The bank I work for has officially lost their damn minds. They came to us in 2019 about offshoring easy/mundane tasks for reporting and updates. I said it won't work because you still need a business knowledge and quick response to any issues as we are dealing with loan facilities that start at 500mm and only go up. At this time I was the manager of the team that handled risk and fed reporting, accounting, and cash/money controls, which I had cut the dead weight and cleaned up. Needless to say they now handle a good portion of what my former team does I am now no longer managing the team because they shipped all of it offshore while I am supposed to be doing more risk an libor transition work, but I spend most of my day dealing with a bunch of people offshore messing stuff up and having no idea how to do anything related to the job. They made me move off 3 solid employees and hired on 4 offshore people who cannot complete 1/3 of the work the other 3 did, or even do that 1/3 of the work correctly even with over a year of training at this point.
