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Wells Fargo plans big job cuts as rumors swirl on whether CEO will keep his post
28 days ago - By Biz Journals
Wells Fargo CEO Tim Sloan said Thursday that the bank will cut more than 10,000 jobs over the next three years through layoffs and attrition.
The San Francisco-based bank will shed 5 percent to 10 percent of its workforce, which now stands at about 265,000.
Wells did not disclose where the cuts will occur, geographically or operationally. Wells Fargo is metro Atlanta's third-largest bank ranked by deposits, with deposits of $30.6 billion in the metro Atlanta area as of June 30,...
Read more ...Layoffs loom at Under Armor as 400 workers face job cuts
28 days ago - By Fast Company
The apparel brand has struggled over the last year or so in the face of stiffer competition.
Embattled apparel brand Under Armor said today it will lay off 3% of its global workforce, about 400 people, in a restructuring bid aimed at streamlining its operations. The Baltimore-based company also updated its 2018 outlook, saying it now expects losses of $60 million, compared to the previously estimated range of $50 million to $60 million.
Read more ...
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