Thread regarding Wells Fargo & Co. layoffs

12 replies (most recent on top)

@aq LMAO, counting chickens are we? We give very little bonus to those who are severed. I would much rather keep my better performers around as long as possible. I won't get the bonus money back in my pool next year for someone who isn't here. But if it goes to someone who is here, win-win.

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Post ID: @f3+1m6196jy9

I like how "prorated" is an excuse for cutting someone's bonus in half even though a person's notice period would end after 98.6% of the calendar year is complete and there's 4 working days left. 😐

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Post ID: @e8+1m6196jy9

Firsthand experience: yes, but low (if discretionary; if formulaic, you’re likely fine). Like, maybe really low. The logic will be that it was reduced due to shortened work period, and that bonuses also represent your “future potential value” (which is now zero).

BTW, being “bonus eligible” and actually receiving one are two very different things.

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Post ID: @e4+1m6196jy9

Depends on the team but we tend to give a below average bonus in these cases, prorated

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Post ID: @ck+1m6196jy9

Highly unlikely. You won't be a FTE by that time.

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Post ID: @bj+1m6196jy9

The only answer is, you'll find out when they are paid out

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Post ID: @b1+1m6196jy9

@aq served after 9/30, does it include non working notice period? My notice period ends in Oct.

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Post ID: @at+1m6196jy9

Technically eligible but your boss will now have zero reason to go out of their way to make sure you get it. Will probably get something but dont plan on it being what you're used to.

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Post ID: @ar+1m6196jy9

The policy says if severed after 9/30 bonus eligible. Guessing it will be pro rated. Sill more free money along with 14 months pay for me😁

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Post ID: @aq+1m6196jy9

Bonus elig but it is a leadership decision. I asked and was told that it won’t be full year even though 60 day notice was WF choice to be non working. It will be prorated.

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Post ID: @am+1m6196jy9

if you do, it will most likely be way lower $ than you expected

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Post ID: @af+1m6196jy9

Yes, many did but it is a Manager/Leadership decision

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Post ID: @ab+1m6196jy9

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