“After carefully evaluation marketing conditions and consumer needs, we are reducing 137 team members to better align with current volumes,” Wells Fargo Central Florida spokeswoman Gabriela Lambertus says in a statement.
The statement goes on to note that employees were given 60 days notice. The company says it’s committed to retaining as many team members as possible.
According to a report from the National Association of Realtors earlier this week, in July, U.S. home sales fell 0.7 percent.
Meanwhile, the U.S. Department of Commerce reported this week that new home sales are currently at a nine-month low.
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This article appears in Aug 22-28, 2018.