Finance Layoffs: Wells Fargo lays off 62

Claims for state unemployment insurance benefits are still on the rise. Last week claims rose 15,000 to a seasonally adjusted 576,000, the Labor Department said. The total number of people collecting long-term unemployment benefits was 6.24 million in the week ended Aug. 8, according to the report. Many of those unemployed are unfortunately in the finance industry. The latest layoff announcement in the finance industry is at Wells Fargo & Co. (NYSE:WFC).

Wells Fargo announced that it is closing a mortgage processing center in Durham, N.C. The closure will leave 62 people unemployed, according to The News & Observer. Wells Fargo has eliminated branches and employees working in its mortgage processing centers all month. Last week, 300 people may have gotten laid off in Billings, Mont.

Even though several financial institutions are laying off employees, several are also hiring. Check our job opening pick of the day from The Deal's Career Channel:

IB Ops - NA Project Team Manager at J.P Morgan in New York

For a roundup of all the announced layoffs to date, check out The Deal's Pink slips on Wall Street Dealwatch or any of the links below. Also, feel free to leave us any layoff or hiring rumors you are hearing. - Maria Woehr

Follow me on Twitter @newsgirlmw or join our Facebook Group.

Also see:
Finance Layoffs: Colonial BancGroup and more
Finance Layoffs: Sovereign Bancorp and more

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