Wells Fargo cuts 300 jobs in Tempe - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

Wells Fargo cuts 300 jobs in Tempe

(Source: Wells Fargo) (Source: Wells Fargo)
PHOENIX (CBS5) -

Roughly 2,300 Wells Fargo workers got news today that they no longer have a job.

Wells Fargo spokeswoman Lori Brown said 291 of the workers let go were working in Tempe, as well as one employee in Phoenix.

Brown said rising interest rates and notable declines in mortgage refinancing led to the layoffs.

"While interest rates remain very favorable by historical standards for homebuyers, a recent rise in rates has affected consumer demand for mortgage refinancing, causing volumes to fall below what we experienced throughout 2012 and early 2013," Brown said.

Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved. 

 

 

  • FOX19 HeadlinesMore>>

  • White House: No plans by Trump to fire Mueller, Rosenstein

    White House: No plans by Trump to fire Mueller, Rosenstein

    Sunday, April 22 2018 2:05 PM EDT2018-04-22 18:05:12 GMT
    Sunday, April 22 2018 6:06 PM EDT2018-04-22 22:06:48 GMT
    (AP Photo/Carolyn Kaster, File). FILE - In this Nov. 20, 2016, file photo, then-President-elect Donald Trump, right, and former New York Mayor Rudy Giuliani pose for photographs as Giuliani arrives at the Trump National Golf Club Bedminster clubhouse i...(AP Photo/Carolyn Kaster, File). FILE - In this Nov. 20, 2016, file photo, then-President-elect Donald Trump, right, and former New York Mayor Rudy Giuliani pose for photographs as Giuliani arrives at the Trump National Golf Club Bedminster clubhouse i...

    The White House says President Donald Trump has no intention of firing special counsel Robert Mueller and Deputy Attorney General Rod Rosenstein.

    Full Story >

    The White House says President Donald Trump has no intention of firing special counsel Robert Mueller and Deputy Attorney General Rod Rosenstein.

    Full Story >
  • Macron to push Trump on Iran deal, says there's no 'Plan B'

    Macron to push Trump on Iran deal, says there's no 'Plan B'

    Sunday, April 22 2018 11:04 AM EDT2018-04-22 15:04:45 GMT
    Sunday, April 22 2018 6:06 PM EDT2018-04-22 22:06:40 GMT
    (AP Photo/Michel Euler). France's President Emmanuel Macron walks out of the lobby of the Elysee Palace in Paris, Friday, April 20, 2018, to welcome Senegalese President Macky Sall. Senegalese President Macky Sall is in France for a five-day visit.(AP Photo/Michel Euler). France's President Emmanuel Macron walks out of the lobby of the Elysee Palace in Paris, Friday, April 20, 2018, to welcome Senegalese President Macky Sall. Senegalese President Macky Sall is in France for a five-day visit.

    French President Emmanuel Macron is urging U.S. President Donald Trump to stick with the Iranian nuclear accord, arguing that there's no "Plan B".

    Full Story >

    French President Emmanuel Macron is urging U.S. President Donald Trump to stick with the Iranian nuclear accord, arguing that there's no "Plan B".

    Full Story >
  • Despite denials, lobbyist tied to condo met with EPA chief

    Despite denials, lobbyist tied to condo met with EPA chief

    Sunday, April 22 2018 12:24 AM EDT2018-04-22 04:24:34 GMT
    Sunday, April 22 2018 6:06 PM EDT2018-04-22 22:06:28 GMT
    (AP Photo/Andrew Harnik, File). FILE - In this Tuesday, April 3, 2018, file photo, Environmental Protection Agency Administrator Scott Pruitt attends a news conference at the EPA in Washington, on his decision to scrap Obama administration fuel standar...(AP Photo/Andrew Harnik, File). FILE - In this Tuesday, April 3, 2018, file photo, Environmental Protection Agency Administrator Scott Pruitt attends a news conference at the EPA in Washington, on his decision to scrap Obama administration fuel standar...

    In spite of denials, EPA chief Scott Pruitt did meet in his office last year with a veteran Washington lobbyist tied to the bargain-priced condo where he was living.

    Full Story >

    In spite of denials, EPA chief Scott Pruitt did meet in his office last year with a veteran Washington lobbyist tied to the bargain-priced condo where he was living.

    Full Story >
Powered by Frankly