The layoffs reflect a trend echoed across the global financial sector, where automation, AI adoption, and cost optimisation ...

Recent data, underscored by workforce researcher Amanda Goodall on X, illustrates the scale of the fallout: 13,470 layoffs in ...

Steep rate cuts are coming as the job market looks poised to weaken, Wells Fargo strategist says ·Business Insider Jennifer Sor Actualizado Wed, Feb 21, 2024, 12:23 PM3 min read ...

This has likely driven capital-deployment activity. Wells Fargo’s shares have gained 8.8% over the past six months compared with the industry’s growth of 5%.

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 laid off 2,300 employees from its home-lending unit in Iowa, reports The Wall Street Journal. WSJ adds the bank has dropped 3,000 employees since July, which is more than 1% of its ...

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. The comments by Chief Financial Officer Michael ...

(Reuters) - (This version of the July 28 story corrects paragraph 2 to say some executives are retiring with benefits instead of full benefits, corrects paragraph 5 to say 91 executives instead of 91 ...

The Fed could slash rates more than expected in 2024, the Wells Fargo strategist Erik Nelson said. He said that was because the job market is probably weaker than it looks on the surface. Weakening ...