Thread regarding Wells Fargo & Co. layoffs

Layoff packet question

For those recently laid off: did your displacement packet include the standard disclosure showing the ages of everyone in your group who was laid off? I was laid off a few years ago and received it. This layoff I did not. Does this mean I was the only one in my group that was displaced?


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| 7 views | | 14 replies (last 1 day ago) | Reply
Post ID: @OP+1m0xgsg08

14 replies (most recent on top)

@d4 OWBPA is required to list reasons and they could be location, performance, skills, etc.

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Post ID: @ts+1m0xgsg08

With this bunch of crooks? I wouldn't put it past them that the numbers they show are fabricated. ZERO trust of this regime.

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Post ID: @nc+1m0xgsg08

@d4 I guarantee performance will not be listed and that layoffs are not based on performance only. Never got worse than a meets and got laid off. Tons of other examples too

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Post ID: @kx+1m0xgsg08

Posting everyone's age seems to be discrimination ageism obviously. So it is true.

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Post ID: @ep+1m0xgsg08

@d4 yours listed performance as the reason for your layoff?

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Post ID: @da+1m0xgsg08

yes and performance is usually listed as the deciding factor. not saying it's true but they are also required to list why

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Post ID: @d4+1m0xgsg08

@OP Mine had it as well as everyone else in all the affected locations. Goes 3-4 pages.

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Post ID: @br+1m0xgsg08

@as I am over 40.

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Post ID: @bg+1m0xgsg08

Yes, and sadly during my 60-day non-working period I saw my same job posted, but only as a level 1 instead of as a Sr….and at the same 3 sites where me and my peers were laid-off from…kind of surreal and sickening…and btw,
99% of the ppl on that report were also 40+

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Post ID: @be+1m0xgsg08

Its called the "Wells Fargo OWBPA Report".

In accordance with the Older Workers Benefit Protection Act (OWBPA), this report is only provided to employees 40 years of age and older who have been selected for displacement. This report identifies, by job title and age, the employees in the impacted decisional unit who were selected for displacement, employees who were not selected for displacement, and the factors used in making the selection decisions. Unless otherwise noted, the identified selected employees who meet the eligibility
requirements are eligible to participate in the Wells Fargo & Company Severance Plan.

Pool ID: #####

The eligibility factor(s) used in the selection process were:

  • Location (me = remote)

The decisional unit for this selection process was identified by the following factor(s):

  • Job Code
  • Reports To Manager

The following employees have been selected for displacement.

56 Lead ###### (me)

The following employees have not been selected for displacement.

42 - 62 Senior or Lead ###### (rest of my team)

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Post ID: @b0+1m0xgsg08

@a1 are you under 40? That’s likely why.

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Post ID: @as+1m0xgsg08

@a1 were you the only one in your group displaced? I'm wondering if that is why we didn't get it.

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Post ID: @a8+1m0xgsg08

Yes - got the obvious ageism report. 99% over 40.

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Post ID: @a2+1m0xgsg08

@OP I requested it because it wasn't in mine but was in my coworkers

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Post ID: @a1+1m0xgsg08

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