Banking giant, Wells Fargo, cited “changing market conditions” as the primary reason for laying off 125 employees in two Irving, Texas mortgage fulfillment units.
A Wells Fargo spokesman reported that 55 employees were informed of their impending job termination within the last few months, while the remaining 70 were informed just last week. The layoffs, which were confirmed with the Texas Workforce Commission, are part of a nationwide plan that will cut 925 jobs.
Unfortunately, in the current economic climate, layoffs are not an uncommon phenomenon. However, should a person be terminated for unfair reasons, a competent and experienced employment lawyer can advocate for them. If you think your employee rights are being infringed upon by an Austin employer, contact the attorneys of The Melton Law Firm at (512) 330-0017 to find out what we can do for you.