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Wells Fargo job cuts fewer than original estimate
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Oct. 31, 2010 12:04 pm
DES MOINES, Iowa (AP) - A spokeswoman for Wells Fargo Financial says the company is eliminating 250 jobs, including 150 in Des Moines.
Diana Rodriguez of Wells Fargo & Co. told the Des Moines Register the number of job losses will be fewer than originally announced because some workers moved into open posts.
The layoffs are taking place this week and next week - part of a restructing that folded the business unit into Wells Fargo mortgage and banking operations.
The final number of layoffs is expected to be around 3,400 with up to 350 of those in the Des Moines area.
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