Staff Reporter
,
Philippines
A portion of these roles will be moved to India.
Wells Fargo is planning to cut around 700 workers in Manila and transfer a portion of these roles to India, Reuters reported.
The bank has also told around 650 US tech workers to relocate to a bigger market to retain their jobs. It also laid off more than 200 staff in its US lending divisions in 2019.
Last month, Wells Fargo posted a 55% plunge in its Q4 profits.
Here's more from Reuters.
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