A group of around 100 remote employees working in fraud and claims was told in January of 2024 that they would be laid off in the last quarter of 2025. Today they were told the layoff has been postponed through next year due to poor planning by the executive leaders. Basically they have been holding this over everyone’s head for two years waiting for them to quit so they wouldn’t have to pay severance, but they lost that game of chicken and are now backtracking (Average tenure in the group is 15 years). They hinted at hoping people would quit now multiple times in the meeting, saying “we understand if this doesn’t work for you and you need to quit, but you wouldn’t get your severance.” Just a stunning show of terrible leadership all around, bravo to the senior leaders.
13 replies (most recent on top)
It’s frustrating to see so many remote employees still based in Oregon after so many talented people were let go in September. The company has spent a huge amount on severance and turnover, only to lose an experienced and well-established hub in Portland. It’s hard to understand the logic behind those leadership decisions.
Hold the line Portland people. Avg is 15 years huh? Let's see if we can make it 16 before they pay everyone to go away. These clowns are laughably inept on top of being evil.
@a8, do your research before posting anything that criticizes folks in a location you’re not familiar with. However, to ensure you are well-informed, it is worth noting that Portland lost its hub a couple of years ago when the company announced it would close the Montgomery Park location. All employees who worked from that hub would remain remote until further notice. I hope that clarify things for you.
Too fu--ing funny... stick around so we can ax you later.
@a8 if you read the post it says they are all remote employees, no office for them to return to
@a8 they are already doing it. 4days x 8hours next year.
@aa no, this was a group under Edmond Helaire but of course he couldn’t be bothered to come to the meeting to answer questions
@a7 LMAO, I would have loved to see Vishwa's face when that happened.... he was the one there correct?
If they want them to quit all they need to do is make them come to work every day. Stop with the conspiracy theory drivel.
I am so sorry to hear.
Salem got cut today and everyone cheered.
The exec on site paused during the meeting during the cheer. LOL
Hold out and make Wells Fargo pay.
the layoff has been postponed through next year due to poor planning by the executive leaders
LMAO of course they’re too inept to be able to accurately read a calendar 🤣🤣🤣🤣
At 15 yrs that’s 30 weeks severance. If you’re fine working just stick it out.
They could of course make it so toxic you want to quit though.
This executive management team has spent 6 years trying to avoid 1 year of severance for tens of thousands of employees.