If you look at the WARN notices in Iowa, you can see where they are notifying on the same day or after the layoffs. Wondering how they get away with that.
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@2anw+1nB56njm
Huh? You ate paint chips as a kid, didn’t you?
Welcome to the world of business. Perhaps WFC has been doing more than its fair share but most large companies do this regularly. What you all fail to recognize is the decent severance. Maybe it’s not inline with Meta’s severance, but it’s pretty good compared with the average company. I can speak from experience as a director with a public company. 4.5 years yielded a 4 week severance, no health insurance (only $800/month cobra) and no pay out of 15 accrued PTO days. Hard to feel sorry for those receiving WFC packages.
Left to drag on? Like the last 2 years hasn't been constant drip drip drip of layoffs?! And it will continue to at least the end of 2024.
From what I was told, WF itself doesn't actually run the algorithms that pick the employees getting axed. It's done by a third-party organization, that way, no favoritisms, etc.. EY does the same thing when it lays off groups of people. Most low-level managers that get the fun job of telling their employee's they have been let go, don't have a say. if it was left up to those low-level bozo's, the process would drag on.
I see you've learned how you vote multiple times. Impressive, lol. Back to be Charlie, you're drunk, again.
@1rkg+1nB56njm the mo--ns live here.
It isn't rocket surgery figuring out what the mo--ns in Hudson Yards are up to. They only think they are the smartest people in the room.
Wells learned years ago how to avoid WARN notices. The general rule is:
"The WARN Act requires employers with 100 or more full-time employees to provide at least 60 calendar days advance written notice of a worksite closing affecting 50 or more employees, or a mass layoff affecting at least 50 employees and 1/3 of the worksite’s total workforce or 500 or more employees at the single site of employment during any 90-day period."
Because Wells has a dozen highly used sites and several dozen more lower usage sites, they have a ton of flexibility to avoid breaching the 50/500 employee counts. They went over in Florida for the recent mortgage office that had 100 employees but for the most part as long as the company is able to spread the layoffs across tons of sites and ensure that they don't lay off more than 1/3 of employees in a single site, it all goes unreported.
It's kind of disturbing because the fact that they used to trigger WARN notices several years ago and now they don't means they probably had a software development team in India write software to go through and plan out how to lay off employees in a systematic way so as to terminate as many employees as possible without breaching that 50 / 500 in 90 days per site rule.
You can check warn for your state
amazing how this site always knows the secretive plans.
List them