If the pattern of the past few years holds, we’re about to face major layoffs. Charlie doesn’t care about the holidays, all he cares about is the bottom line.
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The December 10th layoffs should be the same as all others; about 1100 maximum, though I expect they'll run close to that maximum to clear out headcount in this final month before they have their numbers ready for next year's annual report.
CS is playing the long game here, and he's said as much in the news for a couple years already. It's a long, steady process to reduce US headcount as much as possible and replace them with cheap foreign labor that doesn't need to meet US labor laws because they aren't working in America.
If you want true change, lobby for more protectionism and be willing to own less cheaply made cr-p in your house. Higher tariffs, more rules preventing companies that operate in the US from having anybody outside the US given access to US data. If the India workers can't legally see the names and information of US bank customers or employees, those jobs will evaporate because they can't do the job, thus bringing jobs back to America.
But you need to be willing to see the cost of what are currently cheap imported goods go up. So far nobody seems willing to pay more in order to protect American jobs. It's a strategy that won't last forever, even if you ignore the fact we never should have legalized permitting US banking data leaving the US.
You can get your external email send permissions back. It's a service now modify email unrestricted send/receive request.
There were major DLP rule changes that affected email going OUTSIDE the Bank. Ask your Manager about it. Even if the email was encrypted, DLP has changed the rules of what is allowed to be sent to external email addresses. This included email to Third Party Vendors.
“The first clue, I noticed I could no longer send outbound email. 14 years with WF.”
Did you not read the LOB email that came out from your op com leader in January or February. That was your first clue. Second was watching the forum here.
Insider Threat put entitlements in place earlier this year to reduce data exfil risk, client facing employees not affected for the most part. This has nothing to do with displacements.
No one cares about the American worker. Not Charlie or Trump. It's about the shareholders and the 1 % milking our lifeblood. This must be accepted until there is true worker change. Good Luck.
Some employees have always been in the "can't send external emails" group. Recently they applied it to pretty much everyone, but let requests to remove the restriction fly through with hardly any review. It seems they just want to remove the low hanging / non-complaining fruit from that kind of access. If your manager requests it, you'll get it back. It's not a sign of anything other than overreach by some risk team.
Can't send anything outside since hired.
Remote worker before Covid and in So Cal. Third Party Risk, Supply Chain. I got displaced on Tuesday. The first clue, I noticed I could no longer send outbound email. 14 years with WF.