Wells Fargo sheds almost 100 jobs in pricey San Francisco


Wells Fargo said it’s moving almost 100 jobs in its commercial treasury business out of San Francisco, where rising housing costs and growing traffic congestion has nearly half of Bay Area residents looking to leave.

Wells was quick to say Monday that the relocation of 91 jobs out of San Francisco, and the elimination of five more in the city, was driven by the need to have employees in that part of the bank work in closer proximity to each other.

But moving jobs out of San Francisco, even this…

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