Wells Fargo & Co (NYSE:WFC) is looking to shed about 50 employees as its debit and credit card processing venture undergoes restructuring. The Wells Fargo layoffs are reported to be a result of the company responding to the current business volumes. While Wells Fargo has stated that it is looking to retain as many employees as (more…)
Wells Fargo & Co (NYSE:WFC) is undergoing a time of massive change, with the company shedding hundreds of jobs across the U.S. while it is still attempting to recover from the hit it took earlier this year when it was revealed that Wells Fargo, the fourth-largest bank in the U.S. when it comes to assets, (more…)
Wells Fargo Layoffs Affecting from U.S. Call Centers Wells Fargo & Co (NYSE:WFC) layoffs are leaving hundreds of Americans out of work as the leading American bank moves jobs to the Philippines. In a Senate hearing on the fake accounts scandal last week, Wells Fargo CEO Tim Sloan confessed that the bank has been cutting U.S. (more…)
Like all other industries, technology is also disrupting the U.S. banking industry. Artificial intelligence (AI) and banking automation are already beginning to take over banking jobs. Insiders are predicting that thousands of banking industry layoffs may follow in the years to come as robots take over the banking industry. “There will certainly be job disruption…robots (more…)
Wells Fargo Announces 460 Job Cuts in Bethlehem Wells Fargo & Co (NYSE:WFC) is continuing to shed more jobs this year. This time, another of its call centers has been hit with fresh job cuts.
Los Alamos National Bank announced it is terminating 26 positions, or about 10% of its workforce, in an effort to reduce costs and boost its share price. John Gulas, the bank’s CEO, announced the layoffs in an open letter to the Los Alamos community. Gulas said the decision to lay off 10% of its employees (more…)
Capital One Layoffs 2017 Continue with Job Cuts at Virginia and Illinois Offices Famous American credit card company Capital One Financial Corp. (NYSE:COF) is continuing to cut jobs from its credit card divisions across the country. The McLean, Virginia-based company’s Richmond location is the latest victim of Capital One layoffs in 2017. Earlier this year, mass layoffs also (more…)
Jobs Lost in North Carolina as Online Banking Takes Over Bank branch jobs are beginning to dominate the layoff statistics in Charlotte, North Carolina. Two of the United States’ biggest banks, Bank of America Corp (BofA) and Wells Fargo & Co, has laid off more than 100 workers in Charlotte this year. The most recent BofA (more…)
120 Job Cuts Expected in Fort Mill Wells Fargo & Co (NYSE:WFC) is laying off 120 employees at its reverse-mortgage servicing unit in Fort Mill, South Carolina. The company is closing the call center and outsourcing the operations to another company.
Capital One Cuts 400 Call Center Jobs in Rolling Meadows Retail and manufacturing may not be the only sectors suffering at the hands of technology, particularly automation. The financial sector is likewise undergoing an evolutionary phase as digital technology takes over human jobs. Take the example of the famous credit card company, Capital One Financial (more…)