Wells Fargo & Co.'s Charlotte operations will likely see an influx of technology workers in the coming months.
The San Francisco-based bank is asking 650 tech employees across the United States to relocate to larger markets — one of those being Charlotte, spokesman Peter Gilchrist confirmed.
Wells Fargo is targeting markets with 10 or fewer tech workers in an effort to consolidate its operations, part of a three-year plan handed down by Saul Van Beurden, head of technology. Van Beurden stepped into his newly created role in early 2019.
As part of the plan, Wells Fargo cut 700 positions in the Philippines and is relocating many of those jobs to India.
"Wells Fargo Technology is beginning to roll out a global workplace strategy that emphasizes co-location and collaboration to help increase Technology’s speed and engagement," Gilchrist said in a statement. "This strategy will ultimately provide meaningful benefits to our employees and customers, but we recognize this change will have a significant impact on some employees and their families."