Thread regarding Wells Fargo & Co. layoffs

WF vs External offer...

Hypothetically speaking—what would happen if one received and accepted an external offer with another firm without quitting WF for a month or so? Is there anything “illegal” about that, assuming that you can keep up with both for a bit? I want to make sure this new role is a good fit for a couple of weeks without leaving my job here since I’ll be walking away from whatever puny bonus we’ll be getting.

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| 2348 views | | 19 replies (last November 3, 2020) | Reply
Post ID: @OP+17KLWUxb

19 replies (most recent on top)

Seriously, Dude? Don't be a d-bag. Make a frickin' decision and commit to it.

The new world explorers burned their ships so they had to more forward and forget about going backwards. If you are thinking of moving, you have already moved on.

C'mon man— you cannot spend your life hedging your bets.

  • Do you lease two cars too?
  • Do you have two spouses?
  • Can you decide between Twixt Left and Twixt Right Candy bars?
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Post ID: @xdn+17KLWUxb

Folks, read the f*g employee handbook. It's all in there..

https://teamworks.wellsfargo.com/handbook/HB_Online.pdf

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Post ID: @zhp+17KLWUxb

Unless it says you may not have another job in your hiring paperwork go for it.

It is not illegal to have more than one job, millions of people do.

I'm assuming you're not in a position where accounts or customers could be an issue.

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Post ID: @gxm+17KLWUxb

Silly. Even if it's outside the FS industry, if you're in a WF job where you are meant to be working M-F during "traditional" work hours, you'll get fired for working for someone else at the same time.

Seriously, how often can you really say you know 2 weeks in if a job will make you happy long-term? That's still honeymoon phase. If you have doubts already, maybe you haven't been selective enough about where you interview.

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Post ID: @wfl+17KLWUxb

If it's a "firm" as you describe, it'd almost certainly create a conflict of interest. And that'd mean trouble for you no matter which side found out.

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Post ID: @hfn+17KLWUxb

Lots of people have second jobs. As long as it's not deemed conflict of interest then its fine...

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Post ID: @mrh+17KLWUxb

Try it and get caught you may be fired from both and into legal trouble if these firms compete.

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Post ID: @szo+17KLWUxb

Resign.

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Post ID: @cml+17KLWUxb

Depends....are you also going to be trying to live with your girlfriend for a period of time before you decide whether to divorce your wife?

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Post ID: @kpg+17KLWUxb

That is textbook conflict of interest bud and you'd be fired then deemed not eligible for rehire. How about asking the right questions in interviews before deciding to accept offers? You're not only double dipping, but you would be dicking over the hiring company if you decide to bail within a month.

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Post ID: @drp+17KLWUxb

You need to negotiate the lost bonus into the comp with your new employer

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Post ID: @wsj+17KLWUxb

do not do that

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Post ID: @wwc+17KLWUxb

(Disclaimer: I'm not a lawyer.)

I'm not sure how it could be illegal, in a criminal sense.

Maybe in a civil sense, depending on what you signed in your WF employment papers. But even then, WF lawyers aren't coming after you for punitive damages - wouldn't be worth their time/effort, bad company PR (David/Goliath), and civil judgements (especially against employees) can be difficult to win and collect on.

The main exception to this could be if you're under a non-compete (if your position is really that influential), but even those are dodgy in court. If WF can't demonstrate how your double dipping caused them actual damages...eh.

I suppose it's possible that WF could somehow notify your new employer if WF has visibility to that. Your new employer might have a rule about not working two jobs without telling them first so they can assess if it's a compete problem. So I'd be more worried about the new employer (if worried at all).

This is a really interesting topic. Many people are understandably cautious about jumping into a new employer with both feet.

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Post ID: @oko+17KLWUxb

No question – don't do that.

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Post ID: @yqe+17KLWUxb

Could be a WF policy violation which could lead to termination.

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Post ID: @mdi+17KLWUxb

yea you need to resign

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Post ID: @nop+17KLWUxb

If there is a conflict of interest there are potential problems

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Post ID: @lrf+17KLWUxb

will the employer want the w-4 form ?

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Post ID: @pgx+17KLWUxb

is it a job for a competitor?

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Post ID: @jii+17KLWUxb

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