More layoffs at Wells Fargo
Wells Fargo & Co. said Wednesday that it cut an additional 17 mortgage-related jobs in Jacksonville and 1,865 jobs overall, because of a continuing decline in mortgage refinancing activity.
The San Francisco-based banking giant last month said it cut 95 jobs in Jacksonville and 2,300 overall in its mortgage operations.
Wells Fargo spokeswoman Kathy Harrison said in an email that the cuts "will help increase the efficiency of our organization as we respond to change in demand."
She said affected workers are getting a 60-day notice of displacement and the company is working to identify other opportunities for positions for them within Wells Fargo.