WFC - SHORT TERM DECLINEWells Fargo is planning to lay off over 500 employees in Richland County, South Carolina, by June 30, 2024. The layoffs have already started, with the highest number of job cuts in the state listed at their location on 101 Greystone Blvd. These layoffs are part of a consolidation process affecting behind-the-scenes employees, with bank tellers and customer service representatives unaffected. This move reflects a broader trend in the banking industry, where institutions are downsizing to adapt to changing market dynamics and technology advancements.
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