Toxic workplace and laying off higher salary employees - Senior Engineer Wells Fargo Employee Review

1.0
Jan 13, 2025
Recommend
CEO approval
Business Outlook

Pros

Benefits and PTO are good. Coworkers are great but MGMT sucks.

Cons

Senior MGMT doesn't care about employees. Everyone is afraid they will lose their jobs. Chaotic environment and things change at whim of senior mgmt. Senior MGMT will not take advice or recommendations from Technology experts bc they make decisions based on bottom line. Senior mgmt lays off loyal longtime employees to cut costs and replaced with offshore resources. Those left after layoffs are only there to train their offshore replacements. Everyone is scared they could loose their job at anytime. Say layoffs are done "for now" but that doesn't mean they won't happen next month or next year. The workplace culture has been destroyed but senior mgmt. They only did RTO to get rid of people.

Explore other reviews about Wells Fargo

5.0
May 20, 2026
Recommend
CEO approval
Business Outlook

Pros

Good pay and solid company

Cons

Layoffs and RTO culture are stressful

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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