Layoffs Watch: B of A

The House Of Corbat is preparing to say some tough goodbyes.

Cuts are said to be going down in New York.

As promised, new CEO Mike Corbat will be firing a few thousand people as part of the bank's weight reduction program.

Cuts are said to be coming next week. "FYI: Layoffs next week at Macquarie in New York, mostly at the SVP and MD level, right before their FY-end. Not much in terms of bonus pool given weak deal flow." Related(-ish): Macquarie Bank Miranda Kerr Enthusiast On A Time Out ‘Til Superiors Decide What To Do With Him