ABC 20 Streaming LiveSpotlight 20Pump PatrolRaw NewsIn the KitchenKnow Your Candidates

Forecast

TONIGHT: Mostly clear and cold. Breezy in the evening with widespread frost after Midnight. Low: 25. Winds: North 10-20 mph, gusting to 25 mph.SATURDAY: Sunny. High: 46. Winds: North 5-10 mph.Ric ...

more »

Advertise with us!

Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

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.


 
  • WICS :: News - Tracking Ebola

    Tracking Ebola



  • WICS :: News - Know Your Candidates

    Know Your Candidates

    Learn about the candidates running for office near you!
  • WICS :: News - Traffic

    Traffic

    Get up to the minute traffic reports from WICS NewsChannel 20!
  • WICS :: News - Road Trippin News

    Road Trippin News

    Missed a Road Trippin segment that aired in the news? Check it out here!
  • WICS :: News - Health Matters

    Health Matters

    Featuring news segment videos about health.
  • WICS :: News - In The Kitchen

    In The Kitchen

    Watch the area's best chefs whip up their tastiest creations. See them in action and get their recipes to try at home. 
  • WICS :: News - Behind The Headlines

    Behind The Headlines

    Get Behind the Headlines commentary with Mark Hyman.
  • WICS :: News - Ready, Set, Shred

    Ready, Set, Shred

    In an exclusive eight-week investigation, ABC Newschannel 20 digs deep into the Springfield police document shredding scandal.
  • WICS :: News - Pay it Forward

    Pay it Forward

    Pay It Forward... because sometimes people need a little extra help.
  • WICS :: News - Ask the Expert

    Ask the Expert

    Do you need expert advice? Here's your chance to ask our experts!
  • WICS :: News - Your Voice. Your Future.

    Your Voice. Your Future.

    As the country faces challenges from federal budget issues to jobs and national debt, your voice is critical to the future.
  • WICS :: News - Road Trippin

    Road Trippin

    Come Road Trippin' with us! Check out all the great attractions in your area!
  • WICS :: News - Pump Patrol

    Pump Patrol

    Check out the ABC Newschannel 20's Pump Patrol to find the lowest prices, report low prices and get gas saving tips.

  • WICS :: News - Spotlight 20

    Spotlight 20

    Local organizations and community leaders tell us about events in central Illinois.
  • WICS :: News - Raw News

    Raw News

    Watch extra news footage, full interviews, and extended stories that didn't make it on air.  "Raw News" may include content that is not suitable for children and is intended for mature audiences only.
  • WICS :: News - On the Farm

    On the Farm

    Whether it's topical segments on what's happening on local farms to commodity prices, we have the world of central Illinois agriculture covered.
  • WICS :: News - Fugitive Files

    Fugitive Files



  • WICS :: News - Home Room

    Home Room

    When's the next school board meeting? Where's the basketball game? What's for lunch today? Do we have a snow day tomorrow? We have all the information you need for a successful school year--no pencil or ...
  • WICS :: News - No Text Zone

    No Text Zone

    Texting while driving kills thousands of people each year. Many more are seriously injured.  Keep central Illinois roads safe by taking the "No Text Zone" pledge.
  • WICS :: News - Business News

    Business News

    Stay up-to-date on the biggest business stories from around the nation.
  • WICS :: News - Pet of the Week

    Pet of the Week

    The cutest video you'll see anywhere! You won't be able to resist these adorable friends who need someone to love them.
  • WICS :: News - Waste Watch

    Waste Watch

    How are your tax dollars being spent? Waste Watch tracks whether local, state and federal governments are using your money wisely...or wasting it.
  • WICS :: News - Washington Times

    Washington Times

    Politics, Breaking News, US and World News.
  • WICS :: News - Health Care Reform

    Health Care Reform

    The Supreme Court ruling to uphold the Affordable Care Act sparked a new battle. Check here daily for the latest developments, locally and across the country.

more »

Tonight on WICS

7:00pm
Last Man Standing
Mike gives Mandy business advice, but she decides to do things her own way. TV-PG

7:31pm
Cristela
Cristela persuades Maddie to dress up like Hall & Oates with her. TV-PG

8:00pm
Shark Tank
Exercise clothing that provides hyper-gravity weight training; beard oils and mustache waxes. TV-PG

9:01pm
20/20
Investigative reporting.

10:00pm
Newschannel 20 at 10

10:35pm
Jimmy Kimmel Live!
Halloween costume pageant; actor Andy Samberg; actress Rosie Perez; The Flaming Lips perform. TV-14

11:37pm
Nightline
On the Hunt for Killer Caimans; Cronut Creator Reveals How to Make Secret Recipe at Home

 


Complete Schedule »


WICS Pay It Forward
Scandal
WICS Cheers For The Years
Jimmy Kimmel
WICS Storm Team