Wells Fargo Joins U.S., European Lenders in Suspending Job Cuts
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Wells Fargo & Co. is suspending new job cuts, joining banks on both sides of the Atlantic giving workers a reprieve as they grapple with the impact of the coronavirus.
“We have paused initiating new displacements,” spokeswoman Beth Richek said Thursday in a statement. “We will continue to evaluate during this fluid situation.”