Thread regarding Wells Fargo & Co. layoffs

Where would you consider transitioning

If you wanted to leave banking and that’s all the experience you have for 15+ years now?
What industries would you consider? Just curious. I’m so tired of these banks, big ones at least. Tired of the sham CEOs, toxic culture, and being treated like another number instead of an actual human being from the top on down.
The continual removal or downgrading of any benefits while the company gives little raises and no development, while the company makes more and more off our backs, I’m so done.
Willing to take a pay cut to feel like a person.

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Post ID: @OP+1keQS16d

18 replies (most recent on top)

Medical field. I am married to someone in that field, they are in demand, have incredible advancement opportunities, and are paid well. They have to work hard but that never bothered me, I do that now.

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Post ID: @5php+1keQS16d

The Bunny Ranch

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Post ID: @4kgo+1keQS16d

I was in finance so it was very easy for me to jump industries all the time and i did. Only way to give myself a good raise, changing jobs was at minimum 10-20 percent increase. Stay in a company 15 years you are no longer marketable

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Post ID: @3hdh+1keQS16d

those of you who are trumpeting union type jobs are ignoring the physical toll these jobs take on the body. Many are physically not able to work in their 50's.

I just had a long chat with a professional painter age 50 who can now only paint walls because his shoulders were shot ten yeara before. Similar conversation with my plumber who could barely walk due to shot knees and hips.

The ones in the trades that made it are the ones who hung a shingle and in essence became an office worker like the rest of us.

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Post ID: @2nue+1keQS16d

Charlie's limo driver. I heard he tips well.

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Post ID: @2mfb+1keQS16d

Staying in the business: I would check out Ed Jones. I have friends who work there and say the vibe is good, they are very team-oriented, the emphasis is on employee growth and learning, and they are all doing well financially with their investments in the limited partnership. (MUCH better than any of us have done with dead- in- the -water WFC stock.)

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Post ID: @1pej+1keQS16d

After 17 years working on credit risk and business rules for automated systems, I left for a job with the federal government working on business rules for automated systems. Look for “direct hire” positions on usajobs.gov in project management, IT, management analysis, etc. Never doubt your skills are transferable. Oh, and I make 20% more than at Wells Fargo.

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Post ID: @1efd+1keQS16d

@neo

Just because the bill was called "Inflation Reduction Act" doesn't mean it reduced, or will reduce, inflation. It's not against the law to name a bill something other than what it really is.

Remember the multi trillion dollar "COVID relief bill"? Yeah... Less than 10% of that actually went to COVID-related expenses. The other 90+% went to rich people. Yet the party that you erroneously believe is the "working class party" tells you how great that bill is/was, don't they?

Rs don't vote 'no' on things to be mean. They have insight and information that you don't have. The laughably named "inflation reduction act" - how's that going? Is inflation going down? Is it projected to go down anytime soon? No? Hmm... It's almost like the govt just printed hundreds of billions of dollars, and we're all scratching our heads wondering why inflation is a record high with no end in sight.

So many people have been brainwashed to believe that D = good and R = bad. Branch out a bit when it comes to getting your information. You're probably getting all of it from NYT, WaPo, NBC, etc. They're all the same - they never contradict each other. They're all in lock step to do the will of the DNC, and unfortunately, it works on a lot of people.

Try a little harder, you'll find independent journalists that tell the truth.

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Post ID: @uqy+1keQS16d

You'll need to go smaller or private. You just described all big companies

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Post ID: @gjx+1keQS16d

All this talk about shop being taken out of school. Maybe stop getting distracted by CRT that isn’t happening and vote for school board members who are going to bring curriculum that is needed.

The Inflation Reduction Act - that not one R voted for - is going to fund trades training to prepare people to build electric charging stations and install solar. Anyone working in banking who wants to jet would be a prime candidate for project managers and finance staff at companies doing these two things.

Met a guy who designs charging stations for QT (a convenience store chain). He has no purpose learned skills and coordinates with the municipalities of their locations for permitting and submitting plans. Makes a six figure salary.

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Post ID: @neo+1keQS16d

You are absolutely correct. The shop classes must be brought back.
There is a great need for it, and it continues to become more and more evident.

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Post ID: @irv+1keQS16d

I have been with the stagecoach for almost a quarter century and now realize that I should have been working my way up a blue-collar industry—particularly boating, in my case. I see my cousin (electrician) having fun every weekend while I'm working.

It hurts.

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Post ID: @olb+1keQS16d

You sell everything, tell your friends goodbye and you move to a low cost country.

The reason wells outsources to india is becuase labor there (and cost of living) is 90% cheaper.

Do some homework - there are plenty of livable places (not india) that are actually nice, and cost next to nothing to live there -

Yes, you could retire right now.

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Post ID: @lqx+1keQS16d

Consider what transferable skills you have that can be applied in a variety of industries. For example: communication skills can be used in many roles, problem solving is another. Be ready to tell your story of how your transferable skills can be applied in different roles or industries. Start exploring websites of companies, products or industries that interest you and see what kind of roles they have and what the work is they do. Interested in healthcare, how do the tasks you do today transfer to that? You have to look beyond your title and banking and start searching for areas you have passion and interest in.

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Post ID: @dyx+1keQS16d

@qpl+1keQS16d Interesting, isn’t it, that spending your life chained to a desk is considered prestigious, while working with your hands to build or maintain something is considered low class.

When the truth is the person you call when your heater goes down in the middle of winter has knowledge and skill far beyond the person who pushes the paperwork on your mortgage.

And if they’re good and reliable they probably make more money. Lots more. Not to mention they will never have to worry about their job being offshored.

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Post ID: @mkh+1keQS16d

@xei+1keQS16d

I think you have a valid point. After being at Wells for more than 17 years, and banking in general for even longer, I find myself frequently feeling that lining the pockets of someone else, isn't the life we're supposed to have. College was expected of me, and when I went to college, I didn't know where I would end up.

I have to admit, your idea of being a cranberry farmer intrigued me 🙂 A different kind of life certainly sounds appealing, although it's hard to make a drastic change. I wonder how many people would have preferred a trade profession had that been encouraged more, rather than go to college and get an office job, or something similar.

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Post ID: @qpl+1keQS16d

That's called burn out from being a slave.

Start a business, take risks, sell something, invent something, etc... GTFO now

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Post ID: @wpk+1keQS16d

Wow, what a great but tough question that everybody often thinks. I worked at WFA, have the Series 7, 63, 65, 24 and insurance licenses. Those licenses held me captive, they were hard to get and never wanted them to lapse after 24 months. Bid mistake. If I had it to do over, I woukd have learned a trade and scrapped college etc. Been a carpenter, cranberry farmer, lobsterman, electrician, etc. you will NEVER go hungry or look for a job!
Unfortunately, our elementary and high schools dropped “shop”. No one knows how to use their hands or tools anymore but they sure can surf the web and play video games. Next time your appliance, HVAC, plumbing or electrical, or automobile needs some help and you are paying allot of money, it’s because we gave up shop and sent kids to school to get worthless degrees.

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Post ID: @xei+1keQS16d

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