Thread regarding Wells Fargo & Co. layoffs

2024 Severance plan

Please share if you know changes are coming in 2024!

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| 3324 views | | 10 replies (last June 25, 2023) | Reply
Post ID: @OP+1ngPVyKw

10 replies (most recent on top)

Do you honestly think Charlie cares about long timers? Think again. Look at all the 30 plus year employees he has axed and ask yourself if he cares about loyalty? The answer is no

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Post ID: @2civ+1ngPVyKw

@2inz+1ngPVyKw

you’re still nuts

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Post ID: @2dhm+1ngPVyKw

It is being eliminated. Before everyone tells me there is 'no way' I was on here saying Charlie would get rid of mortgage and everyone said I was nuts, how did that play out?

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Post ID: @2inz+1ngPVyKw

If they cut severance for long timers that spent their best years committed to this company, it is a new level of absolute employee disregard. I’ve heard there are talks of this and I can’t even believe they would do this -it would be an absolute new low. They snuck in a couple month reduction just a few years ago.

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Post ID: @1muh+1ngPVyKw

Capping severance at 6 months. I am sure if Charlie had his way he would ax it all together

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Post ID: @1dqz+1ngPVyKw

Put more people on performance plans then they don’t have to pay.

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Post ID: @1uan+1ngPVyKw

Why worry about something you can't control?

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Post ID: @1bdd+1ngPVyKw

There are no changes to severance for 2024.

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Post ID: @eph+1ngPVyKw

good question.....but 2024 numbers have already been decided.....your merit/bonus/ maybe a promotion...
as far as severance package....I know it used to be up to 18 months depending on years of service and now it's 12 months for everyone. If WF changes that--my guess they'd like to reduce it 6 months...
good luck finding out any intel

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Post ID: @mgo+1ngPVyKw

I may be wrong, but thought those type of changes need to go through board of directors approval.

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Post ID: @wcr+1ngPVyKw

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