Author Topic: Bank of America Cutbacks  (Read 2011 times)

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Bank of America Cutbacks
« on: September 12, 2011, 05:06:33 PM »
Bank of America plans to cut about 30,000 jobs

Bank of America is to cut 30,000 jobs over the next few years as part of a cost-cutting programme.

The cuts represent about 10% of the company's workforce.

Bank of America wants to save about $5bn (3.2bn) a year as it slims down the bank that was hit hard by the sub-prime mortgage crisis.
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