Wells Fargo Lays off 140 employees


Wells Fargo, a US financial services company and third largest bank in the country, announced earlier this week that it would be letting go of 140 workers in its home lending division in Springfield, Illinois.

According to Ryan McCrady, president and chief executive of the Springfield Sangamon Growth Alliance, the layoffs at the Springfield home lending business will take place in the coming months, ending in the third quarter of the year. 

Wells Fargo reportedly notified affected employees about the layoffs on January 11. McCrady had this to say about the job cut: McCrady added that financial and professional services are in high demand in the area, so he’s “very optimistic” about the affected workers’ prospects of re-employment.

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