Was a great place to work - Anonymous employee Wells Fargo Employee Review

2.0
Jan 25, 2024
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I can’t think of any that are still in existence.

Cons

They have pushed out most of the long term employees who really cared about the stage coach, its customers, and their work. The benefits have steadily declined. One time 401k match at the end of the year, you lose it all if you leave before it’s paid out. Raises are laughable (1.3%) and bonuses are as well. Zero incentive or reward for doing a good job. They do job title and group reorgs periodically that will basically demote you. Getting a promotion is like pulling teeth, but harder. There is no clear path for career advancement. Managers that do not know what they are doing or how to be a good manager. So much more…it really went downhill. When I joined in 2016 I was so happy with it that I thought I would retire from there. Then came the new CEOs.

Explore other reviews about Wells Fargo

5.0
Jan 29, 2026
Recommend
CEO approval
Business Outlook

Pros

Great place to work with lots opportunities

Cons

Sometimes long work hours and weekends

4.0
Dec 1, 2014
Recommend
CEO approval
Business Outlook

Pros

Benefits (but cost creeping up and coverage creeping down each year), Good Morale Both Management and Coworkers, and Honestly a Great Company.

Cons

Cross Selling is the only focus now, firing employees who are great at their job in every area that should matter but if the cross selling results are not meeting the ever ridiculous quota (which continues to rise) than you may not have a job next month. Expectation for customers to say yes to cross selling, leaving you with no real control of your job security. Stress!

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