Thread regarding Wells Fargo & Co. layoffs

Offshore / India Question - Writing on the wall?

Late last year my company began to hire India resources. At the same time we were mandated to create extremely detailed procedures/SOPs for everything we do. We've now aligned an India resource to each US team member to perform the same work. We are also doubling our India team by the end of the year. My questions are does this seem to you as obvious to me that it's only a matter of time before the US employees are replaced/laid off? For those that have gone through this, how long did it take - how much time do I have?

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| 1347 views | | 20 replies (last July 18, 2024) | Reply
Post ID: @OP+1tyyXcp0

20 replies (most recent on top)

That’s exactly what that means. Good luck to you.

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Post ID: @1fkr+1tyyXcp0

If you are training someone to do your job from India, you are absolutely going to get laid off. Sabatoge it in any way you can while you look for something else.

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Post ID: @1swz+1tyyXcp0

India is a racist third-world country. They have the Caste system, and women are treated like a 2nd class citizen. Do you want to integrate that kind of culture to our work place?

“What Managers Everywhere Must Know About Caste”

https://sloanreview.mit.edu/article/what-managers-everywhere-must-know-about-caste/

“Wells Fargo fires VP of operations in India after he 'URINATED on 72-year-old woman during business class flight from New York to New Delhi': Banking exec claims she 'condoned' it”

https://www.dailymail.co.uk/news/article-11607987/Shankar-Mishra-Wells-Fargo-VP-operations-fired-urinating-72-year-old-woman.html

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Post ID: @1ezi+1tyyXcp0

Before I retired last year, I had to put together a 4 year plan to move functions from the US to India. Plan includes average length of time needed to train the India hire, then they go into “production “ mode for a couple of months, then the US based resources gets displaced. Depends on the complexity of the function as to how much time you may have. There is a percentage assigned to all functions based on critical of work that tells how many jobs in that function can be in India. It’s a high percentage for most functions, except critical.
I believe this is a bad business model, but the C Suite didn’t ask my opinion.

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Post ID: @1zjy+1tyyXcp0

FCRM - training India in February and another round this summer, but unsure if the same folks went to train. Slowly offshoring alerting channels but can’t with more complex alerts and SARs being confidential.

New system coming too and haven’t received any training. I’m in a non hub, but was thinking I’d be gone 1st quarter next year, now I’m thinking maybe next summer. Already looking for jobs. I think they thought things were going to move faster but so far it has been bumpy. Well not organized at all. Not sure of the quality of work but WF doesn’t care about that.

Also, it does seem like they are firing folks who are habitual LOA folks.

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Post ID: @nvz+1tyyXcp0

I hear from several sources that the turnover in India is extremely high. As soon as someone is trained they leave, usually without notice. This doesn't stop the inevitable but it does delay it.

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Post ID: @eea+1tyyXcp0

Depends on the risk. Has the risk analysis been done. If the SOPs are made, risk analysis done then you should start packing. August is the big month for layoffs.

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Post ID: @jsl+1tyyXcp0

Let’s su-k and lick our indy partners hard.

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Post ID: @jky+1tyyXcp0

Our entire team was replaced-it took 6 months of KT

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Post ID: @uwb+1tyyXcp0

"AI" means "All Indians"

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Post ID: @wig+1tyyXcp0

If they've given you the line that you need to train them on your job "so that you'll be freed up to do higher-level work" then you're definitely getting laid off.

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Post ID: @qyx+1tyyXcp0

yes - absolutely yes

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Post ID: @tim+1tyyXcp0

Same thing @tam+1tyyXcp0 said happened to my former team. The process started in May. Then right before mid-January of following year there was a meeting and the fte’s were gone with no notice.

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Post ID: @aas+1tyyXcp0

@uyi "AI is going to solve that problem." - Clueless Executives

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Post ID: @uhc+1tyyXcp0

lol, wish them luck . The only good thing is they can throw many more bodies at a problem for the $$. I could make a full time job out of fixing all the code that comes back , they are absolute sh-t programmers.

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Post ID: @uyi+1tyyXcp0

As fast as they can possibly implement it.

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Post ID: @oyd+1tyyXcp0

Happened to my former team. The India staff were sold as counterparts to “follow the sun”. Then one morning, all the US employees were pulled into a surprise meeting and told they were being laid off with all work shifted to India.

How long seems to depend upon readiness of the India team to take over the work and when HR can slot in the layoffs of the US employees.

You said they are adding more India employees by the end of the year. So they aren’t ready yet.

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Post ID: @tam+1tyyXcp0

I'm not in a position to retire. Not to mention India is basically a geo political enemy of the US.

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Post ID: @rhx+1tyyXcp0

I refused this and retired. Off-Shoring is bad for America.

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Post ID: @ufp+1tyyXcp0

my Wells Fargo group (not company)

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Post ID: @cmj+1tyyXcp0

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