Report: Wells Fargo Announces Layoffs, 203 in Twin Cities

Updated: 02/27/2014 7:50 AM
Created: 02/26/2014 7:42 PM
By: Cassie Hart

Wells Fargo announced Wednesday it is cutting 700 mortgage-related workers, including 203 in the Twin Cities, according to Minneapolis/St. Paul Business Journal.

The San Francisco-based bank told employees the move comes as the demand for mortgages continues to shrink, according to the report. Most of the Minnesota cuts are at the bank's South Minneapolis home mortgage operation.

At this point, additional details have not been released.

Image: Wells Fargo/ Twitter

Dense Fog Advisory

MN AREAS AFFECTED: Anoka; Ramsey; Washington
Expires: 11/23/2014 6:00 PM

Dense Fog Advisory

WI AREAS AFFECTED: Barron; Chippewa; Dunn; Eau Claire; Polk; Rusk; St. Croix
Expires: 11/23/2014 6:00 PM

Minneapolis/St. Paul

50° | 25°
  • Feels like: 41° F
  • Wind: NW 8mph
  • Humidity: 90%
  • Mon Windy with morning snow showers
    25° | 7°
  • Tue More sun than clouds
    24° | 12°
  • Wed Snow showers early
    20° | 6°
  • Thu Mostly sunny
    16° | 10°