Toxic, low maturity environment with ancient technology stack - Principal Engineer Wells Fargo Employee Review

2.0
19 Mar 2024
Recommend
CEO approval
Business outlook

Pros

- Good people - Significant technology challenges - Competitive compensation

Cons

- STRICT in-office expectations with conflicting messaging. - Low merit increases. Internal mobility will limit ambitious engineers - Bad work-life balance. “It’s technology, what did you expect” unspoken expectations of 50+ hr weeks - Constant bi-weekly layoffs. Incredibly low morale which leads to a me-first culture. - Manager-based quotas for performance reviews. Have a high performing group? Nope x% are needs improvement… tough. - No management accountability. All of us in technology know the revolving door at the top… failure leads to new opportunities for the well connected! - Internal jobs are posted for hiring managers favorite people. They’re mostly posted for the illusion. - Fewer doers more directors and juniors. The middle and senior engineers are selectively being displaced for juniors and international employees leading to burn out. - High control, low trust environment leads to very immature teams with constant fire drills

Explore other reviews about Wells Fargo

5.0
24 May 2026
Recommend
CEO approval
Business outlook

Pros

GOOD WORKING ENVIRONMENT. NICE BENEFITS.

Cons

WORK LIFE BALANCE. LESS OPPORTUNITY FOR WORK FROM HOME.

4.0
1 Dec 2014
Recommend
CEO approval
Business outlook

Pros

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

Cons

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!

484
See reviews by: Helpful|Rating|Date|All