Associated Press
August 20, 2011
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.
2 Responses to “Reports: Bank of America to ax 10,000 or more jobs”
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I would love too see this criminal banking cartel (BoA) closed perminately and out of business. They are by far the worst bank in America and have ripped off taxpayers and homeowners for billions of dollars. They are forcing families and seniors out of their homes without any mercy or compassion. Their exectutives and Directors are ruthless scumbags who should be behind bars.
I was a victim of a Capital One layoff in 2004. On our work site alone they let go of about 1100 of us. Yep…sent our $15 an hour jobs overseas.