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Wells Fargo CEO warns more job cuts coming as bank expands AI use

CHARLOTTE — Wells Fargo expects more job cuts as they ramp up using artificial intelligence.

The company’s CEO told the Charlotte Observer that he is betting on AI to make banks more efficient.

The company’s largest employee base is in Charlotte. There are roughly 27,000 workers in our area.

Wells Fargo officials did not comment on any local impacts.


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