Thread regarding Wells Fargo & Co. layoffs

Ever since divorce/ marriage became a cottage industry to sc--w over men and suddenly amplify women with untaxed income, the working world has suffered. What Wells Fargo and Upchuck Sharf and that worthless if it former Chairwoman Betsy have done is ruin millions of lives for their own lucrative bank accounts. And how have Stumpf, Tolstedt, Conboy, Shelle, Sloan and others not done a day in jail?

So many good people got fu---d. So many bad people got rich.

Waaaaaaaahhhhhhh! Want you to retire so I can have your job since I am not qualified or capable enough to do the job. Gimme gimme gimme!

Wells Fargo is a real toxic shithole. No wonder it is listed as the most hated bank by American customers.

OP - you want/need people to retire - why? Waiting to hear....

If Wells Fargo is filled with losers who discriminate minorities, women, older people, disabled people, then, I really don't care if tens of thousands of people are getting laid off. This company is rotten from the top to the bottom, it's a useless shithole. I hope Wells Fargo will bankrupt and disappear some day. I am getting out of here before I lose my soul.

OP,
"Is this job truly serving you, or is it merely a "retirement job" that you're holding onto?"

• Both.

"So, why continue to occupy positions that make you unhappy."

• Because I am close to retirement and can handle the chaos. I am willing to bet that there is a better than 75% chance you ageist, younger people would not hire me to finish out my career. Even if I have the skills. I would hope you would, but too many examples are out there.

Your narrow minded. Expected since well, after all, there is that lack of wisdom with such an argument. And, it probably shows in your work.

One Boomer boomin it all up in there.

@1gno+1pb9veAx
I am not a 62+ female employee middle manager, btw. It isn’t just enabling that drives some of these parents. Some have children/young adults with special needs. You hear people saying they can retire…blah blah, but it may be embarrassing for some to admit that circumstances kept them from saving enough, so they are doing what they have to do until they can retire.
Targeting the women is especially sickening to me. Why them but not the 62+ men in your rant?
Hopefully your parents are retired. You are the exception in handling your financial responsibilities without some support.

Did your parents pay for your college? Loans

Did they gift you anything toward your wedding? All me

Did they gift you anything for a house down payment? Not at all

Did they contribute to your retirement accounts for you? Lol no

Do they give you any monetary gifts? Nope

Sounds like a bunch of enabler parents allowing their kids to smooch. So now we need to deal with your indifferent as--s because of your parenting mistakes??

Tired of female middle manager baby boomer women with bad attitudes. Move on!!

The problem isn’t the boomers or the millennials. It is, and always has been our government. Health care costs in this country are prohibitively expensive. If you retire at say 60 years old that means you are paying out of pocket for health insurance for the next 6 years. Let’s say your spouse also retires “early”….that’s probably around 20-30k p/year for decent coverage. Since you’re too young to qualify for SS and having recently retired you are now totally dependent on investment income (unless of course you have alternative income streams such as rental units, etc..in which case kudos to you). Now, the problem with investment income is that markets are highly volatile. What if the markets tank at the wrong time? This is the predicament many boomers are in at the moment. If our government provided reasonable health care benefits like most European nations many of these people would be long gone which in reality would be a win/win all around.

Breaking news OP, those roles you feel like the boomers are squatting in? They won't make younger people happy either. So take a chill pill and keep looking for your next role.

This is an open letter to the du&b a$s that posted this. We as parents are having to still help support you since you are unable to get a job and support yourself. You jump from job to job. You have no sense of work ethic or loyalty to anyone but your selfish self. We paid for college so you did not have to take out student loans. You are the co workers that do nothing. Get a reality check

OP-they can’t get enough together to retire, so they work. Health insurance prior to Medicare is HUGE! They had an entire leg of the retirement stool wiped right out from under them. Don’t fault them for trying to stay out of their kids pockets, knowing that their kids just can’t/won’t be able to help.
Let me ask you:

1. Did your parents pay for your college?
2. Did they gift you anything toward your wedding?
3. Did they gift you anything for a house down payment?
4. Did they contribute to your retirement accounts for you?
5. Do they give you any monetary gifts?

Get your grubby generational paws out of their pockets and maybe they will get there!

What a dum@ post. I keep working because your age group is lazy and can’t do sh&t!

I really like @hxg+1pb9veAx ‘s suggestion bellow. I am onboard.

All I can say is good luck to the people left behind. You’ll need it. The true talent has left the building. Peace out!

Do you think I must feel guilt of some sort? I got tagged a few months ago after almost 40 years and collecting SS for 5 years. Does somebody owe you something? Feeling a sense of entitlement? 14 mos of pay and benefits and enjoying it. You sound like a whiny little b…. Try to own your own sh.t until you grow up and can handle it. Wisdom grows with age grasshopper.

Kicking out the Golden Girls will do nothing to the fact that this company is run by a bunch of mo--ns.

@vyi
I’m retiring soon, pre Medicare. Since you were medicare eligible when you left, I’m wondering what the senior advantage plan also helped with? It sounds like something perhaps I should investigate- 62.5 when I retire in 2024
Thanks

Gotta love how boomer narcissism runs so deep the idea of others working for the common good, as suggested in @hxg+1pb9veAx ‘s comment, got downvote spammed by the board lunatic.

What a garbage generation. An embarrassment to their parents who actually tried to leave the world a better place.

Nobody in tech for over 20 years at…Wells Fargo should be bragging about it

Having over 20 years with the bank in tech, i have see a lot. I'm on so many calls where the young 'energy' goes in the wrong direction. Sometimes I politely offer alternatives other times its get off the train and watch the wreck. It's more get off the train now.

Age discrimination is illegal, mind you all.

I am willing to take a paycut and pay for your medical insurance. In the long run everyone comes out ahead. Life is short so retires need to move on and enjoy the rest of their life and the younger workforce needs new opportunities to grow and innovate.

As another poster already commented healthcare expenses are a major factor in deciding when to leave/retire. If you leave the bank before 65 you either COBRA (expensive), are added to your significant others insurance or you pay out of pocket. Additionally, a retirement package from WF does not exist for most employees due to a specific formula. I left WF when Medicare eligible and joined a Senior Advantage Medical plan. I also had two non-WF pensions and took Social Security at 66. Lastly, my brokerage accounts are untouched for now. It is not as easy as just leaving. I thought about hanging around until displaced to collect severance, but in my case it wasn’t worth the aggravation and I had other options. Everyone doesn’t and I respect the fact that due to circumstances some need to work until of age or displaced. I have a tremendous amount of empathy for what is happening at what was a former great bank. Some folks are miserable and barely hanging on, others are quiet quitting, and a great number are holding out for their severance. I image there are some who may even enjoy the work. Whatever the situation, to ALL of you take care of yourselves. Because the minute you leave your work is reassigned and the band plays on.

I can't wait until you id--t's in your 30s and 40s get to your 60s. I'm sure you'll be touting your experience and wisdom when it's your turn. Let's see how you feel with the ageism that seems to be the only acceptable does if discrimination allowed.

Who are you to decide at what age people should retire. What a d-mb&ss. Hope you get axed you mor@n

These old fogies need to gtfo and stop keeping us locked in their office delusion.

What a stupid post. You do realize that men get screwed over by gold diggers and have to pay child support (which never aids the child) to skanks for years if not decades? And the guy has to work long after they want to just to have their own money once the hooks are out.

OP, I'm going to work until 70 just to pi-s you off. Now go F yourself.

Wow. There are more baby boomers at WF than I thought. So tired of the female working in her 60s with a retired husband at home golfing and fishing. Leave!

Wouldn’t it be nice if all the older people just retired so the younger people could keep their jobs?

Hahahahahahaha! Not happening, su---r. You’ll have to just hope you keep your job based on your own “abilities”.

You can really see the boomers’ institutional knowledge paying dividends here with the bloated, ethically bankrupt corporation living in the technological stone age they created.

Great work, guys, keep patting yourselves on the back for that 😆

Seems like the boomers here only leverage their vaunted wisdom and experience to upvote their own bizarre stilted comments

OP is the same troll every day. Each time the topic is unique and give credit to the troll’s creativity. The troll is just trying to arouse negativity

A lot of Boomer parents are still working to pay off their ungracious kids’ college tuitions.

Other than ageism is a form of discrimination OP, there are other reasons to judge people on skills not age. Believe it or not, people over 60 have seen lots of situations and have a great deal of institutional knowledge. Sometimes management doesn’t like that because management gets push back on d-mb decisions based upon years of experience. Many younger people don’t know what they don’t know.

Why? Best to stay on and maybe be given a severance package.

You say they are "not going to give you a golden parachute". That is bs. I would say severance is a "golden parachute". That's the reward for "quietly quitting". I enjoyed parts of the job—the parts I could do without the manager's intervention. Tech at Wells is like remodeling a very badly designed house. If you work in a corner or a room you could re-engineer it and get it pretty decent. Keep your head down and enjoy the job. Don't look at the broad picture, the house cause its ugly.

What ? Every single remote based employee is going to be layed off, no matter if there's no office close by ? WF hubs don't assign office space. It's first come first serve which is ridiculous. Poor working environment. Not professional.

I just retired from WF at age 66. I am an expert in my field, producing quality work. I actually liked RTO and asked to come in during the pandemic. I executed my retirement plan to go to a lower paying job a couple of years before I planned because the job hopping 30 something prima donna of a director manager felt the need to humiliate me on a regular basis in front of others. I had a vast amount of institutional knowledge about how to get things done. Prima donna will be gone in two years to another bank. When I announced my retirement with two weeks' notice they were so proud of themselves that they got rid of someone without paying severance and announced that what I did would go offshore. They are so proud of themselves for "winning", but they did not take my ability or dignity. My guess is that the prima donna may be the OP.