Wells Fargo plans to cut up to 10% of workforce in the next 3 years

Wells Fargo, the third-biggest U.S. bank, plans to lower its employee headcount by 5 percent to 10 percent in the next three years as part of its ongoing turnaround plan, the company announced Thursday. The bank has 265,000 employees, meaning the reduction would result in a loss of between 13,250 and 26,500 jobs.-- More....