Wells Fargo has let go of less than 50 bankers from its corporate and investment banking unit as part of year-end pruning, a source familiar with the matter said on Tuesday.

The layoffs reflect a trend echoed across the global financial sector, where automation, AI adoption, and cost optimisation are reshaping back-end operations.

Wells Fargo had three centres in India with Bengaluru, Hyderabad, and Chennai till last year, employing about 37,000 people ...

Wells Fargo beat second-quarter profit estimates on Tuesday but lowered its 2025... Citigroup's profit jumped 25 per cent in the second quarter, lifted by higher fees ...

Wells Fargo (WFC) CFO Mike Santomassimo said the bank could implement more layoffs to improve efficiency, Reuters reported. The lender has been trimming its workforce since Q3 2020 and ...

Wells Fargo continues slicing jobs in the Des Moines metro area, with the San Francisco banking giant announcing a dozen more cuts Wednesday, bringing the total number of jobs shed so far this ...

Headcount at Wells Fargo, on the other hand, fell 4% from a year ago to about 236,000 people, continuing a long-running trend for the lender.

The workforce reductions at Wells Fargo & Co. slowed during the fourth quarter with the elimination of 1,494 job positions and 44 branches.

Charlie Scharf is CEO of Wells Fargo & Co. Driven by his efforts to boost efficiency and cut costs, Wells Fargo’s latest rounds of layoffs are occurring across the country.

Wells Fargo's fourth-quarter profit jumped as the lender benefited from cost cuts, but it warned that 2024 net interest income could be 7% to 9% lower than a year earlier.

Wells Fargo is based in San Francisco but has its largest employment hub in Charlotte, with about 27,000 workers here and more than 247,000 worldwide.

As Wells Fargo & Co. implements a strategic shift away from much of its Des Moines-based home mortgage business, the banking giant cut jobs at its downtown offices this week, its first round of ...