID: @fjv+1lMZ0utL

WF will have to move all their business there since no one here will have any money to put in a bank. They forget about that part. People need income to keep the economy moving. It will just die. I guess these overseas jobs won’t last long if WF loses all of their business due to no customers.

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Post ID: @gff+1lMZ0utL

There also seems to be a difference in "ownership." As in: do the right thing the first time and if you sc--w up, it's on you. Unfortunately, it sometimes takes ten times longer to get off-shore to understand what needs to be done, and even then, we need to monitor closely to make sure it is done correctly.

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Post ID: @rvi+1lMZ0utL

There will always be the language barrier. Always. It amazes me that they don't understand this breakdown with accomplishing a task or anything. The one woman that was in a meeting with me was indicating in another meeting something had been said and that it was now a requirement. This wasn't the case at all. She also spelled Boolean as bulian. I really can't get over the incompetency we are facing by going offshore. And it will never change! This has been going on for at least 20 years!!

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Post ID: @mwc+1lMZ0utL

Enjoy your "diversity" where every employee has brown hair and brown eyes.

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Post ID: @vqz+1lMZ0utL

Imagine this scenario and bound to happen, not sure in my time in WF. Dollar take dive or replaced. Indians will chase the new currency not this fake dollar. Ur jobs that u shipped will be shipped back but fellow US citizens will not be qualified to take it.

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Post ID: @qjw+1lMZ0utL

"So to all U.S. workers, we are becoming dinosaurs without a skill shift. WF is not providing this. We are the equivalent of the blue collar factory worker. The Information Age is maturing before our eyes and fundamentally changing things faster than we are adapting."

No one pushing RTO and location strategy is acknowledging that the information age even exists.

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Post ID: @ftt+1lMZ0utL

I would think that it will be a couple of years before the move to total India is complete. Timelines will be driven by knowledge transfer. Whether India remains viable related to their support of Russia is a an unknown. God Bless.

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Post ID: @qqh+1lMZ0utL

@iia, more like 60% of the cost when you consider the required onshore oversite. And that's not even considering the lower skill level, language barriers, time zone challenges etc.

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Post ID: @eis+1lMZ0utL

5 India Resources for the price of 1 US
Maybe more if you factor in tax benefits etc.

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Post ID: @iia+1lMZ0utL

In technology w/ the current effort to establish a formal product model, it really starts to hammer down the factory approach to everything. Yes the products will still be implemented to affect us in sh1tty ways, but the responsibilities to support and implement them are shifting towards task heavy and silo'd. There is less collaboration and more people doing tasks. Wish I could think of an interesting analogy to describe how incredible (ha!) it has been to experience things just happening without any synergy.

This is in opposition to the traditional model where lines are blurred. Outside of a call center/level 1 support type role, any individual's day might be filled with a combo of normal tasks, strategy/roadmap meetings, design/standards creation, being a subject matter expert or lead, managing projects, etc. Teams would partner with other teams and grow and change together. Not that this was perfect at WF ever since Norwest purchase.

Once things are reduced to tasks, EGS can grab it all quite easily without much problem. The tools are there to support this effort (ServiceNow, JIRA).

So to all U.S. workers, we are becoming dinosaurs without a skill shift. WF is not providing this. We are the equivalent of the blue collar factory worker. The Information Age is maturing before our eyes and fundamentally changing things faster than we are adapting.

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Post ID: @ttd+1lMZ0utL

All large companies are using this model. It’s the same offshore model as years earlier just repackaged as they are now full time associates of the company instead of contractors like years prior…the reality of the situation is the same issues as with the old offshoring model. I work for Advance auto parts and they have adopted the same model. It started as an additional hiring option for IT and then became a mandate to only hire in India. It has since spread to not only IT jobs but also business teams as well. Our current C suite was brought in from PepsiCo where they did the same thing. Funny how all these companies have DEI initiatives in all campus locations but for some reason the India campuses are allowed to hire 100% Indian associates.

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Post ID: @pcd+1lMZ0utL

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