Thread regarding Wells Fargo & Co. layoffs

Negotiating severance?

Layoff WF Fam,
First off, thank you for the all contributors on this site for their insight and support. You guys make the slog more tolerable.

A long time ago, I read a blog about a guy (financial samurai) who used to work in finance that was trying to sell a book about negotiating severance entitled “Engineering your own layoff.” Did anyone read the book? If so, what insights did he share?

Has anyone been able to negotiate their severance from WF besides the standard 2 weeks per service year that is already in handbook? If so, how much and how did you do it?

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Post ID: @OP+1uGzD9Wo

4 replies (most recent on top)

The time to negotiate severance is before you are hired... not after.

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Post ID: @1pyf+1uGzD9Wo

I read the book. It's a lot of fluff to fill pages and sell a PDF. Boils down to basic negotiation if you know an employer wants people gone. But, wells doesn't really take volunteers so a lot is moot unless you have them over a barrel for some HR violation, and in that case you'd be talking to a lawyer and not me.

Also, I know where that book is advertised. Remember the first rule of Fight Club.

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Post ID: @dvs+1uGzD9Wo

I haven't heard of the book, but I did Google whether severance is negotiable. There are a lot of articles on the topic. Here is an excerpt from one:
A departing employee may have potential claims against the employer for such things as discrimination, harassment, whistleblower retaliation, or wrongful termination. If the employer knows of circumstances that could support such a claim or has reason to fear that the employee has the ability, intent, and justification to take legal action, the employer may want to insulate the organization from such risk in a severance agreement.

So I would say it depends on the nature of the lay off. One question that I have been pondering is the average age of the remote worker. It would not surprise me if most of the remaining remote workforce is 40+ and/or working remotely with a medical accommodation. I'm not sure how likely it would be for people to file a lawsuit against Wells alleging discrimination, and actually win it, but it's something to think about.
I also wonder how many EEOC complaints have been filed, and found to be justified. They engage in practices that violate Title VII. Just my own two cents.

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Post ID: @ogu+1uGzD9Wo

Since you have benefited from the contributions, why don’t you read the book and share?

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Post ID: @zze+1uGzD9Wo

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