Wells Fargo to lay off 320 Henrico County employees

Jobs to move to bank's larger offices

Published February 1, 2021 by Sydney Lake

The investment management and financial brokerage business unit of Wells Fargo & Co., Virginia’s third-largest bank by 2019 deposits, will lay off 320 employees from its Henrico County office.

The wealth and investment management jobs are moving to some of the bank’s larger locations, Wells Fargo Advisors spokesperson Shea Leordeanu said in a statement. Wells Fargo’s Henrico County office is located at 4340 Innslake Drive in the Innsbrook business complex. The bank employs approximately 2,000 additional people there.

“We are committed to retaining as many employees as possible and will assist with the transition,” Leordeanu said in a statement.

The jobs are operations roles that support Wells Fargo’s brokerage and are not client-facing positions.

“Always putting our clients first continues to be a Wells Fargo and Wealth & Investment Management (WIM) priority,” Leordeanu said in a statement. “We are simplifying the way we do business.”

The company filed a WARN Act notice on Jan. 21 to notify the 320 affected employees of the layoffs.

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