Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Wells Fargo to cut 10 percent of workforce over next 3 years


September 21, 2018

NEW YORK — Wells Fargo plans to cut up to 10 percent of its workforce over the next three years, the bank announced on Thursday, which will result in thousands of job losses for employees of the nation's third-largest bank.

Wells Fargo & Co. Chief Executive Tim Sloan made the announcement to employees on Thursday. The bank currently employs roughly 265,000 workers, and plans to cut its headcount through both attrition and layoffs.


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