Wells Fargo Lays Off 112 Employees in Raleigh Amid Automation Shift
SOURCENews reportView the filing ↗
What we know
Location: Raleigh, North Carolina.
Based on news reporting.
Summary
Wells Fargo & Company has laid off 112 employees at its Raleigh location as part of a shift towards automation. This decision reflects the company's ongoing efforts to streamline operations and adapt to changing market conditions. The layoffs are part of a broader trend among major employers in North Carolina, as they increasingly look to integrate technology into their workflows. The affected employees were notified on October 10, 2023, marking a significant workforce reduction for the bank in the region. This move underscores the challenges faced by traditional banking institutions as they navigate the evolving landscape of financial services.
Wells Fargo & Company cut 112 jobs in NC as of October 10, 2023.
That is roughly 0.1% of the 220,167 people Wells Fargo & Company employs.
LayoffTalk has tracked 59 layoff events at Wells Fargo & Company since April 2023, including 508 jobs documented in official WARN filings, with 48 additional events known from news reporting.
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