Thursday, December 11, 2008

BofA to Cut 30,000 to 35,000 jobs

by Calculated Risk on 12/11/2008 04:46:00 PM

From Bloomberg: Bank of America to Cut 30,000 to 35,000 Positions

Bank of America Corp., the third- largest U.S. bank, said it plans to cut 30,000 to 35,000 positions over the next three years because of its acquisition of Merrill Lynch & Co. and the weak economic environment.
Lots of redundancies.