Wells Fargo reportedly slashes hundreds of mortgage jobs

Charlotte Business Journal
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Wells Fargo has reportedly let go hundreds of employees in the latest round of layoffs to hit the mortgage industry amid rising interest rates. That’s according to Bloomberg, which reports the job cuts took place nationwide.

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As the home of Wells’ largest employment hub, it’s unlikely the Charlotte region went unscathed. During a previous round of layoffs back in the spring, analysts told CBJ that cuts likely took place in all markets. The bank has some 27,000 employees based here, including a robust mortgage operation.

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