March 6, 2009

More job cuts at Wells Fargo

MSNBC reports that job cuts at Wells Fargo in Charlotte are underway. “The layoffs are always going to be deeper in the headquarters city of the acquired bank,” said banking expert and UNCC professor Tony Plath.

[The exact number of layoffs is not known] but Plath puts the estimate at 3000 or 4000.

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