Zero Job security, top performer layoffs - werkgeversreview Quality Assurance Engineer bij Wells Fargo

1,0
9 feb 2021
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Pluspunten

Free cab facility and good onshore partners.

Minpunten

Wells Fargo is an employer lacking ethics and strategy. I was a top performer for consecutive appraisal cycles. One fine day out of the blue with got to know in a call that our LOB is shutting down as Wells Fargo was pulling out of that business. Given the fact that I am among the top few, I had a false expectation that I am an asset to the company and most of us will be fitted to other requirements elsewhere in the company. But that never happened, a day after that call India management told us they are not sure what's gonna happen. On top of that there were no openings it seemed internally, so the only unsaid option we had was to move out. Now, most people in our team gradually did move out by getting jobs in other companies but there was zero support from management and HR to even try and get us an internal opening. In the mean time they were hiring new candidates from outside parallelly. Not a single question was answered and a template answer was always provided telling that there is a lack of clarity. When people were resigning, initially they didnt even ask the reason and the top performers were the first to get jobs outside but surprisingly they were asked to pay if they wanted to leave early, now the situation was either to stay without any assurity about your job, or pay some amount to get an early release so that you can join a new company, WOW! . Few people who did not end up getting jobs were ultimately handed pink slips by end of 2020 without one proper oppurtunity. Worst part was, after a month of all of us leaving, we get to see job openings being posted on Job portals and also getting mails from recruiters for requirements on the same skill set which we had. If as a top performer in a company I have to go through this that too during times of COVID then imaging the kind of ethics the management has who decide to let go of existing top perfoming employees and hire new people in a 2 hour interview on the same skill set. This clarity on the company's lack of ethics, empathy and common sense might help someone not to choose Wells Fargo as their employer.

Ontdek andere reviews over Wells Fargo

5,0
13 feb 2026
Aanbevelen
Goedkeuring directeur
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Pluspunten

The culture at Wells Fargo is okay, at the same time it is what you make out of it.

Minpunten

Career placement may be unstable.

4,0
1 dec 2014
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

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

Minpunten

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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