Thread regarding Wells Fargo & Co. layoffs

severance question

is years of service for the purposes of calculating severance based on actual hire date or or hire year like PTO? Just wondering if I'd get an extra two weeks come January 1 or only if laid off after my actual anniversary date later in the year?

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| 1482 views | | 5 replies (last October 27, 2020) | Reply
Post ID: @OP+17DEQhnG

5 replies (most recent on top)

It's the first day of the month that you were hired. For example if you were hired on July 29th, then the date used for the calculation is July 1.

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Post ID: @kzm+17DEQhnG

Check out the benefit book section which references separation pay

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Post ID: @rtk+17DEQhnG

Is it years at wells cumulatively or in the current position?

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Post ID: @vpp+17DEQhnG

It's not a fiscal date, it's a anniversary date.

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Post ID: @zde+17DEQhnG

Actual hire date (i.e. anniversary date)

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Post ID: @xtx+17DEQhnG

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