Wells Fargo has confirmed that it will be cutting roles as it closes the business payroll department at its Bloomington office.
Some 200 roles will be cut in the move by the banking giant. Those affected have been told they can apply for other positions in the company for which they’re qualified, otherwise they’ll be offered help finding new jobs.
The layoffs will start on May 24, with impacted workers getting severance based on years of service, and will be allowed to temporarily stay on the company’s health plan.
It comes as Wells Fargo shuts down its Business Payroll Services department, after reaching an agreement to transition its