Bulk retrenchments at Wells Fargo
The US mortgage company, Wells Fargo, announced that it will cut 925 jobs in its home lending business owing decline in the refinancing business. The company issued a 60 day displacement notice to 925 mortgage team members. Earlier in April, the company had announced the retrenchment of 2,300 employees.
The US mortgage company, Wells Fargo, announced that it will cut 925 jobs in its home lending business owing decline in the refinancing business. The company issued a 60 day displacement notice to 925 mortgage team members. Earlier in April, the company had announced the retrenchment of 2,300 employees.
Read the Economic Times news report here.
