Wells Fargo plans to cut its workforce by 5 to 10 percent in the next three years, CEO Tim Sloan reported in a news release.

Reasons given were efficiency and changes in customers’ banking habits to self-service digital options. Wells Fargo has faced multiple scandals and the ensuing fallout. It recently held its annual meeting in Des Moines.

The banking giant has 265,000 employees with a sizable presence in Iowa. The big one is Wells Fargo’s home lending business — Wells Fargo Home Mortgage, which is headquartered in West Des Moines. The company has 123 locations in Iowa, including 64 community banking branches, as well as 44 home mortgage locations and 15 Wells Fargo Advisors brokerage offices. With approximately 16,000 team members in Iowa and 14,500 in metropolitan Des Moines, Wells Fargo is Central Iowa’s largest employer.

There were no details on how the trims could affect Iowa.

“We do not have a detailed breakdown as we expect this to occur enterprise-wide within the next three years,” said Steve Carlson, vice president in corporate communications. “This decline would reflect displacements as well as normal team member attrition over that period. We cannot comment on any impact related to a specific business unit, geography, or job type.”