I've been waiting to be laid off for nearly six months. I don't want to leave without severance, but I certainly don't want to be here when RTO reaches the point of five days per week. WFC should really offer a voluntary option. It would have zero issues finding people to accept it.
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We didn't create this situation, they did. I'm not going to let these POS id--ts in NYC get rid of me and get off the hook without paying my severance. That's what they want, and it's not about the money, it's about spite. For years I have everything I had and was super productive. These overpaid buffoons come in and are doing everything they can do to destroy this company and ki-l any hope of morale. They want us all to quit and I for one won't give them the satisfaction. Their plan is horse S and will fail and I'll be there when it does, or maybe I won't be. Either way, Viva la Resistance. To whatever end.
There is a voluntary option. Just quit. Seriously you people who think they should offer severance across the board should spend some time reviewing your Strategic Management textbooks.
Leave this s&$@hole. Not worth waiting for severance since they ate going to whack it next year anyway. Go find an employer who appreciates you. Tenure meant nothing to the clowns as they got rid of 30 year plus employees who dreamed of retiring here and put all their eggs in one basket. Life is too short to be abused by an employer.
I'm glad this wasn't my mentality in 2020...I could have sat idly by in a miserable job, too.
But I found a much better job with much higher pay. Two-plus years after leaving WF, I'm making $75k more each year. I'd been at Wells for 10 years, my severance wouldn't have come anywhere close to the money I've made by taking control of my own life...
Complacency won't get you anywhere.
any voluntary option would be subject to them approving it. 50% of the company may be willing to accept a voluntary offer but the company may only approve 5% of them. No guarantee you would be let go
If you are so unhappy, leave. So many people at WF and BofA are staying just in the hope of getting the severance that they built up. Both you and the bank would be better off if you changed jobs without waiting for severance. Life is too short. This is the “sunk cost fallacy” in action…
Talk about giving away control of your life. Who sits and waits 3 years to let go for severance? If you were any good at your job you’d have been making more during all this time while getting WFH. You deserve whatever happens to you.
I can relate, been waiting to be laid off for 3 years now, carrot has been dangled. Feels like some sort of pyschological warfare being waged.
They could easily limit the number of layoff openings to the number needed in each department and allow volunteers in order of tenure. This would avoid the mass exodus and get rid of those highest on the pay scale in each dept. A win for everyone.
"Everyone who's anyone" already found other employment. The C-suite admitted their bullying drove out the talent, for example, SVB was handing out exceptions to RTO like candy.
There's no room for everyone 5/days week at Wells' rate of exiting leases.
Would you take 25 cents on the dollar?
Everyone who's anyone would leave for severance. It would cost WF too much $ and they would be unable to control the mass exodus.