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Wells Fargo under criminal investigation over hiring practices, report says

Wells Fargo under criminal investigation over hiring practices, report says

Allegations that Wells Fargo misrepresented its efforts to increase its hiring diversity by interviewing more women and people of color for jobs that were no

Allegations that Wells Fargo misrepresented its efforts to increase its hiring diversity by interviewing more women and people of color for jobs that were no longer available has drawn the attention of federal prosecutors.

A criminal investigation is now underway, according to a report from ABC News.

The latest development follows a New York Times report published in May. The story cited several current and former Wells Fargo employees who said the bank routinely interviewed women and people of color for jobs it had already offered to other candidates, ostensibly to fulfill its own diversity-hiring mandate.

In response to the Times' report, Wells Fargo announced it had "paused" the policy that led to job interviews allegedly granted under false pretenses.

“No one should be put through an interview without a real chance of receiving an offer, period," the company said in a statement. "The diverse slate guidelines we put in place are meant to increase diverse representation across the company and we can see meaningful results in our hiring data since 2020."

https://www.nbcnews.com/business/corporations/wells-fargo-criminal-investigation-hiring-practices-report-says-rcna33056


Post ID: b64d82ef-8b58-4244-95fc-3ee367a08cc5
Rating: 1
Updated: 2 weeks ago

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