Thread regarding Wells Fargo & Co. layoffs

Bonus Cutoff Date - Sept. 30th True? Or False?

Does anyone know where to confirm or find the cutoff date for still getting bonus if displaced? I assume August 5th + 60 days notice would get me over the cutoff hump since I heard on this forum Sept. 30th is the cutoff and somewhat up to your management regarding how much. HR was useless when I tried to confirm. This is the fourth time I've contacted HR with a question in the last year that they can't answer nor point me to specific evidence or cutoff dates.

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Post ID: @OP+1jz321t68

9 replies (most recent on top)

I would suggest not expecting a bonus unless you are an active employee next February.

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Post ID: @g8+1jz321t68

if you leave voluntarily you aren't entitled to a bonus and will not get one

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Post ID: @ex+1jz321t68

@a5+1jz321t68

Same. I split up the bonus pool among employees to keep them happy. I can’t worry about those who were let go. Not my problem anymore.

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Post ID: @ev+1jz321t68

If you are still an emp by the cut-off date, but left after, will you still get the bonus?

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Post ID: @ax+1jz321t68

@a8 is correct.

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Post ID: @a9+1jz321t68

you have to be an employee as of 9/30 to be eligible. If you are on notice period you are still considered an employee. Ultimately up to your management if you get a bonus or not but if you go search for posts on this subject from the last couple February's you'll find plenty of posts with people indicating they received a bonus.

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Post ID: @a8+1jz321t68

As far as pro-rating a bonus in normal circumstances that is the cutoff 9/30

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Post ID: @a7+1jz321t68

I gave all 0's to my displaced people last year. They were displaced for a reason.

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Post ID: @a5+1jz321t68

You have to be on notice on or after the eligibility date -- but that doesn't seem to be defined in any of the documents. Even still, if you're gone they might not even put you in for a bonus.

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Post ID: @a3+1jz321t68

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