Thread regarding Wells Fargo & Co. layoffs

RCSA....

I can't be the only person that gets paranoid when management meets with RCSA, right? Two different areas I have worked in start working with RCSA and then layoffs and reorgs hit as soon as they are done.

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| 1558 views | | 10 replies (last March 18, 2024) | Reply
Post ID: @OP+1rx9c7rT

10 replies (most recent on top)

"RCSA is not about layoffs. It is about wordsmithing for 6 hours a day." - Largely accurate. For us it was 7 hours a day.

For 6 months.

Trying to answer questions that are impossible to answer.

That was our RCSA experience.

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Post ID: @4pcg+1rx9c7rT

Agree, the RCSA coordinators are like the prisoners that help run the concentration camp. smug and arrogant until it’s all over. Then they are the first to be dispatched while those who remain just chuckle.

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Post ID: @1bkj+1rx9c7rT

With the nasty smug attitude I have witnessed with some RCSA coordinators bye bye

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Post ID: @1mul+1rx9c7rT

Systemically documentation how a job is done such that even a team from India could do it. Yeah, nothing to see here folks! 😑

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Post ID: @1vjr+1rx9c7rT

Currently, WF has been wordsmithing a "policy book". RCSA will meet generative AI pretty soon. https://bankingjournal.aba.com/2024/03/compliance-meets-ai-a-banking-love-story/
Next will be to incorporate this policy book into the technology infrastructure of WF. Analyzing some India job postings appears this will be done by Archer GRC https://www.archerirm.com/content/grc (which incidentally just purchased a company named Compliance.AI)

Efficiencies are driven at WF by AI adoption, layoffs, and offshoring.

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Post ID: @1gnm+1rx9c7rT

It is all about Relocation (R), Cost-cutting (C), Severance (S)

Adieu (A)
Sweet Kiker

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Post ID: @ohg+1rx9c7rT

RCSA is not about layoffs. It is about wordsmithing for 6 hours a day.

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Post ID: @jhe+1rx9c7rT

RCSA Reaffirmation happens yearly. It’s a continuous part of your manager’s role.

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Post ID: @kjk+1rx9c7rT

RCSA has nothing to do with layoffs. But if an RAU lays off employees after an RCSA, yikes! They must have been doing something wrong!

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Post ID: @fck+1rx9c7rT

I don’t know, but my manager has been in RCSA meetings for two weeks now…

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Post ID: @slb+1rx9c7rT

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