banking layoffs 2017

Wells Fargo Layoffs Hit Employees at Card-Processing Venture

Wells Fargo Layoffs

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…)

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Los Alamos National Bank Layoffs Cutting 10% of Workforce

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: Job Cuts Hit Credit Card Divisions Again, in Richmond & Rolling Meadows

Capital One layoffs 2017

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…)

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Bank of America and Wells Fargo Cutting Jobs in Charlotte, NC

Charlotte Layoffs

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…)