Wells Fargo has filed 54 WARN notices across 6 states, affecting 2,648 workers. Filings are concentrated in West Des Moines, Yellowstone, and Portland. Of these, 3 involved facility closures and 45 were layoff events. Filing dates range from Sep 18, 2024 through Aug 18, 2026. Wells Fargo provided an average of 72 days notice before the effective date of these filings. The Dec 3, 2024 filing for 500 workers in Hillsboro is the third largest filed in Oregon in 2024 and larger than 97 percent of WARN filings nationally. West Des Moines accounts for 35% of affected workers. Filings in the most recent quarter were unchanged from the prior quarter at 6.
Wells Fargo is one of the largest banks in the United States, founded in 1852 in San Francisco. The company provides banking, investment, mortgage, and consumer finance services through approximately 4,500 branches nationwide. Wells Fargo employs roughly 225,000 people.
Wells Fargo has been in a prolonged period of workforce reduction. The company has filed over 140 WARN notices affecting more than 6,500 workers in recent years. These cuts are spread across branch closures, mortgage lending operations, and corporate functions. The reductions accelerated after the company's 2016 fake accounts scandal, which led to regulatory restrictions including a Federal Reserve asset cap that remains in place. Wells Fargo has closed hundreds of branches since 2020 as part of its cost-cutting and digital banking strategy.
The banking industry's shift to digital services has reduced the need for physical branch networks. Wells Fargo, with one of the largest branch footprints in the country, has been especially affected. The company has invested in mobile banking and digital lending platforms while steadily reducing its physical presence. The asset cap imposed by the Federal Reserve in 2018, a consequence of the fake accounts scandal, has forced the company to become more efficient within constrained growth limits.
Wells Fargo continues to reduce its branch network and streamline operations under the Federal Reserve's asset cap, which limits the bank's total assets. The company is investing in technology modernization and has been working to resolve remaining regulatory issues. Branch closures and operational consolidations are expected to continue generating WARN filings.
Last reviewed 2026-04-15| Location | State | Type | Workers | Effective | Filed |
|---|---|---|---|---|---|
| West Des Moines 800 S Jordan Creek Pkwy |
IA | Layoff | 14 | 2026-10-17 | 2026-08-18 |
| West Des Moines 800 S Jordan Creek Pkwy |
IA | Layoff | 7 | 2026-10-03 | 2026-08-04 |
| West Des Moines 800 S Jordan Creek Pkwy |
IA | Layoff | 20 | 2026-09-19 | 2026-07-22 |
| Yellowstone | MT | 2 | 2026-07-21 | ||
| West Des Moines 800 S Jordan Creek Pkwy |
IA | Layoff | 20 | 2026-09-05 | 2026-07-07 |
| Yellowstone | MT | 16 | 2026-06-23 | ||
| West Des Moines 800 S Jordan Creek Pkwy |
IA | Layoff | 43 | 2026-08-22 | 2026-06-23 |
| West Des Moines 800 S Jordan Creek Pkwy |
IA | Layoff | 1 | 2026-07-25 | 2026-05-26 |
| West Des Moines 800 S Jordan Creek Pkwy |
IA | Layoff | 29 | 2026-07-11 | 2026-05-12 |
| West Des Moines 800 S Jordan Creek Pkwy |
IA | Layoff | 10 | 2026-06-27 | 2026-04-28 |
Wells Fargo has an upcoming layoff effective Oct 17, 2026. If you are affected, you remain employed with regular pay and benefits until the effective date. Use this time to prepare: file for unemployment insurance so your claim is ready when your last day arrives, review your COBRA health coverage options, and visit your local America's Job Center for free career counseling and retraining vouchers. Ask about Rapid Response services, which are specifically designed for WARN-affected workers.
Find your state's unemployment insurance program and apply online. You may be eligible before your last day.
Continue your employer health plan for up to 18 months, or compare lower-cost options on the Health Insurance Marketplace.
Employers with 100 or more employees must give 60 days written notice before mass layoffs or plant closings.
Free career counseling, resume help, job search assistance, and retraining programs through CareerOneStop.
Interview prep, job search management, and career planning tools to help you land your next role.
America's Job Centers offer free career counseling, resume help, interview prep, job search assistance, and retraining vouchers for workers affected by WARN Act layoffs. Ask about Rapid Response services.
All data on this site is sourced from official WARN Act filings published by state workforce agencies. Filings are updated regularly but may not reflect same-day submissions. Coverage varies by state.
2 outlets have covered this, between 2026-07-15 and 2026-08-20. The Des Moines Register reported 14. The 54 WARN filings on record here cover 2,648 workers in this window.
Across 47 filings where both a notice date and a layoff date are published, the median gap was 60 days. 15 of 47 (32 percent) fell short of the 60 days the WARN Act requires.
Notice length matters when a severance agreement lands, because most agreements ask you to waive WARN claims. How the notice period changes what severance is worth.
Severance is negotiable more often than people assume, and the leverage is largest before a notice lands. Financial Samurai's How To Engineer Your Layoff walks through how those conversations actually go, with real severance examples.
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