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 had three centres in India with Bengaluru, Hyderabad, and Chennai till last year, employing about 37,000 people ...

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 ...

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 ...

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.

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 has let go of less than 50 bankers from its corporate and investment banking unit as part of year-end pruning, a source familiar with the matter said on Tuesday.

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

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 continues slicing jobs in the Des Moines metro area, with the San Francisco banking giant announcing a dozen more cuts Wednesday, bringing the total number of jobs shed so far this ...