Thread regarding Wells Fargo & Co. layoffs

Updated WF Severance Plan

Take time to read the PDF link in HR email on 2/8.

Interesting changes to former separation pay, now severance.

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| 4275 views | | 14 replies (last March 4, 2022) | Reply
Post ID: @OP+1fcxNZd6

14 replies (most recent on top)

No, if you accept another position at WF during the notice period (or outside WF during the notice period and they find out about it), then no severance. After notice period, if you accept another position at WF, severance stops.

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Post ID: @ohkh+1fcxNZd6

Any comments on volunteering for layoff? If a position is found during Notice period, do you still get severance? Asking for a friend 😀

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Post ID: @npca+1fcxNZd6

No paid medical

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Post ID: @2qwn+1fcxNZd6

And people still stress about giving 2 weeks notice when they quit a job. I'd give this place 2 minutes notice. Fu-k them

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Post ID: @2wdz+1fcxNZd6

@1gev+1fcxNZd6, it’s worse than that! ALL of the following need to be true to qualify:

  • New location is more than 20 miles from old location AND
  • New location is more than 40 miles from you home AND
  • Commute to new location is a longer distance in miles vs. commute to old location

So, imagine that for whatever reason, you had tolerated a 41 mile commute to your old office. You could be moved to a new location 60 miles away but because the two locations are only 19 miles apart, it wouldn’t be considered a material change. Crazy!!! Now, I do not know if the criteria were different before.

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Post ID: @2jyv+1fcxNZd6

One qualifying factor or Material change is based on location is only 20 miles change from current location?

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Post ID: @1gev+1fcxNZd6

@1oum what's the difference? Even 60 days (as required by Federal Law) would be non-working.

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Post ID: @1puc+1fcxNZd6

The notice period is a law not a benefit… they might have stopped describing it because they are under no legal obligation to describe the details. I don’t see where anything changed.

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Post ID: @1blh+1fcxNZd6

Another thread mentioned Notice Period of only 15 days vs prior 60 days. If true, that stinks.

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Post ID: @1oum+1fcxNZd6

Yeah. It mentions Notice Period, but not that it constitutes 60 days. Other negative changes, too.

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Post ID: @1hjo+1fcxNZd6

Didn’t the old policy used to mention the 60 day working or no working , we always used to get the additional 8 weeks pay then the pay based on years of service kicked in

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Post ID: @1sng+1fcxNZd6

D*mn. Just read it. WF is closing every loophole. Like most things, I bet few employees read it.

Several things stood out such as if anyone thought they could use RTO as a free pass to severance, try again.

WF ain't playin!

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Post ID: @1vuo+1fcxNZd6

What are the interesting changes? I didn’t have it memorized before, but i saw nothing of significance changing.

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Post ID: @fen+1fcxNZd6

man, charlie doesn't like any of the language in this organization.

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Post ID: @kyn+1fcxNZd6

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