LayoffBlog.com

December 11, 2008

Bank of America to cut up to 35,000 jobs

According to MarketWatch: “Bank of America said late Thursday that it plans to cut up to 35,000 jobs over the next three years as the giant lender adjusts to a recession and completes the pending acquisition of brokerage firm Merrill Lynch.”

2 Comments »

  1. Why am I not surprised? A new branch has appeared in every neighborhood of Chicago over the last few years, in addition to converting the Lasalle Bank branches. Why did banks need so much real estate?

    Comment by David — December 11, 2008 @ 7:30 pm | Reply

  2. […] to purchase wounded investment firm Merrill Lynch & Co. in September. Last month, it said it expected to cut 30,000 to 35,000 jobs, or about 10 percent of the combined work force, over the next three years as a result of the […]

    Pingback by Bank of America lays off nearly 140 in Charlotte, NC « LayoffBlog.com — January 14, 2009 @ 7:52 am | Reply


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