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Wells Fargo Cutting Hundreds Of Jobs

Wells Fargo Bank
Wells Fargo Bank

Minneapolis (MNN) -- Wells Fargo is cutting 700 mortgage-related workers, including just over 200 in the Twin Cities.

The Minneapolis/St. Paul Business Journal is reporting that the bank told employees that the cuts are being made because demand for mortgages continues to shrink. Most of the Minnesota pink slips were handed out at the bank's South Minneapolis home mortgage operation.

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