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Bank of America to cut 35,000 jobs?

Comp5569
Regular Contributor

Bank of America to cut 35,000 jobs?

NEW YORK (CNNMoney.com) -- Bank of America said Thursday it plans to slash up to 35,000 jobs over the next three years as it absorbs Merrill Lynch and contends with the deepening recession.

 

Please read this message regarding how to properly quote articles.  Articles like this should generally be placed in the "Credit in the News" forum.

Message Edited by WhirledPeasPlease on 12-11-2008 08:23 PM
Message 1 of 4
3 REPLIES 3
fender
Established Contributor

Re: Bank of America to cut 35,000 jobs?

Not surprising.. thats what happens when big business buys big business, lots of redundant jobs. 
"WTB Access Number"
Message 2 of 4
wmarat
Valued Contributor

Re: Bank of America to cut 35,000 jobs?

Over 3 years, within those 3 years BOA will hire 30000 workers at lesser cost.

IN VINO VERITAS.
Message 3 of 4
KingAdrock
Established Contributor

Re: Bank of America to cut 35,000 jobs?

This is the source article. Note they say "may", as this is all media speculation. BofA is sure to cut jobs, but I'd be shocked to see 35,000.
Message 4 of 4
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