Wells Fargo reviews

3.5

58% would recommend to a friend

(54,306 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 54,306 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
1.0
Jul 23, 2024
Recommend
CEO approval
Business Outlook

Pros

1. You would get good infrastructure 2. Good cafeteria

Cons

1. No perks at all and indeed removed all employee benefits. 2. Very strict WFO and office hours tracking 3. No work life balance, you will be having all late night calls especially with US people, no shift allowance for technology people even though you will be working till 10:30 pm night 4. Too much dependency on US people 5. No HR connects 6. Wasting of time with All hands meetings 7. Unnecessary process automations 8. Too many leadership changes infact India head itself left the company including HR of India head too

2.0
Jun 12, 2024
Recommend
CEO approval
Business Outlook

Pros

Wells is trying to become Agile which could be a positive.

Cons

Wells did not enact Agile transformation across the company. It started in Technology but there was no sponsorship in LOB. Also, Application Managers have locked horns with Scrum Masters as they see this new role as encroachment on their traditional positions. As a result, the half-baked approach has actually increased risk in certain areas. The senior management were excited to flatten the organization (i.e., displacement) but were not informed that Agile requires an upfront investment and proper staffing before efficiencies can be gained. WF hired dozens of Agile coaches for 2 years which had no support and was not as beneficial as it could have been. Currently, as of 2024, WF is 4 years into a 5 year transformation, but is probably another 5+ years away from true Agile. In the meantime, metrics have been weaponized and the org, in general, is practicing Waterfall 2 weeks at a time in sprints. With lack of direction, diminishing resources, confusing direction from senior management, Wells resembles the Hunger Games with pockets of management practicing vastly different versions of Agile, creating unorthodox organization structures to hide particular employees from layoffs and finding end runs around corporate policies where possible. Staffing is thin and middle management is overworked, particularly on the business side (i.e, Product Ownwer) which hasn't been giving the budget to staff for Agile. With deep staff cutting and a mishandled Agile transformation, in time any short-term monetary gains will be short lived and replaced by slower times to market, greater risk and poorer service marked by extensive employee dissatisfaction.

1.0
Dec 27, 2023

Soul Sucking

Recommend
CEO approval
Business Outlook

Pros

Health Insurance, PTO, Consistent Schedule

Cons

When I first started at Wells Fargo, I was very excited. The training was 10 weeks and I felt like I was brainwashed into believing Wells Fargo was a good company. I very quickly realized that was not the case when my manager put me in an uncomfortable position. She gave her notary book to another banker to do notary for her when she was not there and had me present and involved. I told her I was not comfortable with that and would not be a part of it again. I reported it, but nothing happened. The company continues to make you feel like youre not doing enough so that they can suck every ounce of your soul out of you in order to perform as a Wells Fargo puppet. A lot of upper management is really brainwashed in on climbing the ladder. It was a miserable environment to work in and I'm glad I was in a position that I could leave. I honestly would cry at least once a week because of the stress of this job, they constantly make you worried you will be fired for nonsense. The company does not have your back, you're their pawns. I don't know a single employee that was happy to be there and I watched many people quit or be fired for minor things in less than a year. High turn over rate!

Viewing 76 - 78 of 54,306 Reviews

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