Thread regarding Wells Fargo & Co. layoffs

…only if you are C-suite…

Severance is negotiable—but only when you’re hired, not when you’re canned. Once layoffs hit, WF holds all the cards, and you’re left bargaining with ghosts. Some here say “get a lawyer and fight”—good luck with that. No attorney’s touching an angry ex-employee’s shaky case to renegotiate a done deal; they know it’s a loser. This thread’s packed with compliance and risk folks—pros at handling customer gripes—now turned into the loudest whiners. They’re stuck in the Kübler-Ross grief cycle, ping-ponging between anger and denial, but it won’t change the severance fine print. The irony’s thick, so here’s the real lesson for the rest of you: learn from this trainwreck. Negotiate that severance package at your next job upfront—because when the axe drops, it’s game over.

They won’t even talk to you.

I’m telling HR I want a $20 million golden parachute.

Be happy you get a severance. Most companies do not have a severance package or only give you two weeks.

Ha...no

What leverage do you have? To negotiate you have to have something WF wants. They just want you to leave and they can get that without giving you any severance at all.

@a2+1jqq31fb2 Congratulations on answering (inaccurately I might add) a question that wasn’t even asked and has nothing to do with the OP.

You exemplify why we’re going through these cuts.

At the end of the 60-day notice period, WF will either decide to give you salary continuance with your normal bi-weekly pay where the number of full years at WF will equal how many more checks you will get (minimum 5 checks) and have health coverage with a payout of unused PTO at the end, or they will cut you a big fat check for the same dollar value plus your unused PTO, chop your health coverage, and say, "buh-bye!". In either case, once the 60-day notice period has elapsed, you are free to work for any other employer.