Bank of America (BAC: 7.00, +0.02, +0.29%) disclosed plans on Monday to axe 30,000 jobs in an effort to slash spending at the nation’s largest bank amid increased economic and market turmoil.
The job cuts mark one of the largest mass layoffs in the U.S. in recent years and come as a slew of financial-services companies attempt to reduce expenses.
Charlotte-based BofA said it expects to eliminate 30,000 jobs over the next few years. Much of that reduction will come through attrition and the elimination of appropriate unfilled roles.
2 comments:
Hmmmm....last week we heard they were getting sued for the stimulus not working.....I don't think barack is trying to create any jobs. Really this kinda stuff is good if people pay attention. We know what to expect out of him, and he just wants more people on welfare
Pay attention to the BONUS paid to the CEO next year.
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