Beware! The language in the severance plan is designed to silence you and whatever you have suffered under the WF new "management" style. Its all designed to cover up what they are doing and how they are doing it. Getting rid of long-term, loyal employees and then hiring outside the USA or worse.
Current management in this case is complicit in the overall scheme. They know who is buttering their bread, and frankly, its not the folks who've made the bank successful. Nope. Its the new team, those who came like locusts from other banks.....and who are now reaping bonuses for replicating where they came from. Yes! You guessed it, WF is not getting to be "leaps ahead", no they are just catching up. To jump ahead of the banking group, you'd have to have original, out of the box thinking. And ability to tolerate risk. All of which....the current leadership lacks. And given the brain drain, well then. I think we can all agree.....there is little upside from here.
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Shhhh
You say this like it's news. Severance has always been a bribe to minimize wrongful-termination lawsuits.
No, they are getting rid of all the domestic employees. That's the plan. If you're not in sales, you go. It's a matter of time. 10-15k per year until we're all gone.
LOL Letting your mind run a little rampant, eh?
You people and your wacky schemes and conspiracies are a riot. They are getting rid of people not only because the company was fat in employee count, but because they are changing and even leaning certain LOB. And guess what? Accept it or not, there are teams getting the same amount of work down with fewer people.
And, in case you haven't noticed, they're still raking in the profits.