Wells Fargo is eliminating 194 jobs in Winston-Salem, North Carolina, according to a notice filed with state authorities this week.
The cuts, announced in a Worker Adjustment and Retraining Notification, or WARN notice, are among broader layoffs that the company has announced for this year across the country, including in Iowa, Oregon, Florida and California.
While a state database indicates that the North Carolina layoffs are effective Aug. 23, the notice itself states that 159 employees were notified Tuesday, while other employees received their 60-day notices on earlier dates going back to April 1.
“We continue to bring the majority of our non-customer facing positions together in locations to best meet the needs of our business and provide an improved work experience for our employees,” a Wells Fargo spokesperson told ThinkAdvisor by email Friday.
“This effort does not impact our commitment to serving customers and clients in the Winston-Salem area. Customer-facing employees will continue to meet local customers’ and clients’ needs for the best service and advice,” the spokesperson added. “Eligible impacted employees will be offered severance, career assistance and other services to assist them in this transition.”
Iowa, Oregon Layoffs
Wells Fargo this week also informed Iowa authorities that it plans to lay off 35 people in Des Moines on Aug. 24; since late 2024, the bank has announced 287 layoffs to take place in Des Moines this year, according to the state.
In December, Wells Fargo notified Oregon authorities that it would exit two office locations in Salem and Hillsboro by year-end 2025, affecting about 721 employees. Those who don’t relocate or secure other positions with the firm will be eligible for severance pay and certain benefits, the company said.
The Salem location, with 221 employees, houses Wells Fargo’s chief operating office global operations business unit, according to one notification. The Hillsboro site is a call center that the company already had been shrinking in recent years, local media outlet OPB.com reported. Local news outlets reported last year that Wells Fargo is also leaving Portland, Oregon, in 2025.
Credit: Diego M. Radzinschi/ALM
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