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Wells Fargo Cutting About 80 Jobs

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DES MOINES, Iowa (AP) - About 80 Des Moines-area workers will lose jobs as part of Wells Fargo's latest round of layoffs.

The Des Moines Register saysWells Fargo announced Wednesday that it's laying off 700 employees nationwide.

Wells Mortgage spokeswoman Angela Kaipust says a drop in mortgage originations is causing the layoffs.

The bank is the largest employer in the Des Moines area, with more than 13,000 employees.