Thread regarding Wells Fargo & Co. layoffs

Severance Package

Has anyone negotiated the terms of their severance package? Any success?

Charlie wants you gone so it is a win/win

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| 1715 views | | 12 replies (last March 12, 2024) | Reply
Post ID: @OP+1ruHtbsm

12 replies (most recent on top)

The government changed it back in 2008, it was more but when the bank got sanctioned and in trouble they came in and changed it. I remember when it went down, I’m a 35 year employee.

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Post ID: @1gce+1ruHtbsm

let me add to that ala "Office Space"

WF - “we are laying you off”
TM - “sorry offer’s not good enough. I’m gonna stay”
WF - "ok, whatever, here's your severance, we're cutting off access at noon"
TM (a year later) -- "where's my red stapler"?
WF Random new hire (again, a year later) - "Who is that guy and what does he do"?
WF lucky survivor who's aged 10 years in the last year -- "Oh we laid him off two years ago but he manages to show up every day"

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Post ID: @1dff+1ruHtbsm

How is that supposed to go exactly?
WF - “we are laying you off”
TM - “sorry offer’s not good enough. I’m gonna stay”

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Post ID: @qcs+1ruHtbsm

@mwo+1ruHtbsm

"it is capped at one year. but if you include the 60day non working period then it works out to 14mo"

This person gets it.......................................................

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Post ID: @zzq+1ruHtbsm

it is capped at one year. but if you include the 60day non working period then it works out to 14mo

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Post ID: @wsa+1ruHtbsm

The government did not take over the WF severance plan. It is exactly the same as it's been for many years. That is all WF doing. More conspiracy theories every day.

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Post ID: @qca+1ruHtbsm

Post ID: @nhr+1ruHtbsm
I share the fantasy, but severance is capped at one year.

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Post ID: @mwo+1ruHtbsm

Please tell me you don’t really believe this is a thing. The package is laid out in the benefits book and is and always has been take it or leave it.

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Post ID: @dug+1ruHtbsm

There is no negotiation. You get what what you get.

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Post ID: @jtl+1ruHtbsm

here's how my negotiation went:

wf: after 29 years, we are going to give you 14 months of pay and insurance to go away.

Me working from home (drinking a mimosa): okay.

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Post ID: @nhr+1ruHtbsm

what you get is what is laid out in the benefits book

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Post ID: @rov+1ruHtbsm

I doubt you can, the government took over what we get. We used to get more but once we got in trouble they had to revise it to what it is now.

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Post ID: @ogd+1ruHtbsm

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