Wells Fargo (NYSE:WFC) has decided to cut 145 mortgage jobs in Irvine, CA.
Wells Fargo (NYSE:WFC) Orange County Job Cuts
Wells Fargo (NYSE:WFC) has announced that it will cut 145 employees from its wholesale mortgage lending division in Orange County.
Some jobs may also be eliminated in Costa Mesa.
Julie Green Rommel, a spokeswoman of Wells Fargo (NYSE:WFC) said that, “the workers, who handle third party mortgages from brokers, were hired by the bank as interim team members for short-term assignments. But demand is slowing and we expect it to remain slow this year.”
Wells Fargo (NYSE:WFC) company shares are currently standing at 32.42.