Wells Fargo firing over 100 employees from Orlando office

One of the largest banks in the world is terminating over 100 employees from one of its Orlando offices.

In a filing to the Florida Department of Economic Opportunity, the North Carolina-based company stated that it will layoff 103 employees as part of its decision to “exit one of the operations business units within the Consumer and Small Business Banking division.”

Wells Fargo made the announcement in compliance with the Worker Adjustment and Retraining Notification (WARN) Act, which requires employers to provide notification at least 60 calendar days in advance of covered office closings and mass layoffs.

“Employee reductions are never easy for either the employees or for Wells Fargo. We will make every effort to minimize the impact and ease the transition for our affected employees,” reads the filing. The company says the affected employees do not have “bumping rights and are not represented by a union.”

According to the filing, most, if not all, of the affected employees are expected to accept severance benefits based on years of service. The company also says many will continue to participate in the company’s health plans at active rates for a period of time.

Founded in 1852, Wells Fargo currently operates at least two dozen bank branches and automatic teller machines across the Orlando area.

The mass layoff is one of several happening in the Orlando area, according to multiple WARN filings with the state.

Last month, Robinhood Markets, Inc. announced that it would lay off 61 employees from its office in Lake Mary. Those layoffs are scheduled to take place on September 1, according to the WARN filing.

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