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The San Francisco-based banking giant told Colorado regulators that it plans to cut 70 jobs in its Chief Operating Office Global Operations business center.
DENVER — Wells Fargo will cut dozens more Denver jobs this year with the end of a business unit in the Denver Tech Center.
The San Francisco-based banking giant (NYSE: WFC) told Colorado regulators this week that it plans to cut 70 jobs that are part of its Chief Operating Office Global Operations business unit.
The office is responsible for building a more unified and integrated approach to the bank’s business operations such as call centers and lending operations, according to the Wells Fargo website.
The tech center office is located at 5700 S DTC Parkway, in Greenwood Village, according to the Worker Adjustment and Retraining Notification (WARN) letter Wells Fargo sent to the Colorado Department of Labor and Employment.
The layoffs are the second round of Denver-focused layoffs announced by Wells Fargo this summer. The bank let go of 80 employees on Aug. 1. Those cuts were effective at Wells Fargo’s downtown office at 1700 Lincoln St., where the bank said it was ending internal auditing work.
Employees were notified of the new cuts Tuesday but will receive formal communications that allow a 60-day notice period in the third and fourth quarters of the year, according to the WARN letter.
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