Wells Fargo & Co. has started its long-awaited job cuts, breaking with some of its top U.S. competitors that have resisted workforce reductions amid the coronavirus pandemic.

Wells Fargo has started its long-awaited job cuts, breaking with some of its top U.S. competitors that have resisted workforce reductions amid the coronavirus pandemic. The San Francisco–based ...

Wells Fargo cut its total employment last year. It reported 264,500 full-time employees as of the end of the year, a drop of 400 from the end of 2013.

Wells Fargo declined to comment on the report. In this April 3, 2020, file photo, customers, some wearing face masks, line up outside a Wells Fargo branch in the Atwater Village neighborhood of ...

Wells Fargo chief Charlie Scharf has resumed layoffs after his plans were stymied by the onset of coronavirus, and will move forward with deeper job cuts as he gets back to cutting costs at the ...

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

The general tenor of Wells Fargo's fourth-quarter earnings call could raise some flags. Look for more divestitures and cost cutting — with job reductions likely – in the coming year for Wells ...

Wells Fargo & Co. resumed job cuts in early August after it paused layoffs in March because of the COVID-19 pandemic, a spokeswoman said on Friday.

Wells Fargo & Co., the largest employer among U.S. banks, is preparing to cut thousands of jobs starting later this year, potentially setting a bleak precedent for an industry that’s been ...

Wells Fargo & Co. is suspending new job cuts, joining lenders on both sides of the Atlantic that are giving workers a reprieve as they grapple with the impact of the coronavirus.

Wells Fargo & Co resumed job cuts in early August after it paused layoffs in March because of the COVID-19 pandemic, a spokeswoman said on Friday.

Wells Fargo & Co. has started its long-awaited job cuts, breaking with some of its top U.S. competitors that have resisted workforce reductions amid the coronavirus pandemic. The San Francisco ...