Wells Fargo cutting about 80 Des Moines-area jobs

DES MOINES, Iowa (AP) - About 80 Des Moines-area workers will lose jobs as part of Wells Fargo’s latest round of layoffs.

The Des Moines Register says (https://dmreg.co/OFTugU ) Wells Fargo announced Wednesday that it’s laying off 700 employees nationwide.

Wells Mortgage spokeswoman Angela Kaipust says a drop in mortgage originations is causing the layoffs.

The bank is the largest employer in the Des Moines area, with more than 13,000 employees.

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Information from: The Des Moines Register, https://www.desmoinesregister.com