The company is going through a total transformation which means massive layoffs in pretty much every department. Layoffs are a "normal" part of the Wells Fargo culture and all the employees know this is just part of "the Wells Fargo way", although no one expects it to happen to them until it does. The truth of the matter is that the employees are truly just a name and number on a spreadsheet. The CEO does not value the employees and is more concerned with spending millions remodeling existing buildings than using that money to keep employees employed. The company used to have a STAR program that would prioritize displaced employees for rehiring purposes but that program no longer exists, so once you're displaced your chances of getting rehired are slim to none. In the day and age of remote work being proven to be effective, the Wells Fargo CEO is out of touch with this and insists on a hybrid work schedule, which is in alignment with his desire to move much, if not all, of the work that can and should be done remotely to a physical location in Charlotte.
Overall Wells Fargo was once a good company to work for, but due to the total transformation and the reduction of prioritizing employees, I would be caution anyone who gets hired there, and be ware that it's almost certain that you'll be displaced at some point during your employment there.
