Wells Fargo Cuts Another 20 Jobs | Des Moines News

Wells Fargo just announced another wave of layoffs—20 more employees at its Jordan Creek campus, with departures hitting September 5th—adding to hundreds already cut this year and marking the ninth round since February. Since April 2022, the bank has laid off over 1,600 people in Des Moines alone, with CEO Charlie Scharf leading a relentless cost-cutting push amid industry-wide shifts driven by AI and rising interest rates. While the bank hasn’t disclosed which departments are affected or if any roles are being repurposed, it continues to consolidate operations, having sold off downtown offices and scaled back its once-dominant mortgage business under mounting pressure. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/78c91a120e5a7649