Mid-Year Review
Fellow Wells Fargo Workers, have you received your mid-year review? This is your chance to review the company. So far, we've found that Wells Fargo does not meet the expectations of its workers.
In 1Q2023, Wells Fargo announced net income (profits) of $5 Billion, meanwhile workers have seen:
- Staffing cuts of nearly 11,000 jobs over the next year
- Layoffs of hundreds of people in the home mortgage division
- $4 billion in stock buybacks instead of investing in their workforce (with an additional $30 billion in buybacks recently approved)
- $3.7 billion in redress to customers and Consumer Protection Agency fines
- “Champion diversity, equity, and inclusion” - although 48% of our employees are women, there are only 4 women (out of 16 members) on the operating committee
- Although more than 14,000 employees are part of the Pride Employee Resource Network (ERN), Wells Fargo has donated at least $142,000 since 2019 to anti-LGBTQ and anti-trans lawmakers
Wells Fargo is ignoring the well-being of its workers and putting profits over people. As a union, we can raise our voice to improve Well's Fargo's performance.
Take a moment to share your review of Wells Fargo.