Wells Fargo lays off 700 employees in first slew of layoffs that could see ‘tens of thousands’ out of work

Share to friends256SharesWells Fargo, America’s largest bank employer, has laid off more than 700 commercial-banking employees as part of workforce reductions that could ultimately impact “tens of thousands” of staff, Bloomberg reported on Wednesday. The Bank had previously said in July it would launch a broad cost-cutting initiative as the bank braces for huge loan losses … Continue reading Wells Fargo lays off 700 employees in first slew of layoffs that could see ‘tens of thousands’ out of work