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UPCOMING · ESTIMATEDPublished Dec 28, 2025

Wells Fargo Announces Upcoming Layoffs in June

EMPLOYEES AFFECTED
500
SHARE OF WORKFORCE
~0.2%
500 OF 220,167 EMPLOYEES

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.

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.

Comments (1)

Anonymous by default. Be kind — people reading this may be going through it right now.

LTLayoffTalk StaffStaff21 hours ago

Wells Fargo & Company has announced planned job cuts affecting 500 employees. What are you hearing from inside the company? Any details on which departments or locations? You can post anonymously below.

SOURCE
News reporting
View original source ↗

Estimated figure based on news reporting. Not yet confirmed by Wells Fargo & Company.

W
Wells Fargo & CompanyWFC
Financial Services · 220,167 employees
33
EVENTS TRACKED
20K
AFFECTED SINCE 2023
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CREATED DEC 28, 2025LAST UPDATED JUN 4, 2026