CompanyDetails
Companies/Wells Fargo
Wells Fargo

Wells Fargo

Finance San Francisco, CA, USA 238,000 employees
www.wellsfargo.com

```json { "description": "Wells Fargo is enhancing its digital banking services to provide better

73
Risk Score
16,481
Total Laid Off
16
Layoff Rounds
54%
Layoff Prediction
Neutral
News Sentiment
—
Debt/Equity
—
Exec Turnover (12m)
None
Regulatory Scrutiny
Competitive
Innovation
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Wells Fargo is enhancing its digital banking services to provide better

Company Size
5000+
~238,000 employees
Geographic Reach
Global
Years Operating
171
Stock Performance
stable

Innovation Insights

Innovation Score
9/100
R&D Activity
High
Competitive Position
Leading
  • • Deployment of agentic AI tools with Google Cloud
  • • Collaboration with National Center for the Middle Market

Regulatory & Legal Warnings

Regulatory
High
June 3, 2025
Asset cap imposed by Federal Reserve in 2018 due to fake accounts scandal.
Impact: Lifting of the asset cap allows for growth but past regulatory issues may affect future scrutiny.
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financial
Finance
Financials

Layoff Timeline (employees affected)

Nov 07Mar 09Mar 22Jan 24Feb 24May 24Jun 24Mar 26Apr 26May 26Jun 26Oct 2602000400060008000

% of Workforce Trend

Nov 07Mar 09Mar 22Jan 24Feb 24May 24Jun 24Mar 26Apr 26May 26Jun 26Oct 260%0.25%0.5%0.75%1%

Most Affected Departments

01234BankingRetailBankingCustomer ServiceOperationsCustomer SupportFinanceMortgageMortgages
October 28, 2026
Not specified
87
employees
Source
October 27, 2026
Staffing adjustments to meet business needs
21
employees
Source
October 13, 2026
Not specified
2
employees
Source
August 22, 2026
Amendment - Additional Employees
43
employees
Source
June 20, 2026
Ongoing efficiency drive in retail banking operations.
200
employees
Source
May 30, 2026
Operational restructuring
Retail BankingCustomer Service
77
employees
Source
April 18, 2026
Restructuring leading to office closure.
OperationsCustomer SupportFinance
50
employees
Source
April 17, 2026
Banking sector consolidation
600
employees
1% of workforce
Source
March 31, 2026
Office closure
Banking
45
employees
Source
June 30, 2024
Branch closures resulted in layoffs.
1,064
employees
Source
May 15, 2024
Staff reduction
1,064
employees
Source
February 5, 2024
Restructuring and cost-cutting measures
1,064
employees
Source
January 1, 2024
Restructuring to improve operational efficiency
1,064
employees
Source
March 10, 2022
Cost-cutting measures
7,000
employees
Source
March 6, 2009
Integration of Wachovia acquisition and mortgage unit contraction
MortgageBanking
3,800
employees
1% of workforce
Source
November 19, 2007
Downsizing mortgage production staff
Mortgages
300
employees
0.2% of workforce
Source