Estimated reading time: 0 minutes, 28 seconds

Wells Fargo Lays Off 36 More Workers Amid Mortgage Slowdown

Friday, Sep 30 2022
Lending
Written by  The Mortgage Leader

Wells Fargo has revealed another round of job cuts in its Des Moines, Iowa, offices, where its flagging home mortgage division is based. So report the Des Moines Register and KCCI.

wells fargo 150x150According to a notice filed with Iowa Workforce Development, Well Fargo let go 36 workers on September 22 in its 10th round of layoffs since April.

A Wells Fargo spokesperson told the Register, “We regularly review and adjust staffing levels to align with market conditions and the needs of our businesses.”

Read the full article from Des Moines Register.

Read the full article from KCCI.

Read 905 times
Rate this item
(0 votes)
More in this category: « Fannie Mae Hires JPMorgan Alum Priscilla Almodovar as CEO Mortgage Demand Drops as Refinances Fall to 22-Year Low »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline