Thread regarding Wells Fargo & Co. layoffs

No! I was loyal for 33 years and got my pink slip. So instead if going out with a retirement party I went out with a two hour boot. Wells Fargo talks about customer loyalty. What about employee loyalty? Everyone is so enraged by what happened. Laying off long time loyal employees just shows what Wells Fargo is all about. They make a big deal about 25 plus year employees. Could they not have given long term employees the decency of letting us retire?

Not at all. I bounced around for three years and got $40k increase. A young person must do this, never be complacent unless you see real promotion potential. Even then, use that promotion to go elsewhere for the right job.

I’m in my fifties now so am ready to settle for long term if I can. Wells pays me well and my PTO is great.

Sure does. I got a year of severance. No complaints here.

I'm at exactly the level I want to be, I do not want any more promotions or advancement. Everything above me is 24/7 corporate bullsh-t. So yeah, "exploit away", I guess. That's the problem I have with some of this analysis, it doesn't really seem to take into account where you are in life and your career. Are you an entry level 24 year old? Yeah, you just probably jump around when opportunities become available. For a 60 year old guy that likes where he's at it would make no sense.

It pays, if you're part of the Wall St. frat.

Been here for over 30 years. Biggest mistake!!! Run young people, run!!! You get nothing for being loyal. No matter how much work they put on you and how much you accomplish, there is no benefit. There will always be an excuse to give you mediocre bonuses and raises and provide no promotion. At this point, I don't care any more. Gave it all and didn't get me anywhere. I'm just waiting for retirement.

@kov+1lMUkTF3 agree. They move up the chain like lightnin while anyone thats been here awhile is moved out the door or replaced overseas. They enjoy complaining about enough help and delegate others to being their adminis so they track things. I stopped taking notes on what they asked as they forget by tomorrow what they asked for today. When someone asks the status of an effort we stare back and within five minutes they say we need someone to do this and then continue talking about how great they are.

Depends who you are loyal too. Seems loyalty is working for all those buddies that came and are coming from JPM.

Loyal workers take all the risk, lower pay and made to be the villain when burnt out happens. Take a multi-year high performing worker who never gets promoted while their manager changes multiple times. All that history is lost and loyalty means what? Co-workers who are not as loyal get very similar rewards. Loyalty can only turn into unhealthy complacency. It only benefits the company, not the worker.

the article condensed: A recent study by Duke University’s Fuqua School of Business has found that loyal workers are often exploited by managers who consistently ask them to do unpaid work and take on additional job tasks more often than those who are described as “disloyal”.
According to the lead researcher Matthew Stanley, some managers may exploit loyal workers simply because they can, while others may be blind to the extent of the work they are asking of them. The study showed that loyalty is still a valued trait and employees can benefit from going the extra mile in many situations. However, employers should put measures in place to prevent the exploitation of loyal workers. Workplace expert Danielle Boris suggested that companies should consider the type of work they assign to their loyal employees, as meaningful work can help prevent burnout.
To conclude, the study suggests that managers need to be mindful of exploiting their loyal workers and put measures in place to ensure they feel valued and appreciated.

Being a loyal worker bee is not the way to get ahead. The ones that kiss a-ss... get ahead. https://www.youtube.com/shorts/C-FoT9GqSJo

you should be changing jobs every 3 to 5 years to keep your salary at market rate otherwise you're getting hosed.

Short answer is no.
Long answer is no.