Wells Fargo’s San Francisco headquarters houses no member of its ‘senior leadership team’ - San Francisco Business Times

near Dallas to accommodate up to 4,000 workers. The bank told me this week, “Wells Fargo is not moving its San Francisco headquarters.”

That’s little solace considering the bank’s diminishing presence in San Francisco, especially when it comes to its corporate leadership. The CEO and much of his leadership team is based in New York, while a handful of the senior leadership team members are located in Charlotte, Wells Fargo’s largest employment center.

Wells' employee base in San Francisco County fell almost 20% in one year, dropping to 5,899 in 2021 from 7,021 in 2020, the bank said in January. The bank cited increased efficiencies as one factor in the drop. Despite growing concern that San Francisco could lose the prestige and status that comes with Wells Fargo’s headquarters, the Bay Area continues to be an important market for Wells.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wells Fargo’s San Francisco headquarters houses no member of its ‘senior leadership team’ - San Francisco Business TimesIn banking news, WellsFargo says it no longer has anyone from its 'senior leadership team' based in San Francisco. But the bank says its HQ isn't leaving the city it has called home since its founding in 1852.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »