abc
QUICK LINKS:

Report: Wells Fargo Announces Layoffs, 203 in Twin Cities

Updated: 02/27/2014 7:50 AM
Created: 02/26/2014 7:42 PM KSTP.com
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

Minneapolis/St. Paul

Clear
57°
70° | 46°
  • Feels like: 57° F
  • Wind: NW 12mph
  • Humidity: 57%
  • Mon Mainly sunny
    62° | 40°
  • Tue Abundant sunshine
    58° | 42°
  • Wed Chance of afternoon showers
    63° | 48°
  • Thu Showers possible
    62° | 48°

Video

KSTP NEWS