David Saks: September 2013

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Wells Fargo Cuts Another 1800 Jobs From the Mortgage Division

Wells Fargo & Co. announced that it's laying off more than 1,800 employees from its mortgage dvision.

The bank just cut almost 2,300 jobs from the division back in August.

Wells Fargo spokesman Alfredo Padillo said that the bank is cutting the mortgage department jobs because not many people are refinancing their mortgages.

 

The job cuts will occur throughout the nation.

Reuters

All of the employees impacted by the decision have been given 60 days notice.

The bank is looking for other positions for some of the employess affected by the cuts.

The California-based company is the nation’s second-largest bank by deposits in the nation.

Wells Fargo is the largest originator of residential mortgages in the nation.




David Saks



Time&Temp Memphis

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Wells Fargo Cuts Another 1800 Jobs From the Mortgage Division
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