Wells Fargo is temporarily suspending a hiring policy that led some managers to conduct sham interviews of nonwhite and female candidates, following a report by The New York Times highlighting the practice, the bank’s chief executive, Charles W. Scharf, told employees in a letter Monday.
Instituted in 2020, the bank’s “diverse slate” policy stipulated that at least half the candidates interviewed for open positions paying $100,000 or more in annual salary needed to be “diverse” — a catchall term for racial minorities, women and members of other disadvantaged groups.
©2019 New York Times News Service