Declining Values - Shareholders first - Information Technology WaFd Bank Employee Review

2.0
Feb 17, 2023
Recommend
CEO approval
Business Outlook

Pros

Broad opportunities, responsibilities in job role. Good people, willing to collaborate.

Cons

Two years of record earnings and leadership, rewards us with a massive cut to the bonus structure and profit sharing, opting for a negligible base increase. Have to negotiate upon hire for RSU's. A conservative 10 days vacation until 5 years! Hiring then a couple of months later, firing IT staff.

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WaFd Bank Response
3y
Thanks for your post, we have been restructuring IT to become more nimble in allowing our teams to solve friction with technology. I would welcome direct feedback to me.

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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