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Wells Fargo layoffs hit Roseville
Wells Fargo will eliminate 62 positions at a Roseville lending administration center as it changes how it does business in Northern California. The cuts will come at the company’s Small Business Administration Lending Center on East Roseville Parkway, according to a notice the banking giant is required to give the state. The largest portion of job eliminations, more than a dozen, would come in loan processing, the report said. Phone support, underwriters and closing officers would also be slashed. Wells Fargo Spokeswoman Julie Campbell said the layoffs come as Wells “reorganizes” its Roseville and San Jose SBA operations following the company’s takeover of Wachovia Corp. last year. Still, it was unclear how the Roseville head count would eventually shape up. Roseville will see the elimination of credit, loan closing and backroom functions, Campbell said. But it will see some of those layoffs offset by an increase in loan-servicing operations, which is being moved from San Jose to Roseville. And Campbell said some of the laid off positions in Roseville will relocate to a new operating hub in Charlotte, N.C. “So there won’t be a whole lot of job loss,” Campbell said. In an e-mail, she wrote, “As always in our company, people come first. Our goal is to retain as many of these talented team members as possible so they can continue to grow with Wells Fargo. “When we made this announcement, we gave team members 90-day notices. Many team members are currently researching other positions in the company.” Last week, Wells announced it was closing 122 California as part of its merger with Wachovia – including 101 Wachovia branches and 21 Wells Fargo ones. There was no list released on branches that could be closed, but the closures would occur in April, Wells officials said. The layoffs won’t help Roseville’s unemployment rate, which ticked back up to 11.7 percent in October, up a shade from September’s reading of 11.4, according to the Employment Development Department. In the entire Placer County, some 20,200 people are out of work, or 11.6 percent of the workforce.
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People first...yeah, right! How many people are losing their jobs as a result of the merger with Wachovia? 21st Century Insurance, last week, closed their California call center. Don't know where those jobs went.