South Dakota Wells Fargo employees not affected by cuts - KSFY News - Sioux Falls, SD News, Weather, Sports

South Dakota Wells Fargo employees not affected by cuts

Posted: Updated:

Wells Fargo says none of its South Dakota employees will be affected by recent layoffs happening throughout the country.

Wednesday, the company announced more than 2,300 layoffs nationwide in its mortgage unit. 85 Jobs are being eliminated in Des Moines, IA and 161 people lost their jobs in the Twin Cities.

The company says a recent bump in interest rates has slowed consumer demand for refinancing.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KSFY. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service or our EEO Report.