Thread regarding Wells Fargo & Co. layoffs

Displacement Questions

  1. Year-end Bonus Eligibility - what is the date that you have to work up-to to receive your bonus? (December 31?)
  1. 401k Match Date for the year?
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Post ID: @OP+1tf77rvl

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I received my 60 day non working notice first week of September 2023 and received a year end bonus but did not get the 401k match bc I was officially terminated the first week of November

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Post ID: @2uit+1tf77rvl

It's very clear-cut in the Bonus section of the handbook. If you're laid off, your notice period has to take you through 9/30 - so if you're laid off before August, you get nothing. Same thing with 12/15 and 401k match.

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Post ID: @1yyg+1tf77rvl

You have a legal right to the bonus pool for the time you have worked. If they tell you otherwise show them the finger. Make sure you get extra severance on this account. It is part of the budget.

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Post ID: @zzs+1tf77rvl

The language on bonus eligibility is squishy, believe it’s Sept. 30 but it’s up to your manager if you get a bonus. I’d be surprised if many managers use their funds to give a bonus to someone who no longer works here.

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Post ID: @wtp+1tf77rvl

Look up the severance policy. It’s all spelled out

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Post ID: @qzu+1tf77rvl

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