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Wells Fargo shifts many jobs overseas following layoffs in the US
- downrightmike 8y agoThis way they can blame the CEO's underhanded policies, like opening up fake accounts for customers or not processing mortgage payments and getting people foreclosed on, on overseas workers/warm-bodies instead of the american workers like they did last time they got caught being outright deceitful. It would also probably help in laundering overseas money to have a larger operation out there where they can shift the blame/fines.
- downrightmike 8y agoYou can downvote me all you want. All it takes is a little time and Wells Fargo will be back to fleecing people and acting like criminals.
- pedromorgan 8y agoFree Market Capitalism ?
- pm90 8y ago> Many of the U.S. layoffs have affected call center operations, including about 460 employees cut last year when Wells Fargo announced the closure of a site in Pennsylvania. This isn't news. Call-centers/backoffice outsourcing is pretty par for the course.
- ecp9 8y agoWell I guess if it doesn't apply to us amazing, special techno mages then it's not really relevant and should be deleted. Who cares about the lives and silly struggles of those boring call center humans anyway?
- matz1 8y agoIts government job to take care their citizen. Tax these corporation and use the money for basic income, universal health care, or cheap/free housing.
- craftyguy 8y agoHey now, the 'Supreme' Court says that corporations are citizens too.
- beefeater 8y agoThe only things people actually agree are the government's job are to uphold the law and defend the country from invasion. Giving citizens hot chocolate and tomato soup when they're sick is far from an agreed purpose of government.
- dragonwriter 8y ago> The only things people actually agree are the government's job are to uphold the law People often don't agree with that except when they agree with the law.
- matz1 8y agoI don't agree with that
- sgjohnson 8y agoNot in my book. In my book the only legitimate roles of the government are law enforcement and courts.
- matz1 8y agoWhy not?
- wycs 8y agoThis will be my attitude until we are all replaced by pirated brain emulations of Linus Torvalds.
- matchagaucho 8y agoCan confirm: I've seen Wells Fargo signage popping up all around Manila in my recent visits to the Philippines. Most likely call centers.
- ralph84 8y agoExhibit 4,294,967,296 of why all of these TBTF banks should have been orderly winded down instead of bailed out.
- RhodesianHunter 8y agoPeople need to start voting with their #$@& wallets. I closed my WF accounts when all of their shenanigans came to light but their still one of the very biggest.
- koolba 8y agoThe only explanation for the continued usage of consumer banks that provide sub par service and pay paltry near-zero interest rates is the lack of basic financial education. The majority of people just don’t know any better and think switching banks is a pain. In reality it takes 15 min to open an account online.
- techsupporter 8y agoOr if you want lots of help switching, a local credit union will probably do that, too. I was in a branch of my (not very large, so not really expected to be multilingual) credit union here in Seattle about a month ago and a branch employee was walking a middle-age-appearing couple through switching their automatic debits and direct deposit and such to the account they’d recently opened. And he was doing it in German.
- Scoundreller 8y agoA credit union without any offices in New York City is a good way to protect you against the organisms described here: https://www.bloomberg.com/graphics/2018-confessions-of-judgment/ https://www.bloomberg.com/graphics/2018-confessions-of-judgm...
- tstrimple 8y agoI"ve had two separate mortgages sold without my consent to Wells Fargo. It's been pretty difficult to avoid them.
- sokoloff 8y agoThe economy is globalizing and has been for a very long time. If Wells Fargo is to compete (and let's face it, banks are competing for customers, deposits, and loans all the time), they're going to find what they think is the best value for their investment and expense dollars. It's no different when you shop around for a car, TV, phone, laptop, other electronics, or even groceries. You often seek the best value for your money and it doesn't make you a bad person, IMO.
- Scoundreller 8y agoThey’re also competing for investors. Costco’s operations aren’t too different than other retailers, but they still manage to do well while paying its employees much better than what others do.
- iscrewyou 8y agoI buy whatever I can at Costco solely for this! And Costco generally also hires older generations. I love seeing a mix of people working there. It’s an experience. So I’ll keep throwing my money at them as long as they keep this up.
- bdcravens 8y agoRemember, if you use Stripe, WF does their processing "The Payment Method Acquirer for Visa and Mastercard Transactions is Wells Fargo Bank, N.A, and you may not submit Visa and Mastercard Charges without first agreeing to the Wells Fargo Financial Services Terms. " https://stripe.com/us/ssa https://stripe.com/us/ssa https://stripe.com/wells-fargo/legal https://stripe.com/wells-fargo/legal
- Tsubasachan 8y agoWhat is banking these days anyway? A website, mobile app, plastic card and Skype if you need a mortgage. Even ATMs are getting scarce.