WFC · News · 20260820N

Workforce Reduction

WELLS FARGO & COMPANY/MN · 2026-08-20 · Importance 34 · Surprise 42

Wells Fargo announced 14 additional job cuts at its Jordan Creek campus in West Des Moines, Iowa, during August 2026. The cuts brought the 2026 total to 322 jobs in the Des Moines metropolitan area. Since April 2022, the bank has eliminated 1,619 positions in the area through 103 layoff rounds, with the latest reductions described as part of workforce streamlining amid market conditions and regulatory pressure, particularly in home mortgage.

Key facts

• Wells Fargo cut 14 jobs at its Jordan Creek campus in West Des Moines in the latest round of layoffs. source
• Wells Fargo's layoffs in the Des Moines metro totaled 322 jobs for the year. source
• Since April 2022, Wells Fargo has eliminated 1,619 jobs in the Des Moines area through 103 rounds of layoffs. source