Tuesday, July 19, 2011

Wells Fargo Shrinks Mortgage Staff in Breakout Quarter

Wells Fargo & Co. made cuts in its mortgage unit in the second quarter, reducing headcount slightly versus the first quarter this year.

The San Francisco-based lender reduced the number of people on payroll by 3,600 in the three months ended June 30, a 1.3% decrease from the first quarter, bringing total staff to 266,600, according to its quarterly earnings release this morning.

Read the rest of the article at FINS

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