Wells Fargo to cut up to 26,500 jobs over 3 years [CNN]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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US:NYSE Investor Relations:
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Source: CNN
Buffett acknowledges Wells Fargo's 'cardinal sin' Wells Fargo plans to cut as many as 26,500 jobs over three years as the troubled bank grapples with the rise of online banking and soaring legal bills. CEO Tim Sloan said on Thursday that Wells Fargo ( WFC ) plans to cut 5% to 10% of its 265,000-person workforce. He cited changing customer preferences, including the wide adoption of digital banking. Wells Fargo said that the reduction in its workforce would reflect layoffs as well as attrition. Wells Fargo takes very seriously any change that involves its team members, and as always, we will be thoughtful and transparent, and treat team members with respect, Sloan said in a statement. The bank has been under pressure to cut costs following a wave of scandals over the past two years. The legal trouble has cut into Wells Fargo's once-vaunted profitability. Regulators have handed down hefty fines , and
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WFC
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 5/6/24 - Form 424B2
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- WFC's page on the SEC website