http://www.startribune.com/wells-fargo-to-layoff-200-from-bloomington-operation-it-is-closing/507729982/
2 replies (most recent on top)
Welks sold off entire Payroll division in two parts. Company is definitely being sold in pieces (insurance, retirement, payroll, etc.)
Wells desperately needs the money and to stay below the growth cap. Not doing it because they realize the company is too big to manage (which it clearly is).
This was sad - in that large group there is a lady who spent 30+ years with the bank