WFC · News · 20261102N

Workforce Reduction

WELLS FARGO & COMPANY/MN · 2026-11-02 · Importance 28 · Surprise 42 · In source text

Wells Fargo is cutting 87 jobs at its Roanoke County support center in Virginia, primarily in fraud and claims operations. Reports say the reductions will occur in phases beginning in late November and extending through December 2026, with 82 of the affected positions in fraud and claims operations. The bank cited staffing adjustments to match business needs and is offering severance and career-transition support; the cuts follow a 2023 expansion of the center that included an $87 million investment and 1,100 new jobs.

Key facts

• Wells Fargo is laying off nearly 90 employees at its Roanoke, Virginia office, with official separations expected to begin around December 26. source
• Wells Fargo announced layoffs of 87 employees at its Roanoke County customer support center in three rounds, beginning November 28, 2026. source
• Wells Fargo is set to lay off 87 employees in its Roanoke County chief operating office business unit, primarily affecting fraud and claims operations representatives. source
• The Roanoke layoffs affect customer service, fraud and risk analytics roles; Wells Fargo said it would provide severance, career assistance and other transition services, and did not disclose the reason for the layoffs. source
• The Roanoke County cuts are primarily in fraud and claims operations, affecting 82 positions; Wells Fargo cited staffing adjustments to match business needs and offered severance packages and career transition services. source
• The Roanoke County layoffs are occurring in phases through December, as part of staffing adjustments; affected workers will receive severance and career transition support. source

Impact estimates