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Under Questioning from Sen. Donnelly, Wells Fargo CEO Sloan Admits Company's American Call Center Layoffs Due to Offshoring

Press Release

Upon questioning from Senator Joe Donnelly (D-IN), Wells Fargo CEO Tim Sloan admitted that recent rounds of layoffs at Wells Fargo call centers in America were directly related to the company's increased hiring of call center workers in the Philippines -- an admission at odds with the company's supposed reasoning for the recent layoffs of hundreds of American call center workers.