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Wells Fargo is putting its diverse hiring guidelines on hold after a report that a policy requiring interviews with a diverse group of candidates led to “fake interviews” of minority candidates for positions previously promised by someone else.
CEO Charles Scharf told employees on Monday in a message shared with them Fox Business that while the company continues to “strongly believe in the value of its diverse candidate rosters,” this practice will be suspended for a review of the guidelines “and how they have been made operational.”
Charles Scharf, CEO of Wells Fargo & Co. , in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, US, on Monday, October 18, 2021. (Kyle Grelot/Bloomberg via Getty Images/Getty Images)
He emphasized that the company remains deeply committed to diversity, equality and inclusion, and that reviewing its recruitment protocol does not change that.
“Make no mistake: We will continue to actively pursue diversity in employment, even during this pause,” Scharf wrote. “The pause is an opportunity for us to review our guidelines and processes and make improvements—and it does not mean that anyone at Wells Fargo should stop hiring or actively stop hiring diverse candidates. Upon completion of the review, we will make adjustments to the slate diverse program as appropriate and relaunch it as appropriate. during the month of July.”
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The New York Times reported last month that Joe Bruno, a former executive at Wells Fargo’s wealth management division, claimed the company would interview minority candidates for positions to adhere to an informal policy that promotes diversity, but noted that candidates often interview for positions. that has already been filled in.
Wells Fargo Bank Entrance, Midtown, Manhattan. (Photo: Lindsey Nicholson/UCG/Universal Images Group via Getty Images/Getty Images)
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| WF | WOORI BANK CO LTD | 35.48 | +0.05 | + 0.14% |
Bruno said he was fired last summer after telling his superiors that mock interviews were “inappropriate” and “morally and ethically wrong.” According to The Times, Bruno was one of seven current and former Wells Fargo employees who said they had been instructed to interview “diverse” candidates even if the decision had already been made to hire a different candidate for the job.
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in A statement to Fox News Digital At the time, Wells Fargo said he could not verify Bruno’s claim.
Wells Fargo is located in Philadelphia. (AP Photo/Matt Rourke/AP Newsroom)
“We have looked into all of the specific allegations the reporter shared with us prior to publishing the story and have not been able to confirm these allegations as factual,” a company spokesperson said.
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The spokesperson added that Wells Fargo “We will continue our internal review and if we find evidence of inappropriate behavior or deficiencies in our guidelines or implementation, we will take decisive action.”
Reuters contributed to this report.
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