- Published on July 16, 2025
- In GCC
Wells Fargo Cuts 400 Jobs in India Amid GCC Pivot to Innovation Over Scale
The layoffs reflect a trend echoed across the global financial sector, where automation, AI adoption, and cost optimisation are reshaping back-end operations.
Image by Nalini Nirad
- By Shalini Mondal
As the wave of layoffs continues, Wells Fargo has reportedly let go of nearly 400 employees from its operations in India over the past two months. The job cuts have primarily affected its engineering division and the Chief Administrative Office (CAO), according to Business Standard.
The layoffs were part of the financial services company’s broader strategy to consolidate its global capability centre (GCC) operations in India and respond to the rapidly evolving economic and technological landscape.
The company responded to queries from AIM via email, stating, “We review and adjust staffing levels to align with market conditions and the needs of our businesses. We work hard to identify opportunities for employees in other parts of the company so we can retain as many employee
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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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