In its ongoing multi-year campaign to reduce its employment, Wells Fargo has announced yet another wave of layoffs. Hence, bringing the total number of employees expected to lose their jobs in 2026 to over 100. According to the Des Moines Register, the lender has informed 49 employees of their impending layoffs. The notices take effect on April 4, according to documents filed on Iowa’s WARN website.There have been 147 declared layoffs at Wells Fargo this year, following four waves in January, February, and March. The most recent round brings the total to 147. Part of a larger trend of staff restructuring at the San Francisco-based bank, the layoffs are happening now. According to the Des Moines Register, the most recent listing brings the grand total of seven rounds of publicised layoffs since September to 224.Why Wells Fargo Laying Off Employees?A media request for comment regarding the most recent batch was not promptly addressed by Wells Fargo. A bank representative has previously stated, however, that the institution routinely assesses and changes personnel numbers in response to market circumstances. When feasible, it seeks out internal opportunities to keep impacted individuals on staff.The organisation offers severance packages and career counselling in cases when… Read MoreStartupTalky- Business News, Insights and Stories
