Wells Fargo
WFCThe Filing Footprint Is Bigger Than One Legal Name
Wells Fargo needs to be read through its public employer-name boundary: Wells Fargo Bank, N.A. plus Wells Fargo Securities employer-name variants in the DOL records.
Across FY2020 through FY2025, those rows add up to 3,559 Labor Condition Applications. Including the FY2026 partial-year rows, the total reaches 3,673. FY2025 alone accounts for 658 LCA filings.
The USCIS series shown here totals 1,493 approvals across the available approval rows. Where FY2025 rows are initial approvals only, the page labels them that way. LCA filings are not headcount, hired workers, or proof that a specific American worker was replaced.
25 total denials across all years (0.7% of filings) - too small to display on this chart.
The Employer Boundary Drives the Count
Wells Fargo Bank, N.a. is the largest filing name, but the full public footprint depends on combining the affiliated employer rows used for this page.
The peak year in the full-year series is FY2021, with 691 filings. FY2026 currently shows 114 rows and should be read as a partial-year value, not as a final decline.
This site no longer charts H-1B filings as a share of workforce. The ratio can blur U.S. employees, global employees, contractors, and offshore delivery headcount into one denominator.
Rows with a disclosed U.S.-employee denominator available here: 0. The analysis now uses filings, approvals, wage, worksite, and title concentration instead.
Workforce Context, Kept in Bounds
Wells Fargo cut thousands of jobs in the first quarter of 2026, with CEO Charlie Scharf telling investors to expect fewer employees regardless of AI initiatives. American Bazaar reported on June 22, 2026 that the layoffs had renewed the debate over the bank's H-1B hiring, which ran to 638 LCAs in FY2025 with a median sponsored salary around $132,000. Courthouse News separately reported laid-off visa workers suing Wells Fargo, the lock-in problem surfacing in litigation: workers whose right to remain in the country died with their badge access. The bank's quantitative analytics and software roles cluster in Charlotte, San Francisco, and New York.
The public workforce story belongs next to the filing volume, but it does not turn every LCA into a replacement claim.
The Q1 2026 reductions were attributed to automation and efficiency, and the public record does not link specific cut roles to sponsored hires. Filing volumes here are from public DOL records.
The Labor-Market Signal Is in the Job Mix
The leading occupation is Software Developers, and the leading job title is Software Engineer; those roles show what part of the labor market the filings reach.
For FY2025, the average H-1B wage in the filtered salary extract is $147,021, compared with an average prevailing-wage benchmark of $140,569. That is a $6,452 spread over the legal wage floor.
Where the Filings Reach the U.S. Labor Market
Charlotte, Nc leads the mapped worksite list with 1,752 rows for this employer boundary.
Green Cards Add the Long-Term Tie
The PERM layer adds 628 labor-certification cases from FY2020 through FY2025, including 179 in FY2025.
PERM records are a different process from H-1B petitions, but they matter because the sponsorship timeline can tie a worker to an employer for years.
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| Title | Count |
|---|---|
| Software Engineer | 81 |
| Quantitative Analytics Specialist 2 | 76 |
| Quantitative Analytics Specialist 3 | 45 |
| Application Systems Engineer 5 | 38 |
| Lead Software Engineer | 37 |
| Senior Software Engineer | 27 |
| Software Senior Engineer | 26 |
| Quantitative Analytics Specialist 1 | 22 |
- LCA filings and salary data: DOL OFLC disclosure rows mapped by the employer-name boundary used for this investigation.
- H-1B approvals: USCIS H-1B Employer Data Hub CSV rows for FY2020-FY2023, plus FY2025 hub initial approvals where available.
- PERM data: DOL OFLC PERM disclosure rows mapped with the same employer-name boundary.
- American Bazaar, June 22, 2026: Wells Fargo layoffs renew debate over H-1B hiring; Courthouse News, laid-off visa workers sue Wells Fargo; MyVisaJobs employer profile, retrieved July 2026.
- BLS wage comparison: OEWS May 2023 national median for software developers.
Caveat: LCA filings are not H-1B petitions or hired workers. FY2025 USCIS hub rows are initial approvals only, so denial rates are not computed for those rows.