No longer trustworthy - Loan Processor WaFd Bank Employee Review

1.0
Jul 16, 2025
Recommend
CEO approval
Business outlook

Pros

Used to be a great place to work

Cons

Management has lost the focus on employees/clients. They were known for never having any layoffs in over 100 years, once they began layoffs they came across as poorly managed

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WaFd Bank Response
9mo
sometimes the world changes and we have to make tough choices. I wish you only the best

Explore other reviews about WaFd Bank

5.0
Mar 18, 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
May 28, 2026
Recommend
CEO approval
Business outlook

Pros

Primarily remote work. Decent PTO after the 4th year.

Cons

Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.

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