Cortez Masto slams Wells Fargo for laying off hundreds in Reno, outsourcing jobs
One of Nevada's top politicians is questioning Wells Fargo’s decision to lay off hundreds of Reno employees and outsourcing call center jobs despite reaping significant benefits from the tax cuts passed last year.
In a letter to Wells Fargo CEO Timothy Sloan obtained by the Reno Gazette Journal on Wednesday, U.S. Senator Catherine Cortez Masto, D-Nev., slammed the company for laying off about 340 employees after it announced plans in June to close its Reno call center.
Cortez Masto questioned the timing of the layoffs, which is occurring just six months after the passage of the tax reform bill that was signed into law by President Donald Trump in December.
“It is alarming that these layoffs are occurring despite the astronomical benefits that Wells Fargo will receive from the recently passed Tax Cut and Jobs Act of 2017,” Cortez Masto wrote.
Read more: https://www.rgj.com/story/money/business/2018/08/01/cortez-masto-wells-fargo-reno-layoffs-outsourcing-jobs-call-center/881861002/
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