Location: Des Moines, Iowa, USA.
Based on news reporting.
Wells Fargo & Company has announced an additional round of layoffs affecting approximately 200 employees in the Des Moines metro area. This decision comes as part of the company's ongoing restructuring efforts aimed at reducing costs and streamlining operations. The layoffs are expected to take effect on October 15, 2023. This move follows previous job cuts earlier in the year, indicating a continued trend of workforce reduction within the company. Wells Fargo's leadership has cited the need to adapt to changing market conditions as a key reason for these layoffs. The company has faced scrutiny and challenges in recent years, prompting these significant workforce adjustments.
Wells Fargo & Company cut 200 jobs as of October 15, 2023.
That is roughly 0.1% 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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