Thread regarding Wells Fargo & Co. layoffs

The two current USA Presidential candidates are in the 70's age range, one almost 80's. Why on Earth would a company think that anyone in their 40's, 50's or 60's is actually "too old" to do the job? They are not. In fact it is actually the "older" employees who have the required business and technical skills required to do the job correctly. People are not retiring at age 65 anymore, that was back when social security full retirement age was 65 and employees had real pensions. While at work I told a younger male Wells Fargo employee, 30's age group, that his generation was "in charge now". His quick come back was "NO your generation is in charge". I was around 60 years old at the time. The young employees rely on the old employees to train them and manage them. That's what that kid told me.

The average EEOC investigator is juggling about 300 cases these days. Good luck getting a sympathetic ear. Best option is to get them to green-light a private lawsuit. Then you have to find an attorney that will handle a class action without a high front end retainer...

@gzv actually a bunch of contractor have been let go or scaled way back in hours. Just because something isn’t happening in your area doesn’t mean it isn’t happening.

We had 7 layoffs in my department 3 years ago. 6 of them were “understandable” - I hate to say that, but they were employees who had some issues. The 7th was a good performer, mid-30’s, seemed to be the only one on his team who cared about getting things right. Respected by all. The speculation was that he was the poor guy who balanced the scales as far as age, gender and race, in order for WFC to avoid the appearance of any biases. Could obviously never prove that.

I thought Charles made comments about being “astonished how many consultants we had” and was getting rid of them?

They for sure need to get rid of 50k+ people, company is too heavy. They do not need to be hiring anywhere not in US or outside of US. Who's is rowing this boat, its going to sink!

Amen! Sick of these companies saying one thing and doing another. Skirting right up to the line re: the law (many going over it).

Everyone gets older. And feeling vulnerable, when your skills and performance have not declined, is awful.

(Let myopic boomer bashing begin.)