ST. PAUL, Minn. (AP) — Dozens of employees in the Twin Cities are among about 2,300 workers being laid off by Wells Fargo Home Mortgage.
The lender says it’s reducing staff because a recent bump in interest rates has slowed consumer demand for refinancing. In the Twin Cities, 161 employees will lose their jobs.
Minnesota Public Radio News (http://bit.ly/19Lsvci ) says Wells Fargo employs about 20,000 people in Minnesota.
Information from: Minnesota Public Radio News, http://www.mpr.org