Wells Fargo announces second round of jobs cuts in metro Denver this summer

Wells Fargo, the state’s largest bank, plans to cut about 70 jobs at its Chief Operating Office Global Operations business unit in Greenwood Village, according to a notification sent to the Colorado Department of Labor and Employment on Tuesday.

“The affected employees who do not relocate or secure other positions within the company will be eligible to receive paid severance benefits based on years of service and the opportunity to continue participating in the company’s health plans at active rates for a period of time,” Ashley Frazier, an executive in the bank’s Displacements Advisory Group wrote the state in a Worker Adjustment and Retraining Notification Act or WARN letter.

Frazier said more specific information on job titles involved, notice dates and number of displaced employees would follow once official written notices went out. The layoffs are being made at 5700 S. DTC Parkway, Building 15.