Bank of America to Cut 30,000 to 35,000 Positions

[katty]

more: http://www.bloomberg.com/apps/news?pid=20601087&sid=aA9Fg.y2xCy8&refer=home

Bank of America to Cut 30,000 to 35,000 Positions (Update1)


By Kevin Reynolds and David Mildenberg

Dec. 11 (Bloomberg) -- Bank of America Corp., the third- largest U.S. bank, said it plans to cut 30,000 to 35,000 positions over the next three years because of its acquisition of Merrill Lynch & Co. and the weak economic environment.

The final number of job cuts won’t be decided until early next year, the Charlotte, North Carolina-based company said in a statement today. The takeover of the New York-based investment bank is expected to be completed later this month.

The cuts will occur throughout the companies, affecting all lines of businesses and staff units, Bank of America said

[TreasonousBastard]

1. If we get five more threads on this, we may make quota.