Wells Fargo to Cut Almost 600 Jobs in Winterville

4/18/18

By Ana Irizarry, NCBIZNews

Wells Fargo will layoff 593 employees at its Winterville, North Carolina, service center at 1451 Thomas Langston Road, according to a filing with the N.C. Department of Commerce.

The notice said affected employees may receive a formal, written notice between June 21 and Oct. 18.

“Some team members will be offered the opportunity to relocate to other locations, including one site in Raleigh, N.C., or may be assigned to work remotely,” the notice said.

The layoffs are a result of the bank’s decision to close its Wells Fargo Auto, Corporate Finance, Corporate Risk, Enterprise HR Solution, Enterprise Information Technology, Marketing, Operations and Operational Risk and Compliance business units at the Winterville location.

Due to the Worker Adjustment and Retraining Notification Act, companies are required to submit WARN notices to the state Department of Commerce to announce pending layoffs.

So far in 2018, over 3,700 North Carolina workers have lost their jobs through layoffs accounted by WARN notices.

The Wells Fargo 593-employee layoff in Winterville is the biggest of the year, followed by a layoff of 353 employees in Durham by SSC Service Solutions.

North Carolina’s 2018 WARN summary can be found here.