Thread regarding Wells Fargo & Co. layoffs

companies can no longer enforce silence in layoff packages

https://www.sfgate.com/tech/article/severance-packages-silence-workers-nlrb-rules-17799428.php

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| 2031 views | | 10 replies (last February 28, 2023) | Reply
Post ID: @OP+1lkWIZJG

10 replies (most recent on top)

Did WF ever require silence, or did they just require a promise not to sue?

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Post ID: @5afz+1lkWIZJG

This is a net negative development for the common employee. Like someone else mentioned, the effect will be to disincentivize severance packages. Company can lay you off whenever they want, so they can choose between keeping you on board or getting rid of you with no severance given they can’t be protected regardless.

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Post ID: @5kbm+1lkWIZJG

Don't get too excited about this one. Companies just need to get more specific with their language and document who with and how you can and cannot discuss your employment situation. The ruling just said the wording was too broad. You could always talk to an attorney about it. Courts ruled years ago that severance restrictions were signed under duress and not enforceable during lawsuits.

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Post ID: @1mfa+1lkWIZJG

"Gives companies less incentive to pay out severance. Will bite us all in the end..."

Also the first thing I thought of.

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Post ID: @zqk+1lkWIZJG

Gives companies less incentive to pay out severance. Will bite us all in the end...

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Post ID: @sct+1lkWIZJG

Someone should start an anonymous blog.

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Post ID: @gur+1lkWIZJG

I quit, so I can (AND I DO) say whatever the fu(k I want about the spineless middle and senior members of mortgage credit policy, who will soon be in the unemployment line. Maybe they shouldn’t have continued to intellectually ma-------e about the infinitesimal defect rate while accomplishing exactly NOTHING and blaming tech and rule developers for the fact that policy couldn’t articulate POLICY clearly EVER because they make it so stupidly complicated. Fu(k you guys!

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Post ID: @kvw+1lkWIZJG

This development could spell doom for the bank if enough folks started talking openly about their experiences at the bank and how out of control things really are.

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Post ID: @tdl+1lkWIZJG

Yep. Finally! FVk off, corporations!

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Post ID: @hqi+1lkWIZJG

it's on CNN too:
https://www.cnn.com/2023/02/22/success/severance-agreements-rule-change-from-nlrb/index.html

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Post ID: @mhq+1lkWIZJG

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