Items Tagged with 'Wells fargo layoffs'

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  • Wells Fargo eliminating 900 mortgage jobs

    Cutting approximately 1,000 positions overall
    A few months ago, Wells Fargo revealed that it is planning to cut as many as 26,500 of its employees over the next few years as the bank works to reorganize itself amid the shifting landscape surrounding the financial services industry. And now, the first of those cuts are hitting home, right in the mortgage division.
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  • Wells Fargo expects to cut as many as 26,500 jobs in the next 3 years

    Company reveals planned headcount reduction of between 5%-10%
    It’s been a rough few years for Wells Fargo and the next few years won’t be much better, for as many as 26,500 of the bank’s employees. That’s because the bank announced Thursday that it expects to see a reduction in headcount of as much as 10% of the company’s workforce in the next three years. The company currently has approximately 265,000 employees, meaning as many as 26,500 could be out of a job by 2021.
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  • Wells Fargo to lay off 638 mortgage lending employees

    Layoffs impact employees in four states
    According to a recent report, Wells Fargo announced this week it will lay off 638 of its mortgage lending professionals in California, Colorado, Florida and North Carolina. The big bank said it is attributing the layoffs to market changes.
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  • Wells Fargo lays off 100 mortgage employees in North Carolina

    Bank seeks to better align current volumes
    Wells Fargo announced its Fort Mill, North Carolina-based mortgage office will lose 100 employees, according to an article written by Caroline Hudson for Charlotte Business Journal. The report says the bank is claiming that "market changes" and an effort to "to better align with current volumes" motivated the layoffs.
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