Thread regarding Wells Fargo & Co. layoffs

Tech Location Strategy - "Strategy" for some of you...

Folks, if you are offered the opportunity to relocate. ACCEPT IT. You are given ONE YEAR to move.

Use this year to find another job. When you find the other - hopefully remote - job, take it and work both jobs at the same time.

When your year is up for relocation, RESIGN.

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| 2431 views | | 21 replies (last March 23, 2024) | Reply
Post ID: @OP+1rEaaOwo

21 replies (most recent on top)

@2zhc+1rEaaOwo,

Unfortunately, if WF gives someone an option to relocate to a hub, they tell the person which hub their position is going to. I've seen them ask people to relocate across the country when the nearest hub was much, much closer. (Someone on the East Coast was given Phoenix as the location where their job was going to be.)

WF can't even be decent enough to allow people to choose which hub location they'd want to move to. It's similar to RTO in the sense that with RTO they tell you which building you have to go to - even if it's further away and you have to pass other WF locations to get there. The level of caring or empathy that WF has for the people who work for them is ridiculously low.

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Post ID: @2iwm+1rEaaOwo

I will be “moving” to my grandma’s house who is conveniently in a core market.

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Post ID: @2zhc+1rEaaOwo

Very few people in tech have 26+ years of service, so the year of quiet quitting and stringing things along with some super commuting would earn more $ for a large majority. A year + worth of benefits is worth a lot too. Time it right and you could probably sell back a years worth of PTO on the way out.

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Post ID: @2rmb+1rEaaOwo

This only works if you plan on finding another job quickly and won't get much severance.

Even if you're given a year to move, you still have to work. If you have close to a year in severance you're likely better off taking that.

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Post ID: @1myg+1rEaaOwo

Look it up on HR, PO boxes are not kosher. Not sure how they get around the fact that some people live in places where there are no other options but POBs, but it's there in black and white in the policy.

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Post ID: @1hby+1rEaaOwo

There is a lot of confused folks in this thread but I have some details for those of you who will look to outside employment.

I am not a legacy Wells employee, Wells is the ONLY company I’ve ever worked for that has asked if I am currently employed elsewhere. So if I held two jobs I definitely would not be concerned about being found out and losing both as one poster pointed out.

This whole scenario only works if you quiet quit one or both positions.

I also offer this for digestion. Assuming you are offered and accept relocation. You could stretch this charade even further with minimal effort. Get some sort of mailing address at your destination, update your records then just never RTO. They would have to council and PIP before terming you months later. Before you chime in and say Wells needs a physical address, pick some random apt complex. Many don’t have mail services and force you to get a PO Box. Nothing wells can say about that.

I personally would take notice and severance. That’s 4 months minimum currently all together. And if you’re not already looking and applying that’s on you.

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Post ID: @1ena+1rEaaOwo

People who are offered the chance (and agree) to move or get severance are picking one or the other.

If you choose to move and then don't, there isn't any severance.

But if you want to postpone your termination date and don't have a lot of severance coming, this might be a scenario to consider.

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Post ID: @1uxr+1rEaaOwo

This isn't necessarily "gaming the system." It is prolonging your termination date but you lose any severance you might have coming - including your 60 day notice.

And I don't think WF would even care if people went this route this since WF gets at least some amount of work out of that person during that period as opposed to having to pay them severance and getting nothing in return. So unless the person does absolutely no work at all during that time it's an advantage to WF to have them stay and then change their mind. And even if they do no work, it's still almost a wash for WF since they'd be paying them to sit home anyway (severance.) However, if the person would have only had a short severance payment period and they did no work for a year, it would be slight disadvantage to WF.

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Post ID: @1agy+1rEaaOwo

@odr+1rEaaOwo, I'm not following this:
"I am sure some who only have been here a few years will game the system, and have a “change of heart” 11 months after they accept the package. Would be curious when the money is paid out (if it’s right away or when the move is made). "

I'm not sure what money being paid out you're referring to. If you are offered and accept an opportunity to move there is no severance so there is no package. There wouldn't be any money paid out. Unless you get a relo package and then I'm assuming you'd only get the relo money if you actually moved. And I believe that WF can claw that back if you quit within a certain amount of time after the move.

Or are you saying that people will take the severance and then claim "backsies" on that decision and say they want their job and want to move? Once severance starts there aren't any "backsies." Your job is gone and you're terminated. They give you thirty days to decide which one you're picking.

Likewise if you say you're going to move and then don't at the end of a year, you won't get severance. You'll be abandoning your job an at that point you'll be terminated.

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Post ID: @1lsh+1rEaaOwo

Well sure, but you also got pay and benes for 11 months...a very large majority of employees wouldn't get that much severance. You could milk the system even harder by super commuting and showing up for a few badge swipes here and there and then eventually the minute before you get fired just resign.

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Post ID: @1jxb+1rEaaOwo

If you quit after 11 months it’s a resignation not eligible for severance.

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Post ID: @ebq+1rEaaOwo

I think this only works if you don’t have a lot of year of service. If you have the year max or close to it just take the severance as you don’t have to work those 11 months. I am sure some who only have been here a few years will game the system, and have a “change of heart” 11 months after they accept the package. Would be curious when the money is paid out (if it’s right away or when the move is made).

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Post ID: @odr+1rEaaOwo

@iuo+1rEaaOwo

Your plan is a great way to get fired from both jobs and lose out on severance.

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Post ID: @vec+1rEaaOwo

You are all much more optimistic than I am. I've been here 30 years and paying close attention to the language they are using this time around. Everything is extremely ambiguous. "If you are eligible for severance" and stuff like that. Or, they know which quarter, but not the actual date, etc. Commuting is on your own dime. I've been remote for 15 years, nary a peep about moving to an office until just before the 'Vid in 2020. They are also much more cold hearted in their answers and during town halls, they used to be more people driven, this strategy...not so much.

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Post ID: @nrs+1rEaaOwo

Folks... this strategy is for you TO WORK TWO JOBS AT THE SAME TIME while you wait around to get cut.

YOU WILL STILL GET YOUR SEVERANCE AT THE END.

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Post ID: @iuo+1rEaaOwo

I rather receive the 60-day non-working period plus the Severance after the 60 days to decompress and take my time looking for another position.

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Post ID: @nov+1rEaaOwo

It’s not a bad strategy, depending on how much severance you get

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Post ID: @sen+1rEaaOwo

Respectfully disagree, OP. The safer and cheaper bet is to bank the severance, enjoy the 60 day notice period, and find a new job asap. Then you get severance free and clear.

Workers have zero power at WF, there is no guarantee you'll be in a better place a year from now where you can warrant a chance at severance again.

My plan is to opt for severance, which puts less pressure to find the perfect job once the notice period expires. Any job I decide to take will provide some $ padding along with severance. Once severance expires, if I don't like my current job, I can quit and have all that severance money saved to explore more ideal jobs.

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Post ID: @jgy+1rEaaOwo

@hiz+1rEaaOwo

No, I think your severance is forfeited.

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Post ID: @cqu+1rEaaOwo

I agree with the severance and unemployment route mentioned below but it begs the question...what happens if after 1 year you say "I wasn't able to find suitable housing" or a million other reasons why you can't move. WF still has to lay you off at that point. It isn't job abandonment, you're still able and willing to work. Severance then?

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Post ID: @hiz+1rEaaOwo

Ill rather get sev n unemployment for a yr and find another job

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Post ID: @ewj+1rEaaOwo

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