Is it better to get a pre notice you’re going to be displaced. Or just get the notice.
7 replies (most recent on top)
Many years ago I knew I would be displaced from WF in about 6 months. Didn’t change anything for me because I still had to do the work. Now, I am hoping to just get a 2 week pre-notice to tie up some loose ends and say goodbye. I refuse to do all the work I did in that first displacement while knowing I had to stay until the last day to get my severance.
LOL is this a serious question?!?
I'd like the pre-notice. At this point, many in my area are working half heartedly because they are mentally checked out, wondering or worrying. Most know they're on the chopping block due to "location strategy" but not knowing if it's this week or next year, is a bit much. The amount of lost productivity across the bank right now is NOT efficient.
WF execs have taken the approach of: if you are remote or not in a hub you are long term useless to us AND we're going to toy with you until you quit to save severance dollars or you hang on until we are done chewing & then spitting you out.
Everyone has their own wants/needs. I will absolutely hang on for severance. I'll do what I need to and give zero reason to get anything other than displacement. If I had pre-notice, I'd be far more productive because I wouldn't feel like I was getting jerked around week after week but would know the end date and could plan accordingly.
I’d rather get a short pre notice so I can line up access externally and otherwise prepare. I got laid off in 2008 near the holidays and pretty much did nothing for two months. I had a job lined up after my 30 day non working. I had the traditional 30 day working 30 day no working but was actually on PTO for part of it. It just happen to work out. Now you’re gone the same day.
I was notified of my layoff six months before my last day (after which the 60-day non-working period began), and it was mentally brutal to continue working, knowing the end date. I was grateful to still have a paycheck and everything, but it was so difficult to continue engaging in the work and with my colleagues knowing that a chunk of us had an end date coming up.
So, I'd say there are advantages and disadvantages on both sides. Being laid off with no warning has to feel like a sl*p in the face. No time to plan ahead.
If you haven't been laid off, but you suspect it's coming, it's a good idea to start saving money as if your paychecks are numbered, just in case it happens without warning. My understanding is that it's quite rare to have the kind of warning my group did (6 months).
I like the idea of the 60-day non-work notice. That way, you get paid for 60 days as if you were working (technically still employed with WF) then severance kicks in.
Some have received a 60-day work notice where they have to actually work for 60 days, then they’re done and severance begins.
Whats the difference? The outcome for you is the same, you need to find another job.