Location: Portland, Hillsboro, Salem, Oregon, USA.
Based on news reporting.
Wells Fargo & Company has laid off a total of 444 employees across its locations in Portland, Hillsboro, and Salem, Oregon. This decision reflects the company's ongoing efforts to streamline operations and reduce costs in response to changing market conditions. The layoffs are part of a broader trend affecting the banking sector, as financial institutions adjust their workforce to align with current economic realities. The affected employees were notified in early October 2023, marking a significant reduction in the company's local workforce.
Wells Fargo & Company cut 444 jobs as of October 1, 2023.
That is roughly 0.2% of the 220,167 people Wells Fargo & Company employs.
LayoffTalk has tracked 33 layoff events at Wells Fargo & Company since May 2023, affecting a combined 14,038 employees.
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