Wells Fargo plans to cut as many as 26,500 jobs over three years as the troubled bank adapts to the rise of online banking.

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 said Tuesday that it slashed thousands of jobs last year by shedding management positions, centralizing functions and other steps — and that more cuts are in store for 2019.

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 lender, under ...

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.

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.

The workforce reductions at Wells Fargo & Co. slowed during the fourth quarter with the elimination of 1,494 job positions and 44 branches.

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 ...

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.

As Wells Fargo & Co. implements a strategic shift away from much of its Des Moines-based home mortgage business, the banking giant cut jobs at its downtown offices this week, its first round of ...