The reductions took place across the country, according to people familiar with the plans, and come amid ongoing Federal Reserve rate hikes to tame persistent...
Wells Fargo & Co. cut hundreds more mortgage employees Thursday, the latest in aafter higher interest rates brought the pandemic-era home-lending boom to a halt.
“We regularly review and adjust staffing levels to align with market conditions and the needs of our businesses,” a representative for Wells Fargo said in a statement.
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