Wells Fargo CFO expects more layoffs after cutting tens of thousands of workers

robot
Abstract generation in progress

Wells Fargo CFO Mike Santomassimo announced that the bank anticipates further layoffs and real estate sales. Since CEO Charlie Scharf took over in October 2019, Wells Fargo has already laid off approximately 70,000 employees, consistently reducing staff every quarter for over five years. This continued shedding of staff indicates an ongoing restructuring or cost-cutting effort within the company.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)