Wells Fargo reviews

Wells Fargo is an employer lacking ethics and strategy. I was a top performer for consecutive appraisal cycles. One fine day out of the blue with got to know in a call that our LOB is shutting down as Wells Fargo was pulling out of that business. Given the fact that I am among the top few, I had a false expectation that I am an asset to the company and most of us will be fitted to other requirements elsewhere in the company. But that never happened, a day after that call India management told us they are not sure what's gonna happen. On top of that there were no openings it seemed internally, so the only unsaid option we had was to move out. Now, most people in our team gradually did move out by getting jobs in other companies but there was zero support from management and HR to even try and get us an internal opening. In the mean time they were hiring new candidates from outside parallelly. Not a single question was answered and a template answer was always provided telling that there is a lack of clarity. When people were resigning, initially they didnt even ask the reason and the top performers were the first to get jobs outside but surprisingly they were asked to pay if they wanted to leave early, now the situation was either to stay without any assurity about your job, or pay some amount to get an early release so that you can join a new company, WOW! . Few people who did not end up getting jobs were ultimately handed pink slips by end of 2020 without one proper oppurtunity. Worst part was, after a month of all of us leaving, we get to see job openings being posted on Job portals and also getting mails from recruiters for requirements on the same skill set which we had. If as a top performer in a company I have to go through this that too during times of COVID then imaging the kind of ethics the management has who decide to let go of existing top perfoming employees and hire new people in a 2 hour interview on the same skill set. This clarity on the company's lack of ethics, empathy and common sense might help someone not to choose Wells Fargo as their employer.

Unfair business practices, management suggesting immoral practices, poorly trained and educated staff, extreme pressure to put extreme pressure on customers despite their best interests, subpar products that one is expected to push, repeated unethical and questionable business practices, managers who are uneducated, and uninformed, lack of concern for the best interests of the customers or employees. They fail to prune out employees that have been popped for violating policy, and punish those that follow it. Employees are encouraged to endlessly harass customers into products they don't need. This company embodies the peter principal, and rewards their most morally deficient employees.