Wells Fargo announces more Jordan Creek layoffs amid nationwide paring
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Wells Fargo announced more layoffs at its Jordan Creek campus in West Des Moines, bring a tally that has climbed upward since February to 228. This time, 43 workers will lose their positions on Aug. 22, according to the state's Worker Adjustment and Retraining Notification site. The Tuesday, June 23, announcement was the company's eighth amendment, adding layoffs to a 49-worker reduction originally announced Feb. 3 and effective April 4. The San Francisco-based bank has cut 1,558 jobs in 99 announced layoffs in the Des Moines metro since April 2022, according to WARN data, with many more jobs lost to attrition. Hired in 2019, CEO Charlie Scharf has led a wave of job cuts, paring down the company's workforce amid an industry shakeup brought on by factors including artificial intelligence. Wells Fargo's national employment has fallen by about 65,000 since 2019. The company narrowly missed first-quarter revenue expectations in April, Reuters reported. This year, the bank has eliminated 261 jobs in the Des Moines metro. The company could not immediately be reached for comment Tuesday, June 30, but in the past has said it regularly reviews and adjusts staffing levels to align with market conditions and strives to find opportunities for affected employees in other parts of the company whenever possible. The latest Des Moines metro layoff notices did not indicate in...
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