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.

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 serves 69 million customers in 28 countries and operates in more than 5,500 locations. The San Francisco- based company employs about 27,000 jobs in Charlotte, its largest employment hub.

Wells Fargo & Co. slows pace of job, branch cuts during second quarter, discloses no noteworthy update on Federal Reserve asset cap.

Wells Fargo chief financial officer Mike Santomassimo is expecting more workforce cuts after the company laid off nearly 40,000 employees in a span of two years.

At an investor conference, Wells Fargo & Company’s WFC chief financial officer, Mike Santomassimo, noted that the company is eyeing opportunities to cut down expenses by reducing its real estate ...

Wells Fargo has reduced its employee totals by about 40,000 people over the past couple years, Santomassimo said. Wells Fargo office space Shrinking its real estate portfolio also will help the ...

Wells Fargo CFO sees more job cuts ahead as bank improves efficiency - report. Sep. 13, 2023 5:53 AM ET Wells Fargo & Company (WFC) Stock GS, BCS By: Meghavi Singh, SA News Editor 3 Comments.

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