In the News

Wells Fargo / To cut 925 more jobs

Wells Fargo, the biggest U.S. mortgage lender, eliminated an additional 925 jobs in its home loan unit and has cut more than 5,700 since midyear.

The bank gave the affected employees 60 days\’ notice Wednesday, said Catherine Pulley, a spokeswoman for the San Francisco company. The bank declined to say how many of the cuts were in the Bay Area. \”We are committed to retaining as many team members as possible\” and will try to find other opportunities for employees within the company, she said.

Wells Fargo, which reported a 43 percent plunge in third-quarter mortgage banking revenue, is cutting staff as home loan refinancings dry up and loans for new purchases fail to counter the decline. The bank announced 4,800 job cuts in the third quarter. The lender had about 271,000 people on its payroll on Sept. 30, making it the biggest employer among U.S. banks.

Chosen excerpts by Job Market Monitor. Read the whole story at 

'Employability, The Labor Force And The Economy - SFGate' - www_sfgate_com_business_investopedia_article_Employability-The-Labor-Force-And-The-Economy-4042653_php

via Wells Fargo cuts 925 more jobs in home loan unit – SFGate.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter



%d bloggers like this: