In the latest round of layoffs, the multinational financial services company Wells Fargo laid off 50 workers from its downtown Portland office, primarily from the Financial Crimes Division.
According to Wells Fargo, the company is consolidating corporate jobs in central locations. While the company indicated that it remains committed to working with local clients in the Portland area, the 50 layoffs are at Wells Fargo Center on Southwest Fifth Avenue.
Over 11,000 Oregon workers were laid off over the past 19 months. The state’s unemployment rate is currently 5.0%, having risen steadily over the past two years…