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> So why has only WF seen this? Why do you think only WF as seen this? They simply are the tall poppy that went a bit too far. The high metrics that purposef
by phil21 10y ago
> So why has only WF seen this?
Why do you think only WF as seen this? They simply are the tall poppy that went a bit too far.
The high metrics that purposefully cause employee turnover due to not being long-term sustainable are more or less industry standard. These policies always lead to at least some low-level fraud trying to game the numbers by the retail level folks, but usually it's a dull roar and more an annoyance that easily gets eclipsed by the additional sales benefit.
And not even the banking industry. The retail service industry. It's simply how the game is played these days, Wells Fargo wasn't much interesting in this respect, they were just ham fisted and clumsier than most.
If you ask any retail bank employee working at Wells Fargo vs. any of the other retail majors wasn't a much different experience. Working as a retail banker is also much more like working as a manager of Instant Oil Change selling upsells than an investment banker deciding where to invest. I think you'll find most folks prefer the Wells Fargo job over other majors; at least my friends who were bank tellers/retail bank managers did.
- zzzeek 10y agoI have a relative who was fired from Wells Fargo and who i know for a fact was involved in this issue, and I can assure you, when Wells bought out the smaller bank that this person was already working for as a branch manager, it was a completely different experience. People who had decades of experience as successful branch employees had their lives turned upside down once they became employees of Wells. it was an entirely unique situation.