July 9, 2020 / 2:26 PM / a month ago

Wells Fargo preparing to cut thousands of jobs - Bloomberg Law

July 9 (Reuters) - Wells Fargo & Co is preparing to cut thousands of jobs starting later this year, Bloomberg Law reported here on Thursday, citing people familiar with the matter.

A spokesman for Wells Fargo declined to comment.

The company’s plans will eventually result in eliminating tens of thousands of positions, the report said. (Reporting by Bharath Manjesh in Bengaluru; Editing by Shinjini Ganguli)

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