Wells Fargo used to pride itself for the quality of people they have in their institution. People As A Competitive Advantage or P.A.C.A they called it. Once Charlie changed the title of its Team Members to Employees, everything started going down hill. The business encourages employees to be “risk managers” and to comply with their Risk Management Framework. However, when the employees raise and escalate capacity management and inadequate staffing concerns, there’s little to no response from leadership. Many of my partners I talk to on a daily basis have been getting ill. From stomach problems, anxiety, depression, up to and including heart conditions. Many have considered early retirement. Similar to number ours leaders who opt to retire this year. The company no longer offers a great work life balance. They no longer show they care for people. What have you experienced in your org?
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My last day is 8/4. It has taken me 8 emails to get my boss to enter my retirement exit date. I cant do it nor HR. Now he has not communicated with me at all either since I called him with the news end of June. Carrying COBRA for 10 months and then Medicare. Was trying to hold out for layoff as many around me have been let go over the past year but they know who the retirement crowd is and are waiting us out. I'm over it. Hitting the golf course again today.
The business comes first. They don’t care about the people, it’s just business. The inclusion / human first mentality is all a show for reputational risk concerns on their part.
They scared all the healthy people off.
Correct. If you haven't seen a huge uptick in LOAs, short/long term disabilities, and deaths, you aren't aware of the status of very many employees. And don't give me that "it's C19!" nonsense. The #s didn't go up until 2021.
it's the clot shot you all took for sAfEtY aNd StUfF
After almost 20 years I’m out. CS won, I just can’t take it anymore. Gave my notice, taking a 50% pay cut and never felt more relieved.
Someone in my building lost it, broke the window by their 5th floor cubicle and jumped out last year. I decided I needed to go before I got to that point.
💉
Word choice doesn't matter. Actions matter. WF has always been a terrible place to work.
Time and time again witnessed managers either by choice or by an overstrict policy severely neglect for its best performers. Trapping them in current roles, unwilling to let careers grow both professionally and financially. Zero faith/trust in their professional expertise. Punishing all employees when a few bad actors are caught.
Time and time again WF has shown a fear-based manipulative culture where it's important to not question, to not make mommy and daddy mad.
The less visible you are the better, just put your head down and collect a paycheck.
Those of us that remain employed are damaged in different ways, it is impossible to end each work day without the baggage building up.
WF neglects its workers through and through. Its no wonder WF can even operate on the duct tape and soured relationships it keeps enlisted today.
Absolutely awful. There is no other way to say it.
Anybody remember when a Wells Fargo employee self-deleted a few years ago and the company posted an angry statement about how he violated the rule against firearms at work?
https://www.desmoinesregister.com/story/news/2014/11/18/wells-fargo-jordan-creek-self-inflicted-gunshot-wound/19232597/
Count me as someone who's looking to retire as soon as possible. I get the impression the people in Hudson Yards are trying to sc--w with us on purpose. Between RTO, hub strategy and removing any sort of program that promotes teamwork or pride in the company - it's clear that this is now a job and we are definitely employees. It's also crystal clear that the people in Hudson Yards delight in knowing this and exerting their power over us.
Notice they don't promote Volunteering anymore? I went to send an eCard today. They're all gone!! You get one ugly option for the type of recognition you want to send. How hard is it to have more than one option? It's virtual for cripes sake. How can you sc--w up something that is essentially free to do and creates goodwill?
The other day someone asked me what I did. I told them. They then asked where and I said, "a bank." I've been here a very long time and this is the first time I've answered that way. Any sense of loyalty or pride that I had in working here is long gone.
The only thing my manager has spoken to us about for the last three years is who got displaced and how we may be next - horrible environment
Same experience in CL and CLSS, sadly.
I am one of those employees
I left in February as soon as the year bonus check hit my account. I had the exact same feelings and I was just not going to deal with anymore. I was in Corporate Risk. No regrets and best of luck to you.
I remember PACA (People As a Competitive Advantage): "Our people are our most important resource."
Those were the days. Yeah, there was fraud, but the bank actually cared about us, or at least pretended to.
30 year team member here and I 100% agree with what you said. I am looking to retire early to get out of here. Just not enjoyable any longer