Thread regarding Wells Fargo & Co. layoffs

A Cautionary Tale

A guy on my team was a top peformer, the mgr and dir were big fans of him. With all budget cuts etc they could not promo him so he goes and starts interviewing, gets a job, start date on purpose +30 days so he can transiton the old job properly.

He gives a 30 days notice to his manager and as one can expect, he gets terminated a day after.

So, learn from this. There are no friends here and stick to the 2 week rule.

I hope this helps someone.

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| 3131 views | | 15 replies (last September 26, 2023) | Reply
Post ID: @OP+1oLFK7bv

15 replies (most recent on top)

I was in the same position as the friend and gave two weeks to transition HOPING they’d fire me. No such luck

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Post ID: @2poi+1oLFK7bv

@ruu+1oLFK7bv. I bet they were also given a bad internal reference for leaving too, on their own accord. These managers' egos are so FRAGILE.

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Post ID: @1ymw+1oLFK7bv

@1eqn+1oLFK7bv
What a funny post.

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Post ID: @1xep+1oLFK7bv

Giving notice makes total sense. Yes, they will likely let you go immediately, but you get paid for your notice period unless you violate employee handbook rules. That's the law.

So, if you give 30 days notice and they tell you to go home, then you get paid for those 30 days. Free money!

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Post ID: @1eqn+1oLFK7bv

Giving 2 weeks notice is not required. It is however a best practice.

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Post ID: @otl+1oLFK7bv

Why give any notice? When you get axed they cut you off in an hour. Zero respect for employees. Don’t give them any notice.

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Post ID: @enw+1oLFK7bv

Similar thing happened to a friend. They were contracting here, were harassed by a coworker, reported it, gave a 2 week notice as it was unbearable. The manager "terminated" them and they were walked out that day after being asked to write up transition duties within a few hours.

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Post ID: @ruu+1oLFK7bv

The guy is probably relived to get time off and a better opportunity

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Post ID: @fva+1oLFK7bv

Resign then get paid out for 2 weeks notice if you go to a competitor - standard practice. You get two paid weeks off. Win-win.

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Post ID: @xes+1oLFK7bv

From what I have seen, zero day notice is fair enough

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Post ID: @aww+1oLFK7bv

I can’t believe people would give more than a 2 week notice in this environment. Tbh that’s their fault. Heck I don’t even blame people who give less than that. These companies always do what’s best for them, do what’s best for you.

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Post ID: @bcr+1oLFK7bv

Obviously they don’t need you around even for one day let alone a month. They rather pay you 2 weeks and let you go. Not a bad deal. Long goodbye is awkward

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Post ID: @nqu+1oLFK7bv

Had a friend in a similar situation. They tried to do the “right thing” by giving notice to hand off their duties and bring their peers up to speed on whatever they would be inheriting. Their access got cut off the day following their notice and they got a two week paid “vacation”. This seems to be the standard method by which Wells Fargo handles voluntary attrition for the rank and file. It doesn’t matter if you want to handle things like an adult and not leave coworkers with a mess to sift through. Wells prefers to cut ties asap to avoid situations where “employees aren’t giving their best because they’re leaving anyway” (actual quote from a manager “friend” of mine in corporate risk). Wells Fargo’s preference to handicap and cause business incontinuity when employees decide to move on is nothing new. We work in a chaotic environment that is nothing more than a patchwork of duct tape and bailing wire. The only thing that matters is that Charlie and the C Suite are getting paid while the rest of us are to distracted by the constant “change” (i.e. “turmoil”) to notice.

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Post ID: @hib+1oLFK7bv

when going to a competitor, immediate termination is typical and expected

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Post ID: @dif+1oLFK7bv

What exactly is the negative here? I do this as a standard. Prep, give big notice, get walked out day of or day later, reap 4 weeks of pay vs 2 weeks. WIN. Whatever point you’re trying to make is lost because, in this case, they didn’t even stay for the two weeks so this dude gets paid two weeks vacation.

If you’re attempting to claim he was actually Terminated (and not simply told he doesn’t have to complete the notice period) then you or he are lying just to get a rise out of people and that’s not how labor law anywhere works.

And even walked out early without 4 weeks pay, now you have atleast 2 weeks of completely non-working vacation to do with as you please. Apparently you haven’t been employed very long if you don’t do this. Or let me guess, you’re assuming this coworker didn’t get the 4 weeks pay and due to your poor life decisions you live pay check to pay check and that two weeks would devastate you?

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Post ID: @poz+1oLFK7bv

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