Wells Fargo lays off 120 in Fort Mill, S.C.

Wells Fargo lays off 120 in Fort Mill, S.C.

Wells Fargo & Co. has cut 120 call center positions at its mortgage operations in Fort Mill, S.C. The layoffs stem from the closure of Wells’ reverse-mortgage services unit, a move that followed the company’s decision last year to transfer all of the reverse mortgages it had been servicing to another company. Wells, the largest U.S. mortgage lender, is seeking to shed $4 billion in expenses through the end of 2019.

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