This story was first published in August 2021 and was updated in June 2022 to reflect personnel changes at Wells Fargo. Wells Fargo CEO Charlie Scharf has transformed the upper ranks of the fourth ...

Wells Fargo employed 215,367 people on March 31, compared with 217,502 at the end of 2024. The workforce has fallen every quarter since the third quarter of 2020.

Executives who presented at Wells’ investor day three years ago used the phrase “cross-sell” a total of 80 times — highlighting how the bank vaunted its strategy of pushing several ...