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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.
The most recent round of cuts brings to 326 the publicly announced number of workers cut since April 2023 from Wells Fargo’s Des Moines metro employment rolls, and 1,442 positions cut since 2018 ...
On the same day that Wells Fargo shareholders voted to increase CEO Charlie Scharf’s 2023 compensation package by $4.5 million, the company announced another round of layoffs at its Jordan Creek ...
Wells Fargo’s continued layoffs come as no surprise. The San Francisco-based bank's CEO, Charlie Scharf, announced in late 2023 that the company was anticipating severance costs of nearly $1 ...
It changed its name back to Wells Fargo Bank in 1962. In 1968, Wells Fargo was converted to a federal banking charter and became Wells Fargo Bank, N.A. In that same year, Wells Fargo merged with Henry Trione's Sonoma Mortgage in a $10.8 million stock transfer, making Trione the largest shareholder in Wells Fargo until Warren Buffett and Walter ...
Wells Fargo announced another round of layoffs Wednesday, bringing the announced total close to 1,000 since 2022.
More layoffs are coming at Wells Fargo shortly before the holiday season. The bank has filed an amendment with the state ... reduction in the Des Moines metro to 285 so far in 2024 and 949 since ...
Wells Fargo officials are open about their disfavor of the unionization effort but deny that the layoffs of 11 employees in the bank's conduct management intake department were a response to the ...