A Massive US Bank is Now Cutting Jobs in Oregon

July 24, 2024

A massive US bank is now cutting jobs in Oregon according to a WARN filing with the state’s Higher Education Coordinating Commission.

Wells Fargo has announced that a total of 95 employees at a corporate office in Oregon have now been laid off.

It’s important to note that the Worker Adjustment and Retraining (WARN) Act requires a 60 days’ advance notice for large-scale layoffs.

Wells Fargo has filed the required notice with the Oregon Higher Education Coordinating Commission advising them of the job cuts in the state of Oregon.

The company issued the following letter:

“This letter is provided to inform you of position adjustments Wells Fargo plans to make in your community.

We regularly review and adjust our staffing levels to match the needs of our business.

Pursuant to the Federal Worker Adjustment and Retraining Notification Act, this letter is to provide notice that Wells Fargo leaders have made the decision to exit the Global Operations business group within the Chief Operating Office business unit, impacting ninety-five (95) employees at the address below:”

10500 NE Walker Rd
Hillsboro, OR 97006

Last year Wells Fargo laid off a total of 316 staff at a call center in Oregon.

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Also Read: A Massive US Bank is Now Closing Credit Cards

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A banker is now convicted for stealing money from customers while working at Bank of America over a 10-year period.

The personal banker was arrested after her years-long scam, resulting in nearly $300,000 being stolen, came to light.

Police in Seneca, South Carolina said they received a report in 2013 about missing money from an account with Bank of America.

The victim, who also reported the incident to the Customer Service department, told police he was missing around $30,000.

Investigators worked with Bank of America for several weeks after the crime was reported and learned that an employee who had been stealing money from several people in Oconee County.

The police said the victims would use the Bank of America location in Seneca as their primary bank and Bobbi Cortese was their personal banker.

Seneca Police investigators and the US Secret Service spent nearly a decade doing more interviews.

Meanwhile, Bank of America was given time to complete an internal investigation.

It was revealed that Cortese had stolen nearly $300,000 from four people while working at the bank.

Some of the money was in the victims’ bank accounts for life insurance payouts related to the deaths of their spouses.

Others had a lifetime of earnings that was supposed to be used for their retirement, said police.

Cortese would open accounts under the victims’ names without their knowledge or consent and would perform a “shell game.”

This is when a scammer uses the money from one victim to replace what she stole from another victim.

After investigating further, police said Cortese forged several documents and issued them to the victims to hide the theft.

She committed these acts for about four years while working at the Bank of America, said police.

Cortese was arrested in May 2023 and charged with four counts of breach of trust and two counts of forgery.

She was later fired by the bank, reports The-Sun.

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Also Read: A Massive Bank Now Freezes Money From Direct Deposits

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