San Francisco-based Wells Fargo & Co. is reporting layoffs in West Des Moines related to its mortgage lending business.Iowa Workforce Development lists 25 layoffs at the Wells Fargo campus at 800 South Jordan Creek Parkway.KCCI contacted Wells Fargo for a statement on the layoffs. The company would not comment on locations or the total number of those displaced but confirmed the layoffs are related to home lending.“The home lending displacements last week were the result of cyclical changes in the broader home lending environment. The employees affected by these changes have each been an essential part of our success. We are carrying out displacements in a transparent and thoughtful manner and providing assistance, such as severance and career counseling. Additionally, we are committed to retaining as many employees as possible and will do everything we can to help them identify other opportunities within Wells Fargo,” the company said in a statement.Wells Fargo also announced layoffs in the Des Moines metro in October of 2020.At last report, the company was the largest employer in the Des Moines metro, with about 13,500 employees.Related:
San Francisco-based Wells Fargo & Co. is reporting layoffs in West Des Moines related to its mortgage lending business.
Iowa Workforce Development lists 25 layoffs at the Wells Fargo campus at 800 South Jordan Creek Parkway.
KCCI contacted Wells Fargo for a statement on the layoffs. The company would not comment on locations or the total number of those displaced but confirmed the layoffs are related to home lending.
“The home lending displacements last week were the result of cyclical changes in the broader home lending environment. The employees affected by these changes have each been an essential part of our success. We are carrying out displacements in a transparent and thoughtful manner and providing assistance, such as severance and career counseling. Additionally, we are committed to retaining as many employees as possible and will do everything we can to help them identify other opportunities within Wells Fargo,” the company said in a statement.
Wells Fargo also announced layoffs in the Des Moines metro in October of 2020.
At last report, the company was the largest employer in the Des Moines metro, with about 13,500 employees.
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