Wells Fargo has cut 79,000 jobs over six years, citing artificial intelligence and technology advancements as key drivers for further workforce reductions.

Five major US banks cut over 10,000 jobs in Q2 2026, the largest quarterly reduction in six years, as AI-driven productivity gains reshape Wall Street

Wells Fargo has cut 79,000 jobs over six years, citing artificial intelligence and technology advancements as key drivers for further workforce reductions.