Wells Fargo Announces Upcoming Layoffs in June
SOURCENews reportView the filing ↗
What we know
Location: Hillsboro, Salem and Portland, Oregon.
Based on news reporting.
Summary
Wells Fargo & Company has announced plans to lay off approximately 500 employees in June 2023. This decision is part of a broader trend affecting multiple companies, including Apple and Gilead, as they adjust their workforce in response to changing market conditions. While specific details regarding the departments or locations impacted by these layoffs have not been disclosed, the move reflects ongoing challenges within the financial sector. The layoffs are expected to take place on June 1, 2023, as the company seeks to streamline operations and reduce costs.
Wells Fargo & Company cut 500 jobs in OR.
That is roughly 0.2% 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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Estimated figure based on news reporting. Not yet confirmed by Wells Fargo & Company.
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