Report: Wells Fargo to cut 400 jobs at Shoreview office

This is in addition to hundreds of other MN workers the bank has laid off this year.
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Wells Fargo will be cutting several hundred more Minnesota jobs soon.

Reports say the banking giant has notified the state it will be laying off 400 jobs at its customer service office in Shoreview.

According to the Star Tribune, the company will phase out the employees at the "operations center" from November through January.

The paper says the cuts are the result of a "recent business review" of the office, and come amid federal restrictions on the bank's growth due in part to its 2016 fraudulent accounts scandal.

KSTP reports the employees include those who "support customer service through phone, email, social and other virtual channels."

The station says the company "will help team members find other job opportunities within the company or local community."

Data from the Minnesota Department of Employment and Economic Development indicates this is not the first time Wells Fargo has laid off Minnesota employees in 2019.

In March, the bank cut 202 positions in Bloomington, and last year, it let 115 employees go in St. Louis Park.

Wells Fargo is based in San Francisco. 

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