Wells Fargo Firing 150 in Wachovia Purchase
Post Views 0Wells Fargo is firing 150 employees in its investment banking & capital markets unit, after purchasing Wachovia’s investment banking business.
Half the cuts will take place at Wachovia’s Charlotte, North Carolina headquarters.
The bank will cut jobs in loan syndication, mergers & acquisitions, equities and debt underwriting units.
Wells Fargo hired 5,000 people in Q1 as it expanded its mortgage division.
Wells Fargo Firing 150 in Wachovia Purchase by Harrison Barnes