Wells Fargo reduces headcount 7% amid continued AI implementation
$1.85T bank reported $6.4B in Q2 net income, up 14.3% YoY
In its efforts to increase efficiency and reduce headcount, Wells Fargo continues to invest in AI and in the second quarter launched Advisor Gateway, an AI-enabled desktop platform, to support the bank’s thousands of financial advisers. The AI-driven Advisory Gateway “gives advisers better tools to serve clients and grow their practices,” Chief Executive Charlie Scharf […]
