Wells Fargo Mortgage To Lay Off 40 Workers

By: AP
By: AP
To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

COLORADO SPRINGS, Colo. (AP) -- Wells Fargo Mortgage will lay off 40 Colorado Springs employees next month as a result of declining refinance revenues triggered by higher mortgage rates in recent months.

According to published reports, the layoffs are part of a nationwide cutback of 1,900 employees announced last month by the San Francisco-based banking firm.

Wells Fargo notified the Colorado employees Sept. 18, giving them 60 days' notice. The bank says it is trying to place as many workers as possible in open positions at other locations.

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 228466331 - kktv.com/a?a=228466331
Gray Television, Inc.