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Mass Layoffs at Springfield Wells Fargo
Financial giant Wells Fargo is blaming the housing market for mass layoffs.
More than 70 employees of the Springfield Wells Fargo branch were given a pink slip Wednesday at a surprise meeting. Former Loan Document Specialist Jessica Wilson was one of them.
"We were given 60 days notice and [told] that we should start looking for another job," Wilson said.
Wilson's husband was also laid off, from Case, months ago. That was around the same time Jessica was given the opportunity to work at Wells Fargo.
"I thought that with how big of a company it was that my job was secure," Wilson said.
Wilson is not alone. Several employees told us Wells Fargo recently assured them their positions were safe because a lot of people were buying and refinancing homes.
"I just feel like you kind of wonder who's next, what's next," former Wells Fargo Loan Document Specialist Anthony Pier said. "This is a big corporation and you just never think that it's going to happen to you."
"I have two college degrees and they don't seem to be doing me any good right now," Wilson said.
The company vows to pay the recently pink-slipped employees for 60 days while they look for other jobs.
Pier gives them some advice.
"Look into taking some state tests, put applications in," Pier said. "Just do everything you possibly can. It doesn't stop here. You know one door closes to another opportunity and you know good things can happen because of this."
Wells Fargo said the company is hoping to soften the blow by finding new positions for those impacted by Wednesday's layoffs. All employees given the pink slip were from the Loan Documentation Specialist Department.