Thread regarding Wells Fargo & Co. layoffs

What’s the incentive to get 10 years before laid off? I’m at 9 years 6 months and obviously getting cut soon…

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| 1276 views | | 11 replies (last July 29, 2024) | Reply
Post ID: @OP+1tKhsjl8

11 replies (most recent on top)

Incentive? Absolutely nothing is ever considered an incentive when working for WF. As long as we are being rented, we are being treated like a rental.

The only controllable incentive an employee has is the option to quit and run from this place. Not realistic for some, but that is quite revealing on how ugly things really are.

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Post ID: @mdq+1tKhsjl8

You get an extra 2 weeks of severance. You can hang out for another 6 months FFS.

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Post ID: @qbw+1tKhsjl8

Cubes have been replaced with the lucite frames with mini certificates inside. Kinda lame, cubes were better. In any event OP, you get severance based on COMPLETED years of service, so if you got downsized one day short of 10 years, you'd get 1 less severance pay check than you would if you were 10 years plus 1 day.

PTO on the other hand, is by calendar year, so if your work anniversary is any time in 2024, you're already accruing at the higher rate. If it's 2025 you won't accrue at the higher rate until next year.

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Post ID: @wza+1tKhsjl8

@uni+1tKhsjl8

Correct, they were too effective at bludgeoning.

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Post ID: @kte+1tKhsjl8

@sfx+1tKhsjl8
I don't think they give those out anymore

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Post ID: @uni+1tKhsjl8

Generic lucite cube to commemorate your 10 year anniversary

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Post ID: @sfx+1tKhsjl8

Extra TWO weeks of severance (and benefits) and perhaps some addtl PTO accrued for payout.

Nothing else.

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Post ID: @cwt+1tKhsjl8

Also matching if you are contributing to your 401K.

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Post ID: @mzw+1tKhsjl8

Anything to do with being over 58 and have stock ?

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Post ID: @vjk+1tKhsjl8

Another week of paid severance

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Post ID: @zwt+1tKhsjl8

An extra week of PTO

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Post ID: @jxf+1tKhsjl8

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