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Around a dozen staffers were reportedly faking keyboard strokes to maintain an illusion of work, and have been let go by Wells Fargo as a result. Wells Fargo has fired a bunch of employees after ...
See here: Wells Fargo this week disclosed that it had fired more than a dozen employees for “simulation of keyboard activity,” Bloomberg reported, citing filings to the Financial Industry ...
Wells Fargo officials are open about their disfavor of the unionization effort but deny that the layoffs of 11 employees in the bank's conduct management intake department were a response to the ...
Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.
Wells Fargo is also continuing to pull itself from a 2016 scandal in which employees had opened millions of fraudulent accounts, often to meet sales goals. As a result, federal regulators mandated ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
Wells Fargo is laying off 24 employees from its West Des Moines campus, according to the state’s Worker Adjustment and Retraining Notification or WARN, website.. The latest round of layoffs goes ...
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