Investors will be watching for updates on the labor market and President Trump's trade war as markets turn the page on a ...

Wells Fargo has revised previously announced layoff numbers to more workers at its Jordan Creek campus in West Des Moines.

By Lydia DePillis and Colby Smith For about a year now, the labor market has existed in a state of eerie calm: Not many people were losing their jobs or ... economist at Wells Fargo, said federal ...

It’s not clear if all those jobs will be cut when the offices close and the bank would not say whether it will retain a presence in Wells Fargo Center, Portland’s tallest building. Grossberg ...

The recent slowdown in quarterly cutbacks may be just a lull given that Wells Fargo chief executive Charlie Scharf warned in early 2024 that more job cuts are forthcoming this year. The bank took ...

Banking giant Wells Fargo is cutting 70 jobs at a business unit housed at the ... a Wells Fargo executive said in the letter. The cuts are expected to start next month. The move follows Wells ...

Wells Fargo, the state’s largest bank, plans to cut about 70 jobs at its Chief Operating Office Global Operations business unit in Greenwood Village, according to a notification sent to the ...

The Fed could slash rates more than expected in 2024, the Wells Fargo strategist ... Steep rate cuts from the Federal Reserve could be coming later this year thanks to weakening in the job market ...

Still, the fourth-quarter cutbacks are likely just the tip of the iceberg given that Wells Fargo chief executive Charlie Scharf warned Dec. 6 that more job cuts are forthcoming in 2024.

In September, Wells Fargo said additional layoffs and a decrease in office space were expected for the company. In recent years, tens of thousands of jobs were cut. More may come in 2024.

Just like Wells Fargo, other banks are considering layoffs as employee retention rates remain higher than expected. Morgan Stanley (NYSE:MS) is among those planning similar jobs cuts, reports CNBC.