Wall Street Journal ... 09/21/12
Today Bank of America (BAC)
CEO, Brian Moynihan, announced the company was preparing to lay off as
many as 16,000 employees before the end of the year. Bank of America is
currently the largest employer in the U.S. banking industry. However,
such a reduction in head count would give it a smaller workforce than
J.P. Morgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC).
Other reported news says the cuts will begin on 09/27/12.
Bank of America would not confirm Thursday published reports that the bank planned to eliminate 16,000 jobs across the company by the end of the year.
Read more here: http://www.charlotteobserver.com/2012/09/21/3544653/bofa-declines-to-confirm-job-cuts.html#storylink=cpy
BAC has already sold its field services operations.
Recent Comments