Run Away if you are US tech employee - Recensione dipendente - Capital Markets Developer presso Wells Fargo

1,0
27 gen 2021
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

They used to have the best salaries in the area. Some of the benefits are ok.

Svantaggi

Wells Fargo is flailing trying to stay afloat. It is now trying everything it can to get rid of as many US employees in technology as possible and replace them with offshore employees at a fraction of the cost. The pandemic has only made this trend worse. The experiment started about 7 years ago. Two separate management chains, which only diverge about a level or two below the CEO. Offshore is completely unaccountable to anyone in the US, and their performance is abysmal. US employees take the blame for their mistakes and often have to work extra to fix them. Wells has always had a bad time managing underperforming employees. Employees who routinely do the jobs of 3 or more people are never promoted or given raises, while those who do nothing climb the ladder quickly. With offshore, that is magnified 10 times. Most offshore managers only care to increase their headcounts, with no regard for actual delivery of work. The project I work on has steadily collapsed under their weight, as every US employee who leaves is replaced by 3 offshore employees who do literally nothing, if you are lucky. I have "coworkers" who haven't made a single check-in in over 3 years. They are being promoted. What we are now seeing is most of the valuable US employees being given negative performance reviews, including those who have literally done the work of 7 people for more than 5 years. Management does not care. They have targets to meet, and they will meet them. It is abundantly clear the Wells Fargo is moving to a 100% offshore technology model at the expense of its US employees. We get no bonuses. We get no new hires. They get tons of bonuses for no work, and always seem to have new job reqs opening. It. Is. Hell. Here. I'm literally just waiting until they lay me off so I can get a severance package. I hate every second of this place and cannot wait to leave.

Esplora altre recensioni su Wells Fargo

5,0
11 apr 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Great company to work for

Svantaggi

Being on the phones long periods of time

4,0
1 dic 2014
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Benefits (but cost creeping up and coverage creeping down each year), Good Morale Both Management and Coworkers, and Honestly a Great Company.

Svantaggi

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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