- Published on May 8, 2025
- In GCC
Wells Fargo’s Chennai Exit: What’s Driving the Bold Move?
Wells Fargo, with offices in Bengaluru, Chennai, and Hyderabad, plans to gradually phase out its Chennai location by the end of 2027.
Image by Wells fargo office
- By Shalini Mondal
American financial services giant Wells Fargo plans to shut down its global capability centre (GCC) in Chennai by the end of 2027. According to the company’s media statement, the move is part of a strategy to consolidate its India operations into two primary hubs: Bengaluru and Hyderabad.
The statement highlighted that India and the Philippines region are an integral part of Wells Fargo’s global operations.
In line with its global location strategy, the company has decided to consolidate its business operations in India. “This move allows us to provide more robust career growth opportunities and better service for our customers and clients. This change will be carried out in a phased manner over the next couple of years,” the company added.
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Shalini Mondal
Shalini is a senior tech journalist, exploring the latest advancements in AI. When she's not reporting on the latest innovations, you can find her immersed in her next literary adventure.
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