Wells Fargo cutting more Twin Cities jobs - KTTC Rochester, Austin, Mason City News, Weather and Sports

Wells Fargo cutting more Twin Cities jobs


MINNEAPOLIS (AP) -- Wells Fargo and Company is eliminating another 332 jobs in the Twin Cities.

The San Francisco, California-based lender is cutting 1,865 jobs across the country. Wells Fargo confirmed Wednesday that it was notifying employees in the Twin Cities and "various other cities" but declined to be specific. The bank also wouldn't say which Twin Cities locations were affected.

The Star Tribune reports Wells Fargo has more than 20,000 employees in Minnesota. About 8,000 work in its mortgage operation that has offices around the Twin Cities, including a large campus in south Minneapolis.

Last month, Wells Fargo notified 161 people in the Twin Cities mortgage operation that their jobs would end within 60 days. That came after a recent bump in interest rates slowed consumer demand for refinancing.

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