Wells Fargo announced plans to cut 112 loan operations positions in Wake County by April 4th, as part of the bank’s ongoing efforts to streamline operations and reduce costs. The company stated it is providing severance and career assistance to the affected employees. This move follows a 25% reduction in Wells Fargo’s headcount since mid-2020.
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Wells Fargo to cut 112 jobs in Wake County as bank continues to cut costs
Wells Fargo announced plans to cut 112 loan operations positions in Wake County by April 4th, as part of the bank’s ongoing efforts to streamline operations and reduce costs. The company stated it is providing severance and career assistance to the affected employees. This move follows a 25% reduction in Wells Fargo’s headcount since mid-2020.