A sinking ship, nothing left to sell to create partnerships, no ethics, no honesty, no value - Sales Wells Fargo Employee Review

1.0
2 Aug 2018
Recommend
CEO approval
Business outlook

Pros

There are some highly qualified and incredible people who work for this bank who should be the ones running the show, who have experience, integrity and honor and actually believe in doing the right thing for the customers, but they are not popular amongst the leaders and executives who are inept and incompetent if not complicit in the past and most current events of cheating people

Cons

Nepotism and a culture of who has been there the longest gets to move up the ladder regardless of much higher qualified people who should be given the positions based on genuine business line experience, not based on the good old boy system that plagues this organization where having a job in top level management one gets to fleece the stakeholders with inept business plans, clearly designed to cheat customers, get to fleece employees wages and make employees pay for the tools they need to do their jobs and and a culture of mental mastrubation where the executives, who none of have any face to face experience ever are the ones creating the schemes to defraud people and scam people. Example 20 000 people who had their cars repossessed because the bank had placed insurance on their vehicles based on a credit score model and of course intentionally failed to inform their customers they were paying 100 to 200 dollars a month in forced placed insurance on their vehicles, resulting in a blatant and extreme violation of trust which was done intentionally, with malice to earn a few extra bucks and violated every level of trust most of us have in our banks. The scandals are not over nor will they seize since the management are still all part of the same club who created these scandals. As an employee you are expected to go along with dishonest and unethical schemes which even criminals can distinguish between right and wrong

Explore other reviews about Wells Fargo

5.0
26 May 2026
Recommend
CEO approval
Business outlook

Pros

Thank you for contributing to the community. Your opinion will help others make decisions about jobs and companies.

Cons

Aggressive or discriminatory language Profanities Trade secrets/confidential information

4.0
1 Dec 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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