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Wells Fargo to cut jobs in Charlotte

CHARLOTTE, N.C. — Wells Fargo is cutting jobs in Charlotte, bank officials said.

The company did not say how many people would be affected.

Officials said in a statement that cutting jobs is part of the company's ongoing efforts to "become more efficient and effective" and "reduce expenses."

"Wells Fargo is committed to retaining as many of its team members as it can and, where possible, will work to identify other internal opportunities or support displaced team members as they transition outside the company," the statement said.

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