Wells Fargo (NYSE:WFC) Orange County Job Cuts

Categories: Finance

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.

Price History
Last Price: 32.42
52 Week Low / High: 23.02 / 34.25
50 Day Moving Average: 30.39
6 Month Price Change %: 13.5%
12 Month Price Change %: 14.0%

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