As project Crane continues to sla-ghter headcount and increase exec compensation the job market becomes even more unfavorable leaving employees unable to pay their WF mortgages, car payments, personal loans and more. Severance pay is only for people with tenure. So many people we new to wells fargo just a couple of years ago which means at best they might see 2 weeks or so of severance. Pay your bills on that, good luck because its not possible. Unemployment in many states is around $200 a week. What can someone really do with that, NOTHING!!!!
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No one here is paranoid enough.
@ex oh he is. He is moving to FL.
@f5 for short timers it’s good severance. For medium timers not. I worked 50% more years for another fin institution and got over double severance there.
@f5 the paid FUD troll doesn't want that info being shared.
@eq A good portion of the user base here are paranoid wingnuts who can only understand events if they have some insidious infowars-esque conspiracy label
60 days non-working notice and a baseline 8 weeks of pay for anyone with 1-4 years tenure. So 16 weeks paid. It’s solid severance.
And everyone in NYC and the state of CA are doomed. I wonder what the NYC tax will be on CS's salary? Should get out of HY while they can.
GEN Xers. You are NOT the only ones affected by the reign of te---r layoffs. So are baby bummers at that lovely bank (not). And the job market — small as it is — effects the baby boomers AND OTHER GENERATIONS
it’d be nice if you’d respect others particularly your elders. But that won’t happen
What the F is Project Crane?
First I have heard of that.
@ap Gen Z are literally the luckiest Gen ever. Digital native, with a good idea and an army of Claude, ChatGPT, Gemini, one can create value rapidly. Robots are going to to take care of boring work in a few year. In about 20~30 years fusion could provide almost unlimited energy.
@b4 Great. I hope my turns in my favor.
@b1 I disputed mine.
One correction here is WF is deliberately putting bad performance reviews for people with tenure to avoid paying them severance. Making it look like bad performance and not layoff.
Op..you got that right! I was fired and I had to stop paying WF and my student loan. I did have a high credit score. Now it is about surviving.
There are plenty of jobs on the market, but the competition has intensified because so many international students and visa workers are also searching for work. Gen X may be the unluckiest generation, having faced high unemployment during multiple recessions and again during COVID, which left many without enough savings for retirement. Meanwhile, Gen Z is struggling to get hired in the current environment.
And stay off my lawn!!