Wells Fargo Employees in Manila to lose Jobs

Hundreds of Wells Fargo & Co employees will be laid off as the company revamp its strategy. “strategy that emphasizes co-location and collaboration to help increase Technology’s speed and engagement,” said Wells Fargo spokesman Peter Gilchrist. Photo from Wells Fargo Facebook Page He said that the roles that will be pulled out from Manila will be […]

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wells fargo employees in manila to lose jobs - Wells Fargo Employees in Manila to lose Jobs

Hundreds of Wells Fargo & Co employees will be laid off as the company revamp its strategy. “strategy that emphasizes co-location and collaboration to help increase Technology’s speed and engagement,” said Wells Fargo spokesman Peter Gilchrist.

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Photo from Wells Fargo Facebook Page

He said that the roles that will be pulled out from Manila will be moved to India where they will be hiring talents based there.

According to Bloomberg, Wells Fargo & Co. will be removing 700 workers and only 50 will be retained with their jobs, specifically those who perform tech roles. Though big changes will happen, the employees will be provided a “significant notice period and extensive support.”

“We will provide impacted Manila-based employees with services to help them find new positions within Wells Fargo or other companies, and those who do not get placed will receive separation benefits,” he added.

The post Wells Fargo Employees in Manila to lose Jobs appeared first on When In Manila.

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