Wells Fargo workers report layoffs underway; 50,000 jobs at risk

RESEARCH TRIANGLE PARK – Major layoffs at Wells Fargo have been predicted for weeks, and posts by workers at The Layoff.com indicate the reductions have begun. Wells Fargo in a statement says cuts will be made across most lines of business and its footprint of operations.

“Yes woke up to meeting invite and received my notice this morning. I was told my position was eliminated and HR used a rating scale thats unknown so supposedly don’t have a clue as to why I was selected. 14 years and now this,” wrote one poster.

Several others said layoffs have begun with one saying 500 reductions had already been made in one department. But some posters disputed the reports.

Wells Fargo employs some 2,700 people in the Triangle and 32,000 across the state. Most of those jobs are in Charlotte.

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