Local News
Wells Fargo lays off dozens of Raleigh employees
Wells Fargo announced Wednesday that it would be laying off 87 employees in order to better align with current market volumes.
Posted — Updated
RALEIGH, N.C. — Wells Fargo announced Wednesday that it would be laying off 87 employees in order to better align with current market volumes.
A spokeswoman for the company said that the change comes after the company evaluated the current market and consumer needs. The bank said that the layoffs were also the result of market changes, including a decrease in foreclosure rates and only a small increase in the demand for mortgage financing.
The 87 employees were given a 60-day notice, effective Feb. 3. Another 69 employees in the Charlotte area were also affected by the job cuts.
• Credits
Copyright 2024 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
