Dozens of positions in the Lone Star State have been eliminated by Wells Fargo & Co. The affected employees work in mortgage servicing.
The San Francisco-based bank-holding company has laid off employees in San Antonio, Texas. The job cuts took place on Feb. 18.
A written statement from Wells Fargo indicates that the positions eliminated are in bankruptcy operations, a unit that is being reorganized.
According to the statement, some of the work handled in San Antonio is being transferred to existing teams in Raleigh, North Carolina; Ft. Mill, South Carolina; Des Moines, Iowa; and India.
A Feb. 16 filing made with the
Texas Workforce Commission as required by the Worker Adjustment and Retraining Notification Act indicates that 73 employees are impacted by the layoffs.
The jobs cuts come as the Bureau of Labor Statistics reported Friday that non-bank mortgage employment was slashed by nearly 4,000 jobs during January.
Across the entire organization, 262,700 people were on Wells Fargo’s payroll as of year-end 2017.
