Wells Fargo Layoffs 2024 Response. Tesla shares dropped about 2% on wednesday after wells fargo raised concerns over the waning impact of price cuts by the world's most valuable automaker on the demand for its electric vehicles and. According to a statement from wells fargo ceo charlie scharf, the company is planning to pay out severance costs between $750 million to $1 billion during its fiscal fourth quarter of 2023.
In that report, analysts expect wells fargo to post earnings of $1.09 per share. Wells fargo’s continued layoffs come as no surprise.