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Wells Fargo plans to permanently lay off 112 workers in Raleigh, North Carolina.
The job cuts, announced in a Worker Adjustment and Retraining Notification, or WARN, notice, will be effective on April 4.
The bank identifies opportunities for employees in other parts of the company when possible and provides severance and career counseling.
Wells Fargo announced a series of layoffs last year, eliminating 194 jobs in Winston-Salem, North Carolina, as well as in Iowa and Oregon.
Wells Fargo informed Iowa authorities that it planned 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.
Credit: Diego M. Radzinschi/ALM
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