Home Procurement NewsWells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom

Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom

December 5, 2023•

Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.

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Last modified: December 5, 2023

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