Bank Of America To Eliminate 40,000 Jobs
The Bank of America Corporation officials is going to eliminate at least 40,000 positions during the first wave of restructuring, which Chief Executive Brian Moynihan expected to discuss Monday. According to reports, the figures are yet to change awaiting the discussion. It is not yet final and could change after deliberations from the meeting are met. But it is going to be a very dramatic retrenchment that reflects the deepening woes of the country's largest bank and the magnitude of the U.S. economic slowdown.
Restructuring Of Bank Of America
The Bank of America restructuring is going to reduce the bank's work force. In fact, Mr. Moynihan may not discuss a job-cut number during next week's presentation at the Barclays Capital 2011 Global Financial Services Conference in New York. But it will surely boil down to slash 40,000 or more jobs nationwide, one source said. The layoffs will come mainly from the Bank of America's sprawling consumer-banking operations.
As a result, this will take a heavy toll on branches, loan centers and other offices throughout California.
SPEAKING OF THIS SCUMBAG, I COULD HAVE GOTTEN $100 AND $200 IF I OPENED SOMETHING I'M PRETTY SURE I CAN GO FOR THE LATTER, BUT ONCE I GET IT I'M CLOSING IT ASAP -- I DON'T WANT THIS SCUMBAG HOLDING EVEN $0.01 OF MY MONEY
Eleetnessful 5 months ago
IF I WERE AN ANALYST AT THIS COMPANY OR A SCUMBAG COMPANY (WHOSE NAME I CAN'T MENTION) I WOULD LITERALLY GO TO A DIFFERENT IB #1 REASON BEING: I FEEL DIRTY JUST BEING AN EMPLOYEE HERE
Eleetnessful 5 months ago