Scandal Plagued Wells Fargo Now Cutting Jobs

Scandal Plagued Wells Fargo Now Cutting Jobs

New York

Late last week, CNN Money reported Wells Fargo Bank plans to cut approximately 26,000 jobs over the next three years. The cuts are allegedly in response to the impact of the rise in online banking and the company’s soaring legal bills. 

According to the report, the bank will cut between five and ten percent of its 265,000-person workforce. It plans to accomplish this through a combination of attrition and layoffs. 

The last quarter, Wells Fargo reported declines across the board which impacted loans, deposits and revenue while the banks expenses continued to rise.

Violation Tracker, the national search engine that monitors financial assessments for corporate misconduct reports that since 2000 assessments levied against the banking institution have totaled in the billions. 

Dr Main Sidebar

ACROBATIC MATHEMATICAL THINKING (6)

A powerful Creative and Critical Thinking exercise is to first learn shapes of the Pyramid, Square, Trapezius, Trapezoid, Rectangle, Triangle, Circle, Octagon, Ellipse, Lunette; study which are Cosmic and/or and human-made; and determine what are indications for using...

MATHEMATICS OF AFRICAN TRADITION FOR BLACK YOUTH (5)

Patterns, Shapes, and Forms are fundamental tools to help one see and give meaning to Real, Surreal, and Unreal Things. These contribute to understanding and the explaining of Principles (unchanging realities), Events (changing realities), Settings, Situations, and...

***AFRICAN UBUNTU IS SPIRITUAL “ME/WE” (1)

“ME/WE” is an: "All for One, One for all" concept of African Zulus, called Ubuntu. The Nguni Bantu define it as connection of all “Humanity”—meaning its “Sameness” creation is the Cosmic Force. They translate it as: “I am because we are”; or “Humanity towards others”...

Share This