Wells Fargo's Ongoing Workforce Reduction Strategy: CFO Mike Santomassimo's Insights

Wells Fargo Ongoing Workforce Reduction Strategy: CFO Mike Santomassimo’s Insights

In an effort to enhance efficiency, Wells Fargo Ongoing Workforce is poised to continue its workforce reduction, according to Chief Financial Officer Mike Santomassimo’s recent statement. Since the third quarter of 2020, the bank has been actively reducing its employee base, already shedding nearly 40,000 jobs, with further cuts anticipated, as revealed by Santomassimo. Wells …

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