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Friday, August 19, 2011

Bank Of America To Cut Thousands of Jobs In Restructure

Bank of America Corp. is cutting 3,500 jobs in the current quarter and working on a broader restructuring that could eliminate thousands of additional positions, The Wall Street Journal reported in its Friday edition, citing people familiar with the situation.

The 3,500 positions are spread across the nation's largest bank by assets, including investment banking and trading, and the cuts are expected to be completed by the end of September. Some employees already have been notified.

3 comments:

Anonymous said...

obamie does it again! hire a mexican and see the country go!

lmclain said...

Jobs cuts completed by the end of September. Multi-million dollar bonus awarded to the CEO by the end of October.

Anonymous said...

Yeah 4:35 I am sure its a bunch of mexicans taking those bank jobs.