Wells Fargo Workers United (in association with the Committee for Better Banks)

Wells Fargo CEO and Board of Directors

Wells Fargo Workers United

Wells Fargo workers, we don’t need to tell you that things have gotten bad.

  • Overworked.
  • Overwhelmed.
  • Underappreciated.

We are faced with near impossible performance metrics. We are underpaid. Much of the time, due to poor staffing, we are running the branch floor with just one or two other workers.

We can do something about it. The Committee for Better Banks is committed to improving the life of bank workers at Wells Fargo. In signing the petition below, we are taking the first step necessary to increase wages, improve working conditions, and build a better life at work.


We Demand the Following

  1. A fair raise for ALL employees commensurate with the 30% increase to the starting minimum wage.
  2. Adequate staffing levels to reduce stress levels, enable humane workloads and set attainable performance metrics.
  3. Safe and flexible work arrangements along with time-off benefits that recognize all of our needs, duties and responsibilities.  
  4. Respect our right to organize an independent voice at work free from fear of retaliation or harassment.

To: Wells Fargo CEO and Board of Directors
From: [Your Name]

We are stressed out and demand improvements to our working conditions in order for us to prevail at making Wells Fargo a great bank.

As bank workers across the United States, we keep branches open, solve customers’ problems, process and underwrite loans, help families who have fallen behind on their mortgage payments, protect the bank from financial crimes and money laundering, ensure communications comply with federal regulations, help consumers obtain the financial products they need to thrive and much, much more.

Many of us have endured inhumane sales goals, performance metrics and workloads for years, including a toxic culture that caused severe damage to our mental and physical health. Some of us are newer to the bank. But we all remain dedicated to repairing Wells Fargo’s tattered reputation by turning words into action. Providing the best customer care must not be just a marketing slogan. We need the tools, support and protections that enable us to succeed.

Unfortunately, too often we feel disrespected and an afterthought. We are required to solve complex customer problems and move on to the next in a few short minutes or risk disciplinary action and losing out on our incentive pay. We have to help the same volume of customers at our branch - yes many people still visit bank branches - with fewer staff. The list goes on and on.

Meanwhile, Wells Fargo authorized $18 billion in stock repurchases this year and $23 billion last year. And CEO Charlie Scharf’s total compensation of $20,392,046 is 274 times the median pay of $74,416 for the bank’s 254,000 employees. Giving all 127,000 employees who make less than the median wage a $5 an hour raise would only cost $1.32 billion, a fraction of what is typically returned to investors annually.

We applaud the recent announcement to raise the starting minimum pay to between $18 to $22, but ALL of Wells Fargo’s employees deserve better.

We demand the following:

1. A fair raise for ALL employees commensurate with the 30% increase to the starting minimum wage.

2. Adequate staffing levels to reduce stress levels, enable humane workloads and set attainable performance metrics.

3. Safe and flexible work arrangements along with time-off benefits that recognize all of our needs, duties and responsibilities.

4. Respect our right to organize an independent voice at work free from fear of retaliation or harassment.