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

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 (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 cut over a hundred jobs in its mortgage division this week following its decision to exit the correspondent channel and shrink its servicing portfolio.

American multinational financial services company Wells Fargo is reported to have eliminated 400 jobs, mainly in the ...

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 ...

According to Wells Fargo, the February jobs report is likely to show a decrease in federal payrolls by 5,000 to 10,000, with larger reductions expected in the March and April data as layoffs coincide ...

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.

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.

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.

As the second half of 2025 begins, Wells Fargo has released its latest U.S. Economic Outlook report, offering a measured ...