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Wells Fargo to restart updated diverse hiring policy

August 2, 2022


Wells Fargo defended its 2020 diverse slate policy Monday by citing its own hiring statistics. External hiring volume in the bank’s U.S. roles increased 17% in 2021, compared with 2020, Wells Fargo said. At the same time, the bank’s external hiring of candidates from “underrepresented racial and ethnic groups” increased 27% — meaning diverse hiring outpaced hiring overall by 10 percentage points. During the same period, external hiring of women for U.S roles at the bank increased 23%, six percentage points ahead of hiring overall, Wells Fargo said.

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