Thread regarding Wells Fargo & Co. layoffs

SR leaders receiving packages yet claim retirement

I know if 4 Directors who asked to be laid off and communicated it as they are retiring. Yet the peons ask for a package or volunteer and are told NO you can’t do that.

What’s up with this???

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Post ID: @OP+1jn1ymeme

7 replies (most recent on top)

Who let the dawgs out?

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Post ID: @js+1jn1ymeme

The ignorance here constantly astounds....this practice isn't limited to Managers or Executives, it's actually a way of taking care of any employee who wants to retire. What better sendoff could you give than (many) months of free pay to ease into Retirement?

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Post ID: @jm+1jn1ymeme

Nobody gets “laid off” above a certain level. They save executives the embarrassment. I love this naive outrage.

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Post ID: @dy+1jn1ymeme

Happens for non managers as well. If someone has shared with their manager they're thinking of retirement, rather than displacing someone else, displace the person who's going to retire anyway. Not everyone wants to be displaced.

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Post ID: @d2+1jn1ymeme

There you have it managers take care of their own.

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Post ID: @ag+1jn1ymeme

That's been going on for years. Most of the time they are asked to retire. They get to go out on a better note and they get a nice package

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Post ID: @ab+1jn1ymeme

Severance for their retirement for them ... but not for you. Life isn't fair ... is it?

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Post ID: @aa+1jn1ymeme

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