6 Articles
6 Articles
Wells Fargo's Chennai Exit: What’s Driving the Bold Move?
American financial services giant Wells Fargo plans to shut down its global capability centre (GCC) in Chennai by the end of 2027. According to the company’s media statement, the move is part of a strategy to consolidate its India operations into two primary hubs: Bengaluru and Hyderabad. The statement highlighted that India and the Philippines region are an integral part of Wells Fargo’s global operations. In line with its global location stra…
DMK’s Dravidian Model Takes Another Hit As Wells Fargo Shuts Shop In TN - The Commune
In another major setback for Tamil Nadu’s much-promoted “Dravidian model” of governance, American financial giant Wells Fargo has announced the closure of its Global Capability Centre (GCC) in Chennai. The operations will be relocated to Bengaluru and Hyderabad by the fourth quarter of FY27, offering employees the option to move or seek opportunities elsewhere. This marks the third significant shift of business operations out of the state, raisi…
Wells Fargo to wind down Chennai operations; employees to relocate
Wells Fargo, the American multinational financial services firm, is set to shut down its Global Capability Centre (GCC) in Chennai. The company has offered its Chennai employees the option to relocate to its other India locations—Bengaluru or Hyderabad. The whole transition process will be completed by the fourth quarter of the financial year 2027. The decision is part of Wells Fargo’s ongoing enterprise location strategy. The move aims to strea…
People Matters - Interstitial Site — People Matters
Unpredictability is no longer an exception but a norm. Be it economic downturns, global crises, geopolitical shocks, or technological disruptions, organisations must continuously adapt to stay competitive. In this context, the way companies manage their people strategies during uncertain times becomes a defining factor for long-term success. In an exclusive interview with People Matters, Sudip Indani, Managing Director - Head of People Solution…
People Matters Global - Interstitial Site — People Matters Global
Over-The-Rainbow (OTR), a trailblazer in Singapore’s youth mental wellness space, has committed a fresh $1 million to seed the launch of The OTR Academy, an initiative designed to train 10,000 wellbeing practitioners by 2030. Announced at the Parenting Conference 2.0 held at The Catapult Singapore, this step signals a strategic shift towards scaling mental health support through community empowerment and holistic education. With the first cohort…
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