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Economy |
Wells Fargo May Have Outsourced Hundreds of Americans' Jobs This Year |
2018-12-25 |
BLUF: [Breitbart] "Wells Fargo ... sent large portions of our job duties to India branch of Wells Fargo," the American worker wrote in the federal complaint. The worker said she trained workers in India for three months in order for the bank to swiftly outsource her and hundreds of U.S. workers’ jobs. Wells Fargo executives told the Observer that the bank would not certify that more American jobs would not be outsourced to foreign countries in the near future. The bank announced months ago, as Breitbart News reported, that about 26,500 workers at the multinational bank would be laid off by 2021. Wells Fargo has consistently imported foreign workers through the H-1B visa program to take high-paying, white-collar U.S. jobs. Between 2015 and 2017, Wells Fargo tried to import nearly 400 foreign workers to take jobs in the U.S. Cheap, foreign labor is the most prominent driver of multinational corporations outsourcing American workers’ jobs to third-world nations. Emphasis added |
Posted by:Besoeker |
#4 My last job in the US was in WF IT in Charlotte, NC. Morning staff meetings included me, 12 IT guys from India, and 5 IT guys dialing in from India. |
Posted by: Beau 2018-12-25 22:05 |
#3 Is this all part of their campaign to rebuild trust? |
Posted by: gorb 2018-12-25 21:29 |
#2 This is 20 year old news at Wells Fargo. They have been doing it in IT, Customer Service, and Back Office operations. Also, top management has made several horrible mistakes, and it's a case of laying off thousands of American workers or cutting the Boss's bonus. Which one do you think they're going to choose? Al |
Posted by: Frozen Al 2018-12-25 13:52 |
#1 However, as the last Bail Out demonstrated, they expect the American taxpayer to be the final underpin to the FDIC system. |
Posted by: Procopius2k 2018-12-25 08:33 |