Senator Catherine Cortez Masto is blasting Wells Fargo CEO and President Timothy J. Sloan, over the layoffs of 340 employees from Wells Fargo’s Reno call center. Several reports have noted that while Wells Fargo is laying off thousands of workers across the U.S., the company is also preparing to hire thousands of workers for call centers overseas and has announced billions in stock buybacks for its corporate executives. Cortez Masto says, “It is alarming that these layoffs are occurring despite the astronomical benefits that Wells Fargo will receive from the recently passed Tax Cuts and Jobs Act of 2017. One estimate from Goldman Sachs found that the tax cut would boost Wells Fargo profits by $3.7 billion for 2018. Furthermore, the same month Wells Fargo announced the layoffs in Reno, you also announced a planned stock buyback of $24.5 billion.”