WELLS FARGO & CO. TO RESUME LAYOFFS AS PART OF THEIR COST CUTTING INITIATIVE

Highlights –

• Wells Fargo & Co. to resume layoffs as part of their cost cutting initiative.
• The bank had initially paused its layoffs in March due to the pandemic.
• The bank also plans to close several of its branches.
• The bank plans on providing severance and career assistance to affected staff.

Wells Fargo & Co. has been using various methods fo....