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Report: Wells Fargo to Cut Thousands of Jobs Later This Year

Report: Wells Fargo to Cut Thousands of Jobs Later This Year

The biggest of the big four U.S. banks in terms of employee count might soon lose its leading position. According to a report from Bloomberg Law, Wells Fargo (NYSE: WFC) is gearing up to cut "thousands" of jobs starting in the next few months. Citing "people with knowledge" of such discussions within the company, the article said that the cuts could total tens of thousands of workers.