Wells Fargo reviews

There are many cons working in this firm. 1) Hardly any learning you will get here as the works here are no brainer task and they don't have much technical people in the company. 2) Lately this bank has been involved in many scandals for which they are still paying penalty in USA and as result the brand value has gone from bad to worse. 3) EGS India has become a place of dirt accumlation as employees think it as a retirement company and hence no enthusiasm to do something creative is left. Quality of resources are going down day by day 4) EGS Managers are even more pathetic . They are coming from services company like Wipro and Tech Mahindra and are making the place more filthy with their dirty politics. 5) There appraisal process is to laugh about . They say no bell curve but give every Manager a task to keep at least 10% of the population in need improvement/NI with PIP bracket. The worst part is they give NI based on circumstances and by keeping in mind their personal problems. For ex one of my colleague got a NI just because he had taken more leaves for his marriage seriously .... 6) They give mangers a title of Technology Manager and the best part is the Manager is far far away from Technology. 7) You will be respected only if you are valuable resource for the project. Once they know that you are no more necessary for the project they will play games and will surely keep you in NI bracket. 8) If you want good hikes in this company then either you have to be from the same state as of Manager( preferably Telangana or Tamil Nadu) or you should know how bootlicking is done else forget good hikes in your tenure. 9) The firm is going down with a rapid pace. They fired approx 175 QA managers as suddenly those people had become burden. Also they demoted all the TM2 to ASE5 role 10) Promotions here depends how close you are with Manager or in other words how good you can bootlick your manager. Also rather then promoting existing member in the team they will hire a contractor and make him permanent after 18 months at a level higher than you.

I worked in the operations dept of WFBI , which is characterised by low morale and high turnover of staff, despite the low volume of trades executed each day. Management seem to be engaged in performance managing full time, well paid staff, out of the company and replacing them with contract staff. Consequently the atmosphere is poisonous and fearful. Due to the "strong" management in the back office/middle areas, these teams should be avoided if you are applying for a job in WFBI. An ex-employee who left on grounds of stress is taking a case against the company in the Labour Court. All round, not a company you want to work for, particularly in the operations dept.