(Photo by Justin Sullivan/Getty Images)
Blame it on higher interest rates. Wells Fargo in Charlotte likely affected as the company slashes hundreds of jobs. Wells Fargo reportedly let go hundreds possibly thousands of employees as the latest round of layoffs related to the mortgage industry.
Bloomberg reports the layoffs are nationwide, Charlotte was not the particular target of the cuts. There are reportedly 27,000 people employed by Wells Fargo in Charlotte.
Sadly, end of year is when many companies take a look at the bottom line and make some hard decisions about who should stay and who they feel needs to go in order to make the company stronger overall. To learn more about the company layoffs at Wells Fargo, check out details from Channel 9.
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