Thread regarding Wells Fargo & Co. layoffs

Tech going to be HP

Wondering if anyone knows how much of tech will be run by HP ultimately?. Many positions eliminated and are now Contract roles oitsourced from HP.

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| 2139 views | | 19 replies (last December 19, 2023) | Reply
Post ID: @OP+1q6inJa8

19 replies (most recent on top)

This is old news. The deal was made three years ago.

https://www.zdnet.com/article/hewlett-packard-enterprise-touts-wells-fargo-as-biggest-win-to-date-for-greenlake-cloud-platform/

The Wells Fargo private cloud will be running on the HP platform.

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Post ID: @3ajl+1q6inJa8

Last I heard little is changing with the data centers, though some will be operated by our people on another company's land. Basically "colo" without the "co".

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Post ID: @2izr+1q6inJa8

Moving to HP as the vendor for operations aligns with the move to cloud. Wake the fuuuck up people and save yourselves.

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Post ID: @2dzf+1q6inJa8

Outsource what part of IT to HP is the question. In the company I was at before wells, they outsourced their IT operations to IBM for a bunch of years. I think they brought it back in at some point.

New data centers are being built in Dallas etc. So is it possible all the infrastructure and ops gets outsourced? Yeah. Development won't go to HP. that'll stay in house wiht offshoring to India and the Philippines.

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Post ID: @2vze+1q6inJa8

@1hke+1q6inJa8

It's not just tech. Everything that can be outsourced, contracted, or automated will be. Hudson Yards wants the absolute min number of domestic employees possible. There will be some, but probably 10% or less of the number this company has had in recent decades.

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Post ID: @2sxt+1q6inJa8

Does chase use HP?

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Post ID: @1wgs+1q6inJa8

I worked in tech or until they laid me off 8 months ago. The job I did was taken away from what HP did almost 12 years ago. So, it sounds like they are going to do what chase did years ago. I'm working now with an IT guy that worked for Chase years ago and they basically canned a thousands of people in IT and Hired HP to take over. Doesn't surprise me one bit that WF's wheel has come full circle, and they are going back to the old model. Which was removed 12 years ago because support su-ked so bad with HP. Granted, when I left HP still did some work, but I guess its ramping back up. Foolish.

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Post ID: @1rnm+1q6inJa8

@1hke+1q6inJa8 Link to 1 statement where CS has said anything like that. Never heard it myself

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Post ID: @1ibj+1q6inJa8

They kind of already revealed it when they announced that WF was going to shut down every single WF datacenter by 2028 and only have the 4 outsourced datacenters owned by Google and Microsoft that WF would be leasing space in:

https://newsroom.wf.com/English/news-releases/news-release-details/2021/Wells-Fargo-Announces-New-Digital-Infrastructure-Strategy-and-Strategic-Partnerships-With-Microsoft-Google-Cloud/default.aspx

Read the press release from WF itself in the link above. It starts with outsourcing the ownership of the datacenters, then it progresses into outsourcing as many services as possible (Service Now and many, many other applications that used to be in-house are now 3rd party cloud provided by other companies), then eventually it will be the total outsourcing of all technology to a 3rd party.

I don't know if it would be HP (doubt it, personally) but a ton of the statements from CS have been around the idea that he only wants WF to be providing financial services, not being a software development firm, or a money-losing datacenter provider. It is very much plausible that the long-term goal is for zero Wells Fargo technology workers, and the only WF employees to be in the banking and investment part of the company.

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Post ID: @1hke+1q6inJa8

Well with TK's incompetence, outsourcing IT to a 3rd party might end up being the best solution for the bank to keep any systems up and running.

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Post ID: @yfj+1q6inJa8

@ajt+1q6inJa8 What the he-l are you eventalking about? It's the Indians in India that are taking our jobs. While being condescending and unknowledgeable at the same time.

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Post ID: @qvj+1q6inJa8

They are not Americans so stop the BS. They are pushing older Americans out of it in Wells Fargo to hire these sand people.

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Post ID: @wfh+1q6inJa8

Through H1B and offshoring, companies hurt all American, regardless of race.

Do you see many 40+ year old H1 B visa workers? I don't think so, because all companies fire them too.

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Post ID: @pps+1q6inJa8

Do some of you know that some of the Indians you all keep insulting are also Americans? So when the last commenter says WF hates Americans because he/she thinks Indians are going to take over , just remember that some of those Indians are Americans, the same as some of you are part Irish or part German, etc.

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Post ID: @ajt+1q6inJa8

Amex doing this with IBM was a disaster

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Post ID: @znu+1q6inJa8

I booked my tickets to India!

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Post ID: @qxj+1q6inJa8

This is probably done to expand outsourcing + H1B:

500 H1bs from Wells Fargo
https://www.myvisajobs.com/Visa-Sponsor/Wells-Fargo-Bank/594177.htm

500 H1bs from HP
https://www.myvisajobs.com/Visa-Sponsor/Hewlett-Packard-Enterprise/1266562.htm

Total 1000+ H1b each year. Media never knows.

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Post ID: @lbs+1q6inJa8

HP? Hewlit-Packard??

What the...?!

No way. I'm getting some nacho fries from Taco Bell instead, with an extra cheese on the side.

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Post ID: @ozf+1q6inJa8

Nah, tech is going to India and what’s left here will be run by Indians here. Wells Fargo hates Americans

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Post ID: @dah+1q6inJa8

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