Wells Fargo & Co. (NYSE: WFC) says it expects employee numbers to drop by as much as 10% over the next three years — a decline it says will be due to "displacements as well as normal team member attrition."
Chief Executive Tim Sloan spoke about the changes at a companywide town hall meeting in San Francisco on Thursday.
Wells Fargo currently employs about 265,000 people. Based off of company estimates, the employee headcount could decline by as few as 13,250 or as many as 26,500 by the end of…
