Robert Evans+FollowWells Fargo’s Big Bet: Fewer Tellers, More Tech?Wells Fargo just let go of 5,600 employees and paid out $612 million in severance, all to slim down and (hopefully) speed up. The bank’s hoping that a leaner team and more AI will mean better service and bigger profits in the long run, but for now, it’s a rough ride—expect longer waits at branches and more chatbot chats. Investors? Not thrilled. If you bank there, keep an eye on those digital updates! #Business #EntrepreneurshipStartup #WellsFargo00Share
Keith Bass+FollowWells Fargo Layoffs: What It Means for YouWells Fargo just let go of 5,600 employees and had to shell out $612 million in severance. That’s a lot of coffee runs and rent checks! The bank’s profits took a hit, and their stock price dipped. For regular folks, this means banks are still trimming jobs as they invest in tech, so keep an eye on your accounts and don’t be surprised if you see more digital services and fewer human tellers. #Business #EntrepreneurshipStartup #WellsFargo21Share
Tristan Richards+FollowWells Fargo Leans Into AI, More Job Cuts AheadHeads up if you bank or work at Wells Fargo: the CEO just said more job cuts are coming soon, and AI is a big reason why. The bank’s using new tech to get more done with fewer people, especially in areas like customer service and compliance. For consumers, this could mean faster service, but for employees, it’s a reminder that AI is shaking up traditional jobs. Time to brush up on those tech skills! #Business #EntrepreneurshipStartup #WellsFargo00Share
