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Wells Fargo announces another round of layoffs in Denver, bringing total to 150 jobs in 2024

By 08/26/2024 | updated 1 year ago
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Wells Fargo told the state of Colorado it plans to shutter its chief operating office in Greenwood Village, affecting 70 jobs, according to a letter sent Aug. 20, 2024.

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Wells Fargo notified the Colorado Department of Labor and Employment in a letter last week that it plans to cut 70 workers in Denver through a second round of layoffs, bringing the total number of cuts to 150 jobs in 2024.

The finance corporation said on Aug. 20 that it plans to shutter its Chief Operating Office Global Operations office in Greenwood Village, which will affect 70 employees.

According to the bank’s website, the unit is responsible for managing the company’s operations and risk.

The letter said the layoffs will begin at the end of the third quarter and continue through the end of the year. According to Wells Fargo, some workers may be able to transfer departments within the company. The company said those not eligible to transfer will be offered severance packages.

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It is the company’s second round of layoffs in Denver this year.

In June, Wells Fargo sent its first letter to the state, as required by the Worker Adjustment and Retraining Notification Act, announcing it would close its Internal Audit unit in its downtown Denver office, also known as the Cash Register building.

The first round of layoffs was expected to affect 80 workers in Denver. The second round brought the year’s total to 150 jobs in the metro region.

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