Wells Fargo to Lay Off 26.5K Employees After Outsourcing Jobs, Importing Foreign Workers

Wells Fargo, the world’s third-largest United States bank, has announced that it will lay off about 26,500 employees after years of outsourcing American jobs and importing foreign workers. In an announcement this week, Wells Fargo executives said that by 2021, about 26,500 workers at the multinational bank would be laid off. This accounts for about ten percent of the Wells Fargo global workforce, where 265,000 workers are currently employed. -- More...