Thread regarding Wells Fargo & Co. layoffs

Severance pay schedule

Anyone get laid off 2/6? I got my pto payout on 4/5 plus a regular paycheck. I thought we were to maintain the regular cycle, i got paid early with no notification. So, i expected to be paid on 4/12. I wasn't. my next payday is 4/26 confirmed.

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| 1411 views | | 5 replies (last April 15, 2024) | Reply
Post ID: @OP+1s3EcS2g

5 replies (most recent on top)

@oef
In some states (e.g., CA), PTO is considered wages. PTO can be subject to a cap (maximum accrual), like at WF, but it MUST be paid out in a lump sum if an employee leaves a company voluntarily or not.

In those states, you can carry over your PTO balance each year as well (up to cap) while working for employer.

It s/b this way in every state. "Use it or lose it" (each year) is a sham. Employees earn that time.

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Post ID: @gay+1s3EcS2g

The first check had weird timing. And yes, to the other poster, unused PTO was included in mine.

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Post ID: @afa+1s3EcS2g

How does health insurance work?

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Post ID: @zug+1s3EcS2g

So they pay you for unused PTO balance??? I was wondering how that works. 🤔

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Post ID: @oef+1s3EcS2g

I was laid off last year. After the PTO paycheck, I had to wait 3 weeks instead of 2 to get my first severance check.

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Post ID: @lvl+1s3EcS2g

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