U.S. Bank to lay off 40 in Brookfield

Mortgage loan processing positions eliminated

Minneapolis-based U.S. Bancorp plans to lay off 40 employees from a Brookfield office, according to a new filing with the state.

The WARN notice indicates the employees affected work at 16900 W. Capitol Drive in Brookfield. The first layoffs will begin April 5.

The positions impacted are related to mortgage loan processing.

As of 2010, U.S. Bancorp had a 115,000-square-foot office building at the site, where it employed about 625 people.

In response to questions about its current employment at the site and the reason for the layoff, a spokesman for U.S. Bank gave the following statement:

“We are a strong, growing company that is continually focused on creating value for those who rely on us. We have added nearly 2,000 jobs in the last year alone throughout the company and will continue to invest and grow in 2019 and beyond. We are always looking at our business to be sure we are reacting to customer preferences while operating as effectively as possible to serve customers. This week, we notified some employees that their positions are being eliminated due to changing business needs. While these separations are always difficult, it is a natural evolution in business. We are providing employees with outplacement assistance and wish them well as they pursue new opportunities.”

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Molly Dill, former BizTimes Milwaukee managing editor.

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