Thread regarding Wells Fargo & Co. layoffs

Offshoring and ongoing Layoffs Facts and Salaries

Layoff’s to continue through end of June.

Why do we even bother to offshore anymore? Based on all the recent hiring of offshore individuals that continue, I would suspect that layoffs will coincide with this. I am not sure where the cost savings comes in except for the unfortunate individuals who will not receive severance because of We-ponized RTO, or some other baby bloomin politics.

It is pathetic how shortsighted our leaders are! These Jabronis are literally hiring people that barely speak English, from a country that doesn’t have any privacy laws and paying these offshore hires six figures.

There is no such thing as being a loyal anymore. I’m sure the captain is navigating this ship so he could lay off or fire people that are entitled to a severance. This way he can get his seven figure raise based on shortsighted cost savings initiatives. If anyone bothered to do a drill down on the data you would see that off shoring would/does create a big risk to the company.

I think it’s safe to say that the company is on a multi year, effort, to increase it’s risk, find ways to get around adding the necessary controls, and probably apply for extensions until the captain jumps ship.

So keep this in mind when you think about being loyal to your employer, or why they make absurd office policies that make no sense except to drive attrition, and lose talent across the company.

Stop letting these bank leaders scare you about this so-called recession nonsense. Take care of YOURSELF and only worry about you!! If you do that, You will now be in line with the company’s leadership motives/mindset.

FACT IS! The grass is much much greener on the other side. There are plenty of jobs out there in this industry. They also pay much better than this company. It took me a few years to figure this out, however leaving for a competitor last year is the best thing I did for my mind, body, and my wallet!

If you don’t believe me, see for yourself how much WF is paying these offshore candybums! Everything posted/said is public information.

#WELLSFARGOPROBLEMS
#THETRUTHHURTS
#INEQUALITY

LCA Case Number H1B Job Title Location (city,state) Base Salary Start Date Prevailing Wage Level Status
I-200-22356-657305 Senior Software Engineer Charlotte, NC $106,561 21-Jun-2023 N/A Certified
I-200-22356-657120 Senior Software Engineer Charlotte, NC $106,561 14-Jun-2023 N/A Certified
I-200-22356-656968 Lead Software Engineer Charlotte, NC $139,027 14-Jun-2023 Level IV Certified
I-200-22356-656899 Lead Analytics Consultant Fremont, CA $110,972 14-Jun-2023 N/A Certified
I-200-22354-651568 Senior Software Engineer Concord, CA $132,260 14-Jun-2023 N/A Certified
I-200-22356-658117 Senior Software Engineer Charlotte, NC $106,561 07-Jun-2023 N/A Certified
I-200-22356-657244 Lead Software Engineer Charlotte, NC $139,027 07-Jun-2023 Level IV Certified
I-200-22356-657214 Senior Software Engineer Charlotte, NC $106,561 07-Jun-2023 N/A Certified
I-200-22356-656997 Lead Software Engineer Charlotte, NC $139,027 07-Jun-2023 Level IV Certified
I-200-22343-632019 Lead Software Engineer Des Moines, IA $113,651 27-May-2023 Level IV Certified
I-200-22332-607712 Software Engineering Manager Charlotte, NC $134,433 22-May-2023 N/A Certified
I-200-22314-579086 Senior Software Engineer Saint Louis, MO $122,970 10-May-2023 Level IV Certified
I-200-22311-573766 Senior Quantitative Analytics Spec… San Francisco, CA $133,300 08-May-2023 Level I Certified
I-200-22308-569958 Information Security Engineer Charlotte, NC $104,770 04-May-2023 Level II Certified
I-200-22308-569936 Senior Software Engineer Charlotte, NC $106,561 04-May-2023 N/A Certified
I-200-22308-569897 Lead Software Engineer Charlotte, NC $139,027 04-May-2023 Level IV Certified
I-200-22308-570022 Lead Software Engineer San Francisco, CA $183,310 03-May-2023 Level IV Certified
I-200-22307-566745 Lead Software Engineer Charlotte, NC $111,100 02-May-2023 N/A Certified
I-200-22306-564647 Senior Data Engineer Concord, CA $132,260 02-May-2023 N/A Certified
I-200-22305-562614 Senior Software Engineer Chandler, AZ $136,552 01-May-2023 Level IV Certified
I-200-22308-568798 Senior Quantitative Analytics Spec… Fremont, CA $134,118 30-Apr-2023 Level I Certified
I-200-22307-566805 Senior Software Engineer Charlotte, NC $106,561 28-Apr-2023 N/A Certified
I-200-22304-560115 Lead Software Engineer San Francisco, CA $133,300 28-Apr-2023 N/A Certified
I-200-22304-559460 Principal Engineer San Francisco, CA $183,310 28-Apr-2023 Level IV Certified
I-200-22356-657315 Senior Software Engineer Minneapolis, MN $105,500 14-Apr-2023 N/A Certified
I-200-22327-603344 Senior Software Engineer San Leandro, CA $160,026 12-Apr-2023 N/A Certified
I-200-22286-528061 Lead Software Engineer Charlotte, NC $120,004 10-Apr-2023 N/A Certified
I-200-22283-520948 Lead Data Engineer Fremont, CA $130,000 07-Apr-2023 N/A Certified
I-200-22283-520963 Senior Software Engineer Charlotte, NC $120,004 06-Apr-2023 N/A Certified
I-200-22283-520995 Lead Software Engineer San Francisco, CA $133,300 05-Apr-2023 N/A Certified
I-200-22283-520350 Senior Institutional Investment Op… Charlotte, NC $78,395 05-Apr-2023 Level II Certified
I-200-22279-516076 Quantitative Analytics Associate San Francisco, CA $126,277 04-Apr-2023 Level II Certified
I-200-22279-516073 Lead Software Engineer Charlotte, NC $139,027 04-Apr-2023 Level IV Certified
I-200-22277-509395 Senior Software Engineer San Leandro, CA $149,822 03-Apr-2023 N/A Denied
I-200-22356-657223 Senior Software Engineer St Louis, MO $122,970 01-Apr-2023 Level IV Certified
I-200-22276-507090 Lead Quantitative Analytics Specia… Charlotte, NC $120,400 30-Mar-2023 Level IV Certified
I-200-22273-504677 Senior Lead Analytics Consultant Minneapolis, MN $123,386 28-Mar-2023 Level IV Certified
I-200-22273-504492 Senior Data Engineer Minneapolis, MN $130,998 28-Mar-2023 Level IV Certified
I-200-22272-501503 Quantitative Analytics Specialist Charlotte, NC $134,784 28-Mar-2023 Level IV Certified
I-200-22271-498863 Senior Infrastructure Engineer Chandler, AZ $112,031 27-Mar-2023 N/A Certified
I-200-22270-497611 Senior Specialty Software Engineer Charlotte, NC $139,027 27-Mar-2023 Level IV Certified
I-200-22270-497582 Lead Software Engineer Irving, TX $111,100 27-Mar-2023 N/A Certified
I-200-22283-519741 Senior Software Engineer Charlotte, NC $109,746 24-Mar-2023 N/A Certified
I-200-22278-512423 Senior Infrastructure Engineer Charlotte, NC $111,713 24-Mar-2023 N/A Certified
I-200-22276-507310 Senior Software Engineer Charlotte, NC $109,746 24-Mar-2023 N/A Denied
I-200-22273-503006 Senior Software Engineer Charlotte, NC $109,746 24-Mar-2023 N/A Certified
I-200-22272-502949 Lead Data Management Analyst Charlotte, NC $118,539 24-Mar-2023 Level IV Certified
I-200-22272-502721 Lead Software Engineer San Francisco, CA $133,300 24-Mar-2023 N/A Certified
I-200-22272-502637 Lead Software Engineer Glen Allen, VA $130,915 24-Mar-2023 Level IV Certified
I-200-22270-497195 Lead Software Engineer Charlotte, NC $139,027 24-Mar-2023 Level IV Certified
I-200-22269-494290 Senior Software Engineer San Francisco, CA $123,612 24-Mar-2023 N/A Certified
I-200-22279-516060 Lead Technology Business Systems C… Charlotte, NC $120,702 17-Mar-2023 Level IV Certified
I-200-22269-494289 Senior Software Engineer Charlotte, NC $109,746 08-Mar-2023 N/A Certified
I-200-22271-499002 Senior Software Engineer Charlotte, NC $109,746 06-Mar-2023 N/A Certified
I-200-22308-569754 Senior Software Engineer San Leandro, CA $116,891 02-Mar-2023 N/A Certified
I-200-22301-557432 Software Engineering Associate Man… Charlotte, NC $117,582 20-Feb-2023 Level IV Certified
I-200-22279-516066 Senior Software Engineer Summit, NJ $157,477 07-Feb-2023 Level IV Certified
I-200-22356-655935 Senior Software Engineer Irving, TX $117,972 03-Jan-2023 N/A Certified
I-200-22356-657236 Lead Software Engineer Minneapolis, MN $130,998 02-Jan-2023 Level IV Certified
I-200-22356-656923 Credit Risk Senior Manager Charlotte, NC $151,445 01-Jan-2023 Level IV Certified
I-200-22354-651600 Lead Data Engineer New York, NY $157,477 28-Dec-2022 Level IV Certified
I-200-22349-643756 Senior Software Engineer Charlotte, NC $139,027 26-Dec-2022 Level IV Certified
I-200-22347-637866 Lead Software Engineer Concord, CA $183,310 25-Dec-2022 Level IV Certified
I-200-22347-637214 Lead Software Engineer Salt Lake City, UT $132,184 21-Dec-2022 Level IV Certified
I-200-22343-632515 Senior Software Engineer Charlotte, NC $106,561 18-Dec-2022 N/A Certified
I-200-22340-623983 Lead Software Engineer Charlotte, NC $139,027 15-Dec-2022 Level IV Certified
I-200-22339-622292 Lead Software Engineer Pittsburgh, PA $139,027 14-Dec-2022 Level IV Certified
I-200-22335-616079 Senior Software Engineer Charlotte, NC $106,561 14-Dec-2022 N/A Certified
I-200-22336-618566 Lead Software Engineer Charlotte, NC $157,477 13-Dec-2022 Level IV Certified
I-200-22335-615076 Senior Software Engineer Charlotte, NC $106,561 13-Dec-2022 N/A Certified
I-200-22334-612338 Senior Software Engineer Charlotte, NC $139,027 12-Dec-2022 Level IV Certified
I-200-22334-611127 Senior Software Engineer Charlotte, NC $139,027 12-Dec-2022 Level IV Certified
I-200-22336-616464 Software Engineer Minneapolis, MN $119,057 11-Dec-2022 N/A Certified
I-200-22334-612748 Senior Software Engineer Charlotte, NC $106,561 11-Dec-2022 N/A Certified

DATASOURCE:
https://h1bgrader.com/h1b-sponsors/wells-fargo-bank-na-510jeye2vo/lca/2023

by Anonymous
| 2961 views | | 11 replies (last April 8, 2023) | Reply
Post ID: @OP+1m0NtTJ3
Comment! It's anonymous!

11 replies (most recent on top)

I'm an analyst at WFB and they have been introducing the India team slowly to "help" us so we can focus on high-level tasks. They are pushing us to essentially train them to do our jobs and we need to work w/ them to train them to essentially replace us. WFB hired us as analysts and they don't think we can't see what's their doing. I prefer you be straight up & say what is actually going on instead of trying to be sly. It's stupid for WFB to replace analyst work to India as the point of starting off as an analyst is to understand the foundational finances/UW and after you get your rounds in, then it starts to click & you can work your way up to fully understanding all aspects of the deal & catch anything that looks off. I love Indian food & the people, but they are just not qualified and will never be to do what us US-based analysts are doing. There is also no real connection/care to what is behind those numbers they are spreading for us either & they don't meet the clients/see the businesses/real estate. Executives at the top are not making the best decisions.

by Anonymous
| | Reply
Post ID: @2fxf+1m0NtTJ3

H1B was brought in to “fill’ technical positions that could not be filled by American workers…..such BS, it is used to bring in low paid, less talented drones to fill body count so they can try and keep the lights on after letting go US support. Let’s just keep giving away our jobs and build a middle class for a country that doesn’t particularly like us and that our bank can never do business in because all banks are state controlled. Hence why WF is only listed as a service company rather than a bank or financial institution. Wake up America.

by Anonymous
| | Reply
Post ID: @1etg+1m0NtTJ3

@djf

WFC doesn’t have a Senior Lead Software Engineer title. It goes from Lead(P4) to Principal(P5).

by Anonymous
| | Reply
Post ID: @1qbc+1m0NtTJ3

From someone that is employed on a visa at Wells Fargo these numbers often fall short. My entry in the H1B database is about 30k off my base salary. I think these numbers are taken from the LCA which the immigration attorneys submit.

by Anonymous
| | Reply
Post ID: @xlx+1m0NtTJ3

H1B visa brings workers from China and India. Why should we hire and train them?

by Anonymous
| | Reply
Post ID: @szh+1m0NtTJ3

Those salaries are actually low. Sr. Lead Software Engineer here in Chandler at $215k plus bonus. US citizen 8 years with WFC.

by Anonymous
| | Reply
Post ID: @djf+1m0NtTJ3

And those salaries are for those already here in the US. If a foreign national is already here and needs a sponsor employer to extend or apply for a work visa, not the salaries they pay in India/Philippines.

by Anonymous
| | Reply
Post ID: @rdp+1m0NtTJ3

I’m loyal to whoever will give me the most money for the least amount of he-l. That’s how I’ve survived at the WF clown town for almost 20 years. It’s a fine line.

by Anonymous
| | Reply
Post ID: @tza+1m0NtTJ3

Why are we giving our jobs to them?

India takes our jobs through H1B and outsourcing, then works on de-dollarization on our backs. China is clearly fighting an economic, technology war.

What if one day Petro Dollar is no more, and it is Petro Yuan tomorrow?

https://www.msn.com/en-us/news/world/explained-why-india-andamp-other-brics-nations-want-to-create-a-new-currency-for-trade-payments/ar-AA19sd1c

by Anonymous
| | Reply
Post ID: @eco+1m0NtTJ3

I was shocked to see these salaries. I wish I got out of Wells 3 years before I was laid off. But... like many, I was coasting towards retirement. D-mb.

by Anonymous
| | Reply
Post ID: @wdg+1m0NtTJ3

H1B is used because in order to compete to hire American workers, they'd have to pay more. Those salary numbers are at the bottom end of the pay scale. They'd have to add $30K to $40K to get an American new hire.

by Anonymous
| | Reply
Post ID: @lwm+1m0NtTJ3

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