Was there such a time? It's obvious that right now they couldn't care less about us considering they are forcing the return to office despite knowing full well that the overwhelming majority of employees doesn't want it. That's just the latest example among many more. Since I've been here for just under five years, I have to wonder if it was ever different?
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I have a 15 year history between Wachovia and Wells Fargo. Some people did not realize how good they had in the Wachovia days, they valued employees and hard work.
Fast forward to the current Wells Fargo days, and the big cheese wanting to reduce workforce by 10% as was mentioned a couple years ago. What better way to reduce expenses then put the screws to people, reduce benefits (do more with less people, not match 401k till end of year now) and have people put in longer days and burn them out so they leave. So in the end, they leave on their own recourse, leave severance and 401(k) matching on the table.
For those for those that have not been in WF Bank for a long time, it is about shareholders, not about the employees and making them happy any longer.
I recently Had a couple of long time coworkers, and friends left or got laid off after 15 to 20 years of service. They will bring in someone for third of their salary just to fill a seat. No matter what leader ship says, it is not about retaining good talent anymore, it is about money and will be for the foreseeable future.
Wells has had at least 15 scandals (and counting), not only the initial account opening one. Pay attention.
I've been with WF a ling time and it's always been unethical and greedy.
Thinking otherwise means you fell for the lipstick in the pig.
Yes actually. The worst leaders were from WF and best from Each. The WF leaders were the ones pushing all the scandalous activity. There were and are some id--t Wach leaders too. Even with some of the smaller scandals in brokerage JH is still there. 90% of the new "leaders" cannot even speak and broke things apart before even thinking of a plan. Being candid, not sure I've heard many people including some existing leaders think highly of many of the new leaders.
Yes.....before Wachovia.
@ztm+1ccpE7z3 Ok boomer, I guess no one who hasn't spent decades at this dump and comes to its defense on a layoff board could possibly have the insight to know how rotten it is. I only have the constant lawsuits, congressional hearings, asset cap, and new stories to go on.
Blue Wachovia
You clearly do not have tenure with Wells Fargo. Therefore you cannot share an accurate opinion of how things were in the past. What appears to be much more accurate is that you are a TROLL looking to spread hate and negativity within Corporate America.
You think Wells Fargo was GREAT…ever? At best it was a parasitic big bank like all the others. You placing the blame on “front line” employees somehow miscommunicating the crimes of upper management to customers says all anyone needs to know about your amazing powers of observation.
Excusing the employees here when those (specific) scandals happened and then damning everyone hired after you as lazy and entitled is as Boomer Brain Rot as it gets lol
I understand, truth hurts. Probably struck a nerve with the post but the reality is the reality. This company was GREAT, about 10 -12 years ago. But it is not anymore and much of the blame falls with the front lines and how they communicate with customers. Or should I say don't communicate.
Not excusing anyone. The fact is most everyone here was not involved.
This is not a Boomer thing. It is a human thing. Look around at our company and our country. If you think we are improving in either - you must not be very observant.
“ A very small percentage of employees did bad things, no one is questioning that. But those individuals do not represent all of this company. Actually less than 2%. So very sad that in today's world when a few people do something wrong it is assumed they represent everyone from their company, line of work or worse yet, Race.
“…many, many, many bad hires as we no longer actually talk to people and interview appropriately to learn about someone. To be CANDID - many of you don't work hard and are entitled and you do not deserve to be treated well. Earn it !!”
Excusing the employees here when those (specific) scandals happened and then damning everyone hired after you as lazy and entitled is as Boomer Brain Rot as it gets lol
It is so sad that negativity rises to the top. Still reading how all of Wells Fargo is bad because of the fake accounts. A very small percentage of employees did bad things, no one is questioning that. But those individuals do not represent all of this company. Actually less than 2%. So very sad that in today's world when a few people do something wrong it is assumed they represent everyone from their company, line of work or worse yet, Race. Yes, Wells Fargo used to and still does treat employees in various divisions extremely well. I have been here through good and bad and have always been treated well and I respond with hard work and positive constructive feedback where needed. Things changed at a high level with the hiring practices started about 8 years ago. Since then many, many, many bad hires as we no longer actually talk to people and interview appropriately to learn about someone. To be CANDID - many of you don't work hard and are entitled and you do not deserve to be treated well. Earn it !!
Yes, prior to 2009. We also took pride in doing things in-house in that era. Now we look to contract every possible role no matter how potentially damaging it might be.
"Our people are our most important resource."
I remember those days. The bank at least pretended back then.
Back in my WFHE days, before Wachovia, one of the bank's mantras was Our people are our most important resource. Wells was a completely different bank back then.
Haha! They ra--d and pilfered customers by opening fake accounts and paid billions in fines. That was not the only publicized scandal. If they will do that to their (revenue generating) customers, do you think they care about respect of employees?! C'mom man!
Wells Fargo never value or respected their customers. They scammed them every chance they got.
Thankfully those garbage CEOs are gone now and Scharf is cleaning up their mess.
If you are an employee who doesn’t feel valued now you must not add much value to wells. It’s a 2 way street
Waaaaaahhhhhhhhhhhhhhh!!!!!
Yes, pre-Wachovia. It was rated one of the best places to work year after year. Now all they care about is profit. WF didn't take over Wachovia. It was the other way around. It lost its Midwest roots.
Yes, before the WF management team took over from Wachovia.
Yes; before the Wachovia management team was embedded into Wells Fargo. It has been downhill ever since. It accelerated after Scharf was installed.