Wells Fargo expects more job cuts, will roll out AI gradually in 2026

By Pritam Biswas and Lananh Nguyen Dec 9 (Reuters) - 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 change the way its business works. "We have gone ‌through the budgeting process, and even pre-artificial intelligence, we do expect to have less people as we go into next year," Scharf said ‌on the sidelines of a Goldman Sachs financial services conference. ...