Aug 22, 2013 at 7:25 am
ST. PAUL, Minn. (AP) More than 150 employees in the Twin Cities are among about 2,300 workers being laid off by Wells Fargo Home Mortgage.
The lender says it's reducing staff because a recent bump in interest rates has slowed consumer demand for refinancing. In the Twin Cities, 161 employees will lose their jobs.
Wells Fargo employs about 20,000 people in Minnesota.
Temp: 32°F (0°C)
Wind: 9 N
Weather: light snow, mist