Wells Fargo: are the cuts still going?
Reuters reported in January that Wells Fargo booked a $612 million severance charge in Q4 2025 and ended the year with 205,198 employees. In February,…
Companies
Wells Fargo
BankingSan Francisco, CaliforniaWFC197,466 employees
WorkHush has 3 source-backed updates on Wells Fargo workforce changes since December 2025. The latest, added February 5, 2026: 49 more layoffs at the West Des Moines campus (WARN filing). Read it with sources ›
What the sources say
All 3 source-backed updates ›More about Wells Fargo
Bank offering consumer, commercial and investment banking services.
Revenue
$83.7B
Fiscal 2025, up 1.7%
Employees
197,466
As of June 2026
Stock
WFC
NYSE
Headquarters
San Francisco, California
CEO
Charlie Scharf
Since October 2019
BrandsConsumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, Wealth and Investment Management
Current strategyGrowing again after the Federal Reserve lifted its asset cap in June 2025, while continuing steady headcount reductions and a gradual AI rollout
Recent workforce changes$612M severance charge in Q4 2025; headcount down from about 275,000 in 2019
CompetitorsJPMorgan Chase, Bank of America, Citigroup
Checked October 10, 2026 · Sources: wellsfargo.com, wellsfargo.com (2)
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