Wells Fargo CEO Says More Job Cuts Coming at the Bank as AI Prompts ‘Efficiency’
Wells Fargo expects more job cuts and higher severance costs in this quarter that ends in three weeks, bank CEO and President Charlie Scharf said Tuesday at an investors conference in New York. He’s also betting on AI to drive efficiency and, eventually, further workforce reduction.From a report: “As we’ve gone through th … ⌘ Read more