Monday, Oct 22, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Wells Fargo announces plans to lay off 1,800


NEW YORK — Wells Fargo & Co. plans to lay off an additional 1,800 employees from its mortgage department, after cutting about 2,300 jobs from the same unit in August.

A spokesman said Thursday that the San Francisco-based bank is cutting jobs in the mortgage department because fewer people than it expected are refinancing their mortgages.

The affected employees were given 60 days’ notice, Wells Fargo said. The bank said it is looking for other positions for those people within the firm.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…