Mass Wells Fargo Firings Begin In Time For The Holidays

Wells Fargo CEO Tim Sloan Dons His Grinch Costume Announces Mass Wells Fargo Firings For The Holidays

mass wells fargo firings
Mass Wells Fargo firings have announced just in time for the holidays. Wells Fargo informed 1,000 employees their jobs will be eliminated. The bank’s consumer lending divisions will see the biggest hit. employees in those divisions will see 900 people lose their jobs.
Wells Fargo also plans to cut the bank’s workforce by as much as 10% over the next three years.
The mass Wells Fargo firings reflect the ongoing decreases in the number of Wells Fargo customers in default. It is also the result of the declines in mortgage application volume.
As a result, mass Wells Fargo firings will begin at Wells Fargo’s Des Moines, Iowa and Fort Mill, South Carolina facilities. The layoffs span Wells Fargo’s Consumer Lending and Payments, Virtual Solutions and Innovations groups.
Employees at those facilities received “pre-notices,” on November 15th. 

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