Wells Fargo cuts 1,900 jobs

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Wells Fargo & Co. – Colorado’s largest bank –  is eliminating 85 jobs in Denver and 1,900 jobs nationwide in its mortgage department.

In Colorado Springs, less than five positions are being eliminated, said Spokeswoman Cristie Drum, and the company will help them find other opportunities within Wells Fargo.

Bank officials said many of the employees were temporary hires, brought on several years ago during the boom of residential refinancing.

The company gave employees notice on March 23. They will receive pay and benefits for 60 days.

One Response to Wells Fargo cuts 1,900 jobs

  1. Thats great. I wish this company would dry up and blow away. They have been taking advantage of their customers for a very long time. Its about time that they go the way of that horse and buggy.

    April 8, 2011 at 6:25 pm