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

Where will Wells Fargo job cuts come from? There is no one specific business line that will be the focus of the layoffs, according to Santomassimo.

Wells Fargo has already gone through multiple smaller layoffs in recent months, but its CFO is expecting more workforce reductions as the banking industry grapples with corporate real estate ...

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

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 ...

The workforce reduction started on Tuesday with correspondent lending employees at the Wells Fargo Mortgage office in Springfield, Illinois.

Where will Wells Fargo job cuts come from? There is no one specific business line that will be the focus of the layoffs, according to Santomassimo. “It really just is business by business, group ...