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The anticipated workforce reduction aligns with wells fargo’s ongoing efforts to improve efficiency. Wells fargo expects more cuts to its workforce and sees higher severance expenses in the current fourth quarter, ceo charlie scharf said on tuesday, adding that artificial intelligence was set to. Open a wells fargo checking account online in minutes Get mobile banking, bill pay, and access to more than 11,000 atms.
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.
