<ul><li>Wells Fargo is closing its Global Capability Centre in Chennai and offering employees the option to relocate to Bengaluru or Hyderabad.</li><li>The transition process will be completed by the fourth quarter of the financial year 2027 as part of Wells Fargo's enterprise location strategy.</li><li>The company aims to streamline operations, provide career development opportunities, and enhance services for clients while consolidating its presence in India over the next few years.</li><li>Despite concerns raised on social media, Wells Fargo reaffirmed its commitment to its operations in India and the Philippines as crucial components of its global service delivery model.</li></ul>

Wells Fargo to wind down Chennai operations; employees to relocate

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