US banking company Wells Fargo fires several employees for allegedly faking work

Lina Portman3 weeks ago

0 1 minute read

NEW DELHI: US banking firm Wells Fargo & Co reportedly fired more than a dozen employees working in its wealth and investment management unit last month after it was discovered that they had faked their work activity using a keyboard simulation, according to a Bloomberg report.

“Wells Fargo holds its employees to the highest standards and does not tolerate unethical behavior,” the bank spokesperson said.

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However, it is unclear whether the fired employees were found guilty of keyboard simulation while working from home.

Software that mimics employee activity became popular during the pandemic after businesses were forced to shift to work-from-home mode.

Meanwhile, a few years ago, the bank also fired some employees for allegedly violating its spending policy when they claimed reimbursement for ineligible evening meals.

Several financial companies in the United States, including banks, have started asking their employees to return to their positions. However, Wells Fargo was slower than its competitors to call employees back to the office.

It began asking its employees to return to the office in a “flexible hybrid model” in early 2022. The bank is gradually changing its policy and requiring its staff to be in the office at least three days a week.

Executive committee members are required to be in the office for four days, while many employees, such as branch office employees, are required to be in the office for five days.