Wells Fargo to eliminate 120 American jobs in Charlotte area

Wells Fargo announces new round of layoffs in Charlotte area

Wells Fargo has made more layoffs within its Fort Mill mortgage operation, according to a notice filed with the state of South Carolina.

The layoffs stem from the closure of Wells’ reverse-mortgage servicing operating unit, a move impacting 120 jobs, according to the notice this month. Wells Fargo said the closure resulted from an agreement struck last year to transfer all of the reverse-mortgages it had been servicing to another company.

In a statement, Wells Fargo spokesman Josh Dunn said the move will result in the elimination of servicing positions at a call center in Fort Mill.

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