Thread regarding Wells Fargo & Co. layoffs

Laid off

Informed just now in one on one meeting with my manager. Severance is one paycheck per year of service. My lob is technology.

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| 3841 views | | 12 replies (last February 7, 2025) | Reply
Post ID: @OP+1jk8k2qeb

12 replies (most recent on top)

I was laid off after 40 years and got 60 day WARN notice pay and six months severance. I got nothing even close to one paycheck for year of service. Is there a cap on that?

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Post ID: @rc+1jk8k2qeb

They have been planning for a year. Remember the emails last Jan/Feb

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Post ID: @nc+1jk8k2qeb

The tech guy told me that the tech team was impacted.

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Post ID: @d8+1jk8k2qeb

Auto impacted

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Post ID: @cr+1jk8k2qeb

You were misinformed.

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Post ID: @be+1jk8k2qeb

GD troll

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Post ID: @aw+1jk8k2qeb

Just lost a peer today (Tech).Honestly looks like they had been positioning this for at least 6 months.

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Post ID: @am+1jk8k2qeb

Same here…core location, Technology > EFT. Over 25 years, consistently high performer. No rhyme or reason. Frustrating when you run circles around your peers, and they remain.

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Post ID: @aj+1jk8k2qeb

“ The handbook clearly states 2 weeks per year and starts out at 8 weeks for anyone under 4 years of service. Don't lie to create attention.”

We have many mo--nic coasters in this company who don’t know how to count. 1 paycheck = 2 weeks of pay mo--n. Layoff is necessary in this company so that all these mo--ns are removed.

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Post ID: @a5+1jk8k2qeb

@ a2+1jk8k2qeb, OP said one paycheck per year of service which equates to 2 weeks per year. Yes it was written a little oddly so it was confusing.

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Post ID: @a3+1jk8k2qeb

The handbook clearly states 2 weeks per year and starts out at 8 weeks for anyone under 4 years of service. Don't lie to create attention.

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Post ID: @a2+1jk8k2qeb

All the best OP!
What LOB under technology?

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Post ID: @a1+1jk8k2qeb

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