Wells Fargo Layoffs June 2025. As charlie announced it in the q3. Wells fargo is laying off 40 employees from its west des moines campus, according to the state’s worker adjustment and retraining notification (warn) released.
“spoke to someone in the know who said june 25th is going to be a massacre. During a meeting, they would not answer why this is happening.
In the june quarter, wells fargo increased its allowances for credit losses by $949 million to account for potential losses in office loans.
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The news, which surfaced in late 2023, revealed that wells fargo ceo charlie scharf shared plans to cut the company’s workforce, anticipating severance.
Wells fargo closing many sites by end of 2025.
