Wells Fargo Layoffs 2025 Effects. Wells fargo has announced plans to close its offices in hillsboro, portland, and salem, oregon, as part of a larger strategy to consolidate its operations and reduce its workforce. Wells fargo is shedding hundreds of jobs in recent.

Wells fargo ceo charlie scharf said the bank has avoided a mass layoff by cutting staff when it finds opportunities to boost efficiency. The news, which surfaced in late 2023, revealed that wells fargo ceo charlie scharf shared plans to cut the company’s workforce, anticipating severance costs ranging between $750.