Thread title and anyone have any idea if they were to do so how long it would take to change it?
10 replies (most recent on top)
Tired question.
Would they really raise EPS that much if they cut in half? Would it even cause more people to leave sooner also to raise EPS?
There’s much better window dressing to be done as the vapid financial engineering continues and the soul of the company is su-ked out into the ionosphere.
@e1
Absolutely true. Servant leadership principles — espoused 15 years ago as exemplary — now ring frighteningly hollow in the face of this unbridled corporatist barbarism. No more pretense. This is a jungle. This is survival. This is war.
They changed the policy already a couple years ago. I don’t see them changing it again. It used to be that one was an employee through the whole severance period (inactive employee) but now one is no longer an employee as of the end of the 60 day notice. Allows them to get employees off the books faster and starts the clock faster for one to find a new position at WF without a 6 month break in service. It’s still 2 weeks of severance per year of service, just like it has been for decades.
Is there any way to place a wager on this question? It is posted at least once a week. I could retire if I could figure out a way to bet if this question will be asked in the next 7 days.
the severence policy is the same - 2 wks for every year.
what is different is that the $$ in budgets for severance has been severely cut... therefore, as prior poster said, managers are being encouraged (or forced) to displace people "for cause" - meaning no severance.
A friend of mine was recently fired for cause after receiving an IM rating. no PIP, no structured check-ins, was never told their job was at risk. IM and 2 months later - out the door, no severance.
They are changing it by avoiding it with forced fake performance reviews. Leaders planned and executed on termination this week for anyone who received a "needs improvement" at mid-year. No controls in place to prevent mgr who sacrifice people to save their friends. For 4 yrs I have seen weakly written subjective reviews to justify stack ranking and forced distribution. I have an MBA with 35 yrs experience including many yrs mgt experience. I know a plan when I see one. They are using old school tactics. These people have rolled back years of progressive improvement in management that values diversity and inclusion that meets and mirrors customers to provide customers genuine service. It is now only about the almighty dollar and appeasing stock owners. Reputational risk is no longer cared about. In fact I have observed mgt at WF not doing anything but justifying their survival and their group. I stopped hearing about "doing what is right for the customer or reputational risk" over managing to justify avoiding audit and adding more and more processes to justify the department. This undo all the work achieved before and after HY started cutting to save money and raise stock prices. There is no real value in anything done. Social Responsibility is all smoke and mirrors.
been rumored about for years. not happening in 2026
Yes I heard that too. But so hard to get to the truth vs rumor.
Lol, no.
Too soon. You just ran this troll a few days ago.