Thread regarding Bank of New York Mellon Corp. layoffs

Gen Z quiet quitting and Banks quiet cutting

Gen Z is quiet quitting because they have seen millennials suffer through economic hardship.

https://www.businessinsider.com/gen-z-quiet-quitting-work-ethic-millennials-money-struggles-2023-10

Whatever the motive of GRU is or he might have consulted from McKinsey to hire Gen Z interns to replace and displace older millenials and Boomers, he is going to have hard time convincing Gen Z to sustain in the workforce because banks cannot sell them a pipe dream. Any Gen Z here to comment on the article above on your career aspiration to join the bank except Todd's nephew .

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Post ID: @OP+1paopELB

36 replies (most recent on top)

Unfortunately GenX on down never learned to adopt a work ethic. It is difficult to understand their mentality. Bart Simpson… a slacker and proud of it seems to be their idol.

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Post ID: @fmgm+1paopELB

I wouldn’t recommend quiet quitting at such a young age. Learn as much as you can, use every work-related opportunity you have to network outside the organization, and find a new job with a company that offers better pay and treats its employees better. This is no place to try to build a long-term career.

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Post ID: @4bqf+1paopELB

As an older gen X, I'm at a loss of words when I hear younger people use technology we created to claim they've been through so much change and hardship.

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Post ID: @4cel+1paopELB

@jsr

As an older gen Z….

LOL thanks for the chuckle

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Post ID: @4xxl+1paopELB

@mhy

Confused… so you didn’t quite quit?

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Post ID: @4pgr+1paopELB

@llv

To “Gen Z here”

You have it backwards. Because you will do the minimum amount of work to get a paycheck your attitude and and lack of work ethic will harm your efforts to get a better paying job. You will find that even friends will give Lukewarm references.

To “Gen Z here”: , I have no loyalty to this place. I will do the minimum amount of work to get a paycheck. I will leave as soon as I can find a better paying job.

Post ID: @llv

Gen Z here, I have no loyalty to this place. I will do the minimum amount of work to get a paycheck. I will leave as soon as I can find a better paying job.

4 days ago by Anonymous | 21 reactions (+20/-1)
Post ID: @llv

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Post ID: @4dbs+1paopELB

@nan

I nominate you as the leader of your generation and also as an Honorary Boomer.

Your story gives us all hope for the future.

Now, for the 30+ year olds living in your parents’ basements, roll out of bed, get a job and start paying into Social Security. We’re not raising you a third time!!!!

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Post ID: @4xrb+1paopELB

@1vvf

Excellent post. Truer words were never written.

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Post ID: @4jsk+1paopELB

@jsr

Gen z, has seen so much technology and social change?

Give us a break. Was it being asked to move out of the house that was a stressor?

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Post ID: @3ngl+1paopELB

@mhy

Excellent! Now you can focus on spelling and grammar, such as “quiet quitting.” Good luck in conquering your personal language battles.

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Post ID: @3lqu+1paopELB

@1sfa

GenX aren’t ignored, far from it. They were the Slacker generation and we couldn’t get any of them to be productive. At a certain point employers learned to keep boomers on and look for potential after GenX.

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Post ID: @2rvu+1paopELB

@2aro, so Mr Harvard, you admit that you did NOT buy a house right out of college. It was 2 years after college.

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Post ID: @2okz+1paopELB

But we know exactly how he did it. He traded off security for risk taking. One smart dude. Obviously he didn’t attend University of Phoenix with you.

sbv+1paopELB I put down $22k and rolled the closing costs into the mortgage. my loan payments are $325/mo. $325 x 24 months = $7,800 + an extra $15k I saved from tuition reimbursement that I didn’t need to apply to my loans because they were being deferred. I’m not unique, I’m 25 and lots of people I know have done something similar.

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Post ID: @2aro+1paopELB

@1lfw and @1bys, it's obvious that nobody could have enough for a down payment for a house right out of college without help from someone else. I suspect their parents forked over $20k to get them out of their basement. Of course, they could be exaggerating too since 2% mortgages were likely very, very rare if they existed at all. The lowest I ever saw was something like 2.65.

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Post ID: @1lwf+1paopELB

@tmu the only difference is they are not the same as any other generation. I was listening to some Workplace expert, saying you lay down the law and they will quit.
I asked myself why is this happening...Well, millennials and gen z have no problem living w/ their parents for free forever. They like and are comfortable being dependents.(obviously this is a generalization--more true than other generations) They don't care if they are married, they dont care if they have kids, they and their parents let them live in the basement for free as an adult privileges w/o the adult responsibilities. They don't care about anything that would take a job and pay their bills. They have a permanent safety net, until their parents die broke I guess. That is the difference, other generations had to make decisions, learn the hard way to adjust, but since they have this safety net instead of real adulthood, that is not happening. Think about it.

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Post ID: @1vvf+1paopELB

Surprised they are only displacing older millennials and Boomers. I guess Gen X still have their jobs and are not displaced.

Once again we know why they are the forgotten generation since the beginning of time. Generation X seems to be perennially overlooked in discussions regarding work and their place in society.

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Post ID: @1sfa+1paopELB

@1xvz

Obviously the poster is referring to the University of Phoenix associates graduates here who insist on misspelling quiet as “quite”. I enjoy their humorous posts.

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Post ID: @1qbq+1paopELB

@sbv

Obviously this is a smart and driven individual who saves money, likely has always worked multiple jobs, saves money and budgets. Young folks now are so utterly helpless. I’m smiling at this conversation. It makes me feel so good to see an (assume) millennial with a work ethic, discipline, good judgement and willing to take risks.

Just as the negative Nannie’s downvote every positive post, they tear down any positive post. Rather than tear this guy down for getting his act together you all ought to be learning from him.

As a boomer I’m ecstatic to read his story. You all should be emulating him.

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Post ID: @1lfw+1paopELB

@1fhy, it's quiet QUIT.
And yeah, I yelled every time I got a raise that matched inflation. I also bought a pet unicorn every time I got a raise that matched inflation.

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Post ID: @1xvz+1paopELB

@sbv

You’re talking about this dude who obviously has his act together to get some property ownership with a low 2% mortgage rate.

Children, you can all do this or something better. It beats whining about your RSUs at the bar after work squandering your paycheck.

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Post ID: @1bys+1paopELB

@olt

If you would quiet every time You got a raise that as was way less than inflation did you yell when you had one that matched inflation?

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Post ID: @1fhy+1paopELB

sbv+1paopELB I put down $22k and rolled the closing costs into the mortgage. my loan payments are $325/mo. $325 x 24 months = $7,800 + an extra $15k I saved from tuition reimbursement that I didn’t need to apply to my loans because they were being deferred. I’m not unique, I’m 25 and lots of people I know have done something similar.

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Post ID: @pzq+1paopELB

@ess, deferring a student loan wouldn't give them $10k to $20k for a down payment to buy a home right out of college.

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Post ID: @sbv+1paopELB

@bqf

I know exactly how he did it. He told us. He deferred his student loans so that he could buy and mortgage a house. And he was smart enough to do it in the recent era when interest rates were 2 5/8% and housing prices crashed.

In other words, he took a ballsy risk. This won’t seem odd to any boomer.

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Post ID: @ess+1paopELB

@baw, better ask where he got the down payment to buy a home right out of college before you pat him on the back too much.

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Post ID: @bqf+1paopELB

@nan

I admire you… as a millennial you’re exhibiting a true Boomer work ethic. You could not even imagine how many boomers are thrilled to see someone of your generation confronting life problems with a solid work ethic and intelligent adult decisions.

This is the first millennial post that I’ve ever read here that confronts adult problems. You cannot imagine how many boomers are smiling and nodding to read this. There is hope for this country…

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Post ID: @baw+1paopELB

Unfortunately GenX, GenZ and millennials weren’t raised to compete in a tough global economy as were Boomers. Boomers had to compete for jobs that kids today wouldn’t even consider lowering themselves to do.

In hindsight the hardships faced by each of the two radically different 10 year boomer generations toughened up people and prepared them for adversity. 10 years of war, followed by 10 years of creating all of our significant technologies.

It wasn’t a pleasant way to grow up but it’s far better to learn a lot about surviving tough times in your formative years. I knew virtually nobody over 23 or so who lived with their parents. That was a failure.

Looking back it’s hard to believe how

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Post ID: @frp+1paopELB

@zty+1paopELB my man, I have a $200k home with a 2% interest rate that I bought right out of college by deferring my student loans for a couple years. My mortgage is less than renting a 2 bedroom apartment.

Maybe if 30-50 year olds spent less time simping for middle aged women and their teenage daughters about pronouns and skin color, you wouldn’t be projecting your ineptitude onto me.

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Post ID: @nan+1paopELB

I would quiet quit every time I got a raise because it was always way less than inflation. It would last about anywhere from 1 to 5 days before I was back at it like a dummy.

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Post ID: @olt+1paopELB

That's quiet enlightening, @mhy. lol

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Post ID: @hpx+1paopELB

I’m in my 50’s. I started quite quitting a couple years ago when it was obvious this company didn’t give two craps about me.

No, I do whatever I need to do to stay under the radar… Nothing more…

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Post ID: @mhy+1paopELB

I’m sure previous generations thought they had it all figured out at your age too, Gen Z. Live what you think is your best life, by all means. But don’t be surprised when the real world settles in and you have to make some adjustments. Every generation before you has been there.

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Post ID: @tmu+1paopELB

That's funny, 90% of Gen ZZZZZZZ aren't even out of college yet.

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Post ID: @gus+1paopELB

Gen Z here, I have no loyalty to this place. I will do the minimum amount of work to get a paycheck. I will leave as soon as I can find a better paying job.

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Post ID: @llv+1paopELB

@ngv+1paopELB

Self reliant? You live in your parents house.

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Post ID: @zty+1paopELB

As an older Gen z, my perspective is that we've seen so much technology and social change so we are not content with subpar solutions and we push for change. Also we saw our parents go through the same sort of layoff chaos in the last recession we want more from life.

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Post ID: @jsr+1paopELB

We don’t want to work with or for millennials or gen x’ers because they’re re--rded and annoying. Recognizing the risk of losing a job due to politically motivated race or gender issues has made us more entrepreneurial and self reliant

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Post ID: @ngv+1paopELB

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