Truist and Wells Fargo Report Job Cuts in Financials Sector
Truist and Wells Fargo disclosed a combined roughly 440 job cuts in Financials via news reports and WARN notices on Sept. 17–18, 2026.
Lede
Two large U.S. banks disclosed workforce reductions tied to business exits and WARN filings during the September 17–18, 2026 reporting window in the Financials sector. The notices, made public in news reports and state filings, show roughly 440 positions affected across the two institutions.
Reported layoffs
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Truist Financial Corporation — According to straussborrelli.com and The Business Journals, Truist is cutting more than 200 jobs in Arlington, Virginia, as it exits its near-prime auto lending business. The reports say the reductions affect the bank’s Arlington operations tied to the near-prime auto lender unit; a precise headcount and exact timing were not provided in those accounts.
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Truist Financial Corporation — A separate WARN filing with state regulators lists 205 employees affected; the filing is dated November 30, 2026 and the record was included in the reporting data for this period.
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Wells Fargo & Company — Per The Des Moines Register, Wells Fargo filed a WARN notice that shows 35 job eliminations at its Jordan Creek campus in West Des Moines, Iowa, scheduled for November 1, 2026. The report notes this is the bank’s 14th cut since February and represents part of the company’s announced reductions in 2026.
Details and sources
The roundup aggregates figures from published reporting and government WARN filings: straussborrelli.com and The Business Journals for the Arlington cuts at Truist; a state WARN filing for the 205-employee Truist notice; and The Des Moines Register for the Wells Fargo Jordan Creek WARN filing. Where filings and reports provided dates, those are noted; where public accounts gave ranges or did not specify timing, the article reflects that limitation.
Closing
Combined reporting and WARN notices compiled for September 17–18, 2026 show roughly 440 roles affected within the Financials sector across the disclosed Truist and Wells Fargo actions. The itemized counts above reflect the figures in the reported sources and state filings.