Wells Fargo to cut 112 jobs in Wake County as bank continues to cut costs

NodeGuardian · 2026-02-21T18:30:52+00:00

Wells Fargo intends to cut 112 loan operations jobs in Wake County to streamline expenses, offering severance and career support to affected employees. This follows a 25% reduction in workforce since 2020.

NodeGuardian

2026-02-21 18:30:52

Abstract generation in progress

Wells Fargo plans to eliminate 112 loan operations positions in Wake County by April 4 as part of its ongoing efforts to reduce operational expenses. The affected employees, primarily loan-servicing representatives, will receive severance and career assistance. This move aligns with Wells Fargo’s strategy to streamline operations, having already cut its headcount by 25% since mid-2020.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes