Thread regarding Wells Fargo & Co. layoffs

Keep quiet about it. If you don’t have a good relationship with your current manager, don’t squash your chances that your job can be eliminated. Spend the rest of the year planning your exit. Then announce your retirement on 12/31. You want to give 2 weeks so you have time to use your 2 personal holidays.

If you are bonus eligible, it’s pretty much locked in. You qualify for the 401K match and if any profit sharing. Use some dental benefits. The 2 weeks will give you New Years and fhe King JR holiday off.

Congratulations, you made it!

In the employee handbook, the ask you to give HR notice of your retirement date ahead of time. This really is only to give them time to setup your retirement benefits that you are entitled to.... AND that really means nothing for most people. They won't pay your health care or anything and it won't change your 401k or anything.. they don't actually need any time at all... SO it is up to you but If you want to get the 401K match, you have to be working on December 31st of the year so I would not give any notice until January 1st and then it would be a 2 week notice , you owe them nothing... If you think your boss doesn't like you now, wait until you give notice, they won't be nicer I promise and that 8 K bonus is probably 4 k if you get it at all... remember WF needs to still shed another 30-40 Thousand people net

I believe you have to tell the firm you’re Retiring 90 days prior, but that may have changed. Best to review the information on preparing to retire.

Do not give any notice. Tell them after the first of the month so that you keep your insurance for the rest of the month. As soon as you give notice, you will be escorted to the door.

Don't say anything now if you plan on doing this in a year. A lot can happen in a year or even 6 months. Wait until you're maybe a month out or so. and if you're planning on being around post bonus, wait until that bonus hits your account, then say you're leaving.

Don't count on the bonus. It was hinted this year that next year they may not be "the same" or "guaranteed/at all".

I gave 8 weeks thinking that my boss would use the time to transition my responsibilities elsewhere (My position is not being backfilled). Instead I got to keep doing what I’ve been doing plus a bunch of other busy work.

Give a couple of months notice.

Remember that your 401k match is on the line too. Unless you retire and are at least 65, you have to be working until year-end to get the match.

I gave 90 days notice but would not do it again. Instead of transitioning work to others, I was asked to complete several new requirements.

You answered your own question, if you "so I already kinda know what my rating is going to be next year" why the he77 are you giving this dump time your family deserves, pick your loyalties, they deserve you, he doesn't.

The only notice this place deserves is a call from your new desk phone telling them you left the badge and laptop on the your desk. Look at all the people that get terminated effective today, you owe them NOTHING

Three times i’ve seen where someone was openly talking about retiring within a year, but hadn’t filed the official paperwork, and they were selected for layoffs. They all happily took it since they were leaving anyhow and the severance package paid them past their targeted date. So if looking for a package, make it known you are looking to retire and management may choose you to save someone else.

90 days is the most amount to give notice about retiring. There’s a section in Benefits, Leaving Wells Fargo, Retirement, to follow to prepare.

Your current manager doesn’t deserve a notice in advance of more than 90 days. I’m bitter and salty, I would give 30 days, but that’s another story for another time. I believe 90 days is enough time to give notice and tell your manager you can assist with the transition of work/projects or train your replacement.

As for working nights and weekends unpaid, that needs to end today. In your next 1:1 with your manager, make it known that your work/life balance is affecting your loved ones and keeping you from quality time with them. You shouldn’t receive push back, but follow it up in an email from that 1:1 and let your manager know that the team will need more resources to complete these tasks or these tasks get spread between the team.

Since you are not guaranteed a bonus, and you have the notion that it could be pulled from you anyway, it shouldn’t matter if you have a hard stop at 5 pm. Let it be known that you have a hard stop at 5 pm due to family activities and hobbies.

An $8k bonus is not worth an additional 20-30 hours per week that you are putting in. If anything you have been underpaid and missing overtime and weekend pay. Stop giving your manager and the bank your free time.

I would also suggest that if you have bothersome knees, shoulders, wrists, etc and you have been putting off surgery, I suggest you get those lined up now and benefit from the medical/health benefits, FMLA and short term disability leave, up to 26 weeks paid at 100% salary. Even if you schedule 2 surgeries, 1 this year and 1 next year, you will still be covered for FMLA at 12 weeks each year, and 26 weeks of STD pay each year. Make sure you have purchased the Optional Long Term Disability plan, otherwise I believe week 13 of STD turns into 70% of base pay.

When you retire your medical coverage may change for the worse, and Medicare costs keep rising and coverage keeps going down.

Don't say anything and don't work more than 8 hours day or more than 5 days a week. When you are ready, give two weeks.

Good heavens keep your plans to yourself. Look out for #1

Don’t say anything. It won’t get you out of the extra work. That’s a box for your manager to check, and the fact that you won’t be there to use it will mean nothing to him. He only cares about checking the box.

If you don’t do it, he will make your life miserable for the next year. Up to you if you want to deal with that.

Bonuses are discretionary. Unless you have something in writing, I wouldn't assume you'll get it if you complete that extra work. Your boss already decided you are performing under expectations. I would consider what would make your final year happier and easier. The nice thing about not mentioning your plans until you're closer to retirement, is that you have more control on when you leave. You can't assume your boss will let you off the hook on any requirements if you do tell him your plans. You can only change what you want to do and how much effort you want to bring to the job. Spend the year preparing for the future.

Do not disclose retirement intentions. It will impact you, and who knows, you might change your mind.

Say nothing. Just smile.