Wells Fargo reviews

3.5

57% would recommend to a friend

(54,462 total reviews)
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Charlie Scharf

62% approve of CEO

55% positive business outlook

Wells Fargo has an employee rating of 3.5 out of 5 stars, based on 54,462 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Wells Fargo employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzen industry (3.7 stars).

Reviews by job title

54K reviews
3.0
Sep 19, 2022
Recommend
CEO approval
Business Outlook

Pros

PTO is generous Pay is competitive Depending on your department and job, there are growth opportunities Healthcare is decent Hybrid work schedule (3 days in office, 2 remote)

Cons

Almost all senior leaders running the business are new-ish still one he company and have made massive changes that have not seemed very well thought out. Tenured and respected leaders have abruptly “retired” and been replaced with various people from outside the company. Morale is low. Everyone thinks they are next on the chopping block and constant reorgs is causing a lot of change fatigue. I can’t say I know anyone that works there that is happy to be there at this point. It was a better company before Charlie Scharf took the reins. It feels soulless now.

2.0
Sep 15, 2022

Can't get out of their own way

Recommend
CEO approval
Business Outlook

Pros

Ability to manage great teams and have an impact on complicated, strategic projects. Salaries are higher than most of the large banks.

Cons

- Management is a hot mess. With 4 CEOs in the last six years, and continuous management attrition, the firm is constantly (and unsuccessfully) looking for its footing. - The newest leaders have confused the culture and made working at the firm chaotic. People are let go for no reason. People are asked to raise their hands, but when they do they are paid off to leave. Retribution is rampant among leaders who have had HR cases filed against them. - Wells Fargo could be great if they would listen to the people who have been tirelessly working there since the Account Settlement issues of 2016. The new leaders have their own plans however, and unfortunately it is a case of confusing leadership that is not building a conducive place to grow.

1.0
Aug 22, 2022

Hopefully Never Again

Recommend
CEO approval
Business Outlook

Pros

Bonus money if you fund 11 loans a month at $90 per loan (otherwise you don't get a bonus for the HLP role at the time of writing), PTO, benefits

Cons

High stress environment, always pushing and proding for stakeholder and greatest market-share performance which whiplashes the employees. Inhuman work environment regarding best places to work - there's a fine line they hit with legal compliance and integrity and burning out their employees. Employees were requesting their role to get selected for elimination so they could get their severance pay (which was generous) and get out. It's not worth the money but sometimes you have to take a job out of responsibility. Gov't & internal audits, call monitoring, branch inspection for all employees, tight deadlines, shame/reward model each day highlighted in green/red for work done the day prior sent over the team email. Very little grace. Sink or swim.

Viewing 565 - 567 of 54,462 Reviews

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