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Bank of America layoffs to hit 30,000: Report
[Straits Times] US banking giant Bank of America is mulling boosting its layoffs to 30,000, triple what was already in the works, the Charlotte Observer, the newspaper of the bank's hometown, said on Friday.That would mean slashing more than 10 per cent of its workforce, the Observer said, citing unnamed sources in the country's largest bank. 'The Charlotte-based bank could potentially shed 25,000 to 30,000 jobs over several years, the sources said,' according to the report. 'Executives are still working on final plans.' Posted by: Fred 2011-09-03 |
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