Thread regarding Wells Fargo & Co. layoffs

210k? ha, we actually have under 150k. We've lost over 110,000 roles American workers filled since our peak in 2011. Shart will keep pushing until, IMO, we're under 100k employees, so we have roughly 3-4 more years of this.

Wells Fargo is using fake performance report which are full of lies to terminate employees without giving severance. There should be class action lawsuit. Facebook employees were treated similarly and than fought back to get their severance.

All of us at Barnhart (Hillsboro, Or.) were let go today. Salem office too

WF is being sanction by the SEC. The 13 crimes of WF Against Humanity was used in the Spin off lawsuit in Manhattan Federal court!Comcast & NBCUNI distanced themselves because of WF's illegal actions. Look for a fine of $ 500 billion! The list of crimes is circulating. No one should trust WF! Jamie Dimon knows! In six months a crash will occur! His prediction!

@OP Why do these articles about company layoffs never talk about India, the Phillipines, etc? Sure, you can stop people from coming here - but what difference does it make if we're moving jobs over there?

@b6 there’s a brand new news article today that says Wells Fargo spent $700 million to build and opened a new Dallas hub! So all the hub nonsense is just that it’s all political games and smoke and mirrors

@bq I was in the Charlotte Hub, cane in the Office 5 days a week for the full 8 hours and longer for the past 4 years….Guess What??? I was laid off on July 22, 2025 along with 100 more in the Charlotte Hub!! Being in a Hub is meaningless…..you still get laid off when selfish Charlies starts swinging his axe!! NO ONE is safe anywhere!

@a3 Fired the ceo, all he care about is his paycheck.

job cuts havent been as dire as described on here

Those of us who are not in hub cities have had our displacement swung over our heads since Oct. 2023. Forget those stellar and devoted tenured employees with more than 30 years of service. None of that even factors in. Your life's work means NOTHING and comes down to a five-digit zip code. And don't get me started about the RTO mandate. Anything to be like JPM.

WF had close to 280,000 employees when Chainsaw Charlie took over 5 years ago. Now we are at 216,600. When will all the displacement stop? Most stressful business I have ever worked for. Do more with less. Watch your every step.

The plan long term was to eliminate all of the hub cities with the exception of Minneapolis, Charlotte, and New York City. Until they get to that spot they’re gonna keep going.

The article doesn’t include the hiring in India since 2020 which would better show how many American jobs have been lost,

It’s also interesting that we are now at the previous head count target. But Charlie is a one trick pony. He doesn’t know how to grow the business. So, just keep laying off more.

this article has been posted previously, or at least similar ones. just read through our q3 earnings materials to know we have a lot more layoffs on the table.

210,000, lol. Try 150,000. Contractors and outsource don't count.

Thanks for posting an actual article and not just AI slop like the guy below, OP

Wells Fargo is poorly run, has no value as a firm or products and services worth buying. The real efficiency would be to let Charlie go and sell the brokerage to JP Morgan. You can't have efficiency at a worthless company, can you?

@OP In 2025, Wells Fargo has announced a series of layoffs affecting various regions and departments, prompting concerns among employees about job security and the future of their roles within the company. This article provides a comprehensive overview of the Wells Fargo Layoff in 2025, detailing the affected locations, reasons behind the layoffs, severance packages, and guidance for impacted employees.

Scope of the 2025 Layoffs
The Wells Fargo Layoffs in 2025 encompasses multiple regions across the United States. Notable instances include:
Oregon: In December 2024, Wells Fargo filed Worker Adjustment and Retraining Notification (WARN) notices indicating plans to lay off approximately 500 employees at its Hillsboro call center and 221 employees at its Salem office. These layoffs are scheduled to take effect by the end of 2025, coinciding with the closure of these facilities.
Iowa: The Jordan Creek campus in West Des Moines is set to reduce its workforce by 21 positions, effective February 10, 2025. This reduction is part of a broader strategy to align staffing levels with current market conditions and business needs.
North Carolina: A branch in Hickory is slated for closure on January 22, 2025, following the shutdown of five other branches in the Charlotte area earlier in 2024. These closures reflect the bank’s response to the increasing shift toward online banking, which has diminished the necessity for physical branch locations.
Reasons Behind the Layoffs
Several factors contribute to the Wells Fargo Layoff in 2025:

Digital Transformation: The growing preference for online banking has led to decreased foot traffic in physical branches, prompting Wells Fargo to reassess and consolidate its branch network.
Operational Efficiency: The bank is streamlining operations by centralizing non-customer-facing roles in strategic locations, resulting in the closure of certain offices and relocation of functions.
Economic Conditions: Broader economic challenges and shifts in the financial industry necessitate adjustments in staffing to maintain competitiveness and profitability.

@OP Wells Fargo may lay off more people than the company originally expected.

According to the Charlotte Business Journal, the layoffs are not business-driven.

ALSO READ: Middle managers could face job cuts as AI takes over sophisticated tasks

The San Francisco-based bank, with a large Charlotte presence, has already cut 24% of its headcount from a peak of about 276,000 workers in the second quarter of 2020 to about 211,000 as of Sept. 30, our partners at the Charlotte Business Journal reported.