Wells Fargo plans to cut as many as 26,500 jobs over three years as the troubled bank grapples with the rise of online banking and soaring legal bills. CEO Tim Sloan said on Thursday that Wells ...

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 TO CUT DIVIDEND WHILE OTHER BIG BANKS HOLD PAYOUTS STEADY. The plans being drawn up by Wells Fargo executives could eventually lead to tens of thousands of jobs being cut, according to ...

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.. A Worker Adjustment and ...

Still, the fourth-quarter cutbacks are likely just the tip of the iceberg given that Wells Fargo chief executive Charlie Scharf warned Dec. 6 that more job cuts are forthcoming in 2024.

A top Wells Fargo official said to expect more layoffs at the bank and a decrease in office space as the bank looks to continue to reduce expenses. Wells Fargo is based in San Francisco but has ...

Wells Fargo & Co has cut hundreds of jobs in its mortgage business across the country, Bloomberg News reported on Thursday citing people familiar with the bank's plans. Skip to main content.

Wells Fargo had cut hundreds of jobs in its mortgage unit late last year as higher interest rates squelched demand for new mortgages and refinancing. At the end of Q2, ...

Wells Fargo & Co. cut hundreds of jobs in its mortgage unit this week, adding to thousands of cuts last year, as the firm retreats from a business it once dominated. The latest reductions affected ...

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