Report: Thousands of BofA layoffs coming this week

Started by McHale

almost 17 years ago

Posts: 399

Member since: Oct 2008

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Bank of America Corp. is expected to cut thousands of jobs in its capital markets business starting this week, and many will likely come from New York, a report says. This won't have any repercussions on City Real Estate right? http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20090120/FREE/901209958

Response by TripleP

almost 17 years ago

Posts: 127

Member since: Dec 2008

This is not just BofA -- this is BofA *and* Merrill Lynch. They are laying off ~40% of their people as there are far too many redundant jobs after the merger. That, and the fact that the combined entity is not exactly printing cash.

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Response by LP1

almost 17 years ago

Posts: 242

Member since: Feb 2008

http://dealbreaker.com/2009/01/layoffs-watch-09-bac-3.php

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