Bottomed out? Bank of America Slashing 16K Jobs
This can’t be. The media is telling us the economy has bottomed out! Someone better call BoA.
Bank of America is the biggest banking employer in the US, but it has accelerated plans that will see it lose that title to rivals, reports the Wall Street Journal. The bank aims to cut 16,000 jobs by the end of the year, allowing it to reach chief executive Brian Moynihans target of shedding 30,000 jobs a year ahead of schedule.