- Joined Nov 20, 2003
Bank of America Corp. is cutting 3,500 employees this quarter and working on restructuring plans that will ax several thousand more jobs, The Wall Street Journal and The New York Times reported citing people familiar with the situation.
The reports Friday said that the job cuts at the biggest U.S. bank by assets might exceed 10,000 or about 3.5 percent of its current work force.
This bank is a joke. Cutting jobs in the name of greed, how about exec pay reduction? Nope, little guys first.