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Layoffs Watch '09: BAC

The canning campaign begun at Bank of Amerillwide a couple weeks back proceeds at a pace, with the firm set to cut around 4,000 employees from the capital markets biz (likely tomorrow but possibly beginning as early as today.) According to the FT, the reductions in headcount are expected to be relegated mostly to New York, and affect mostly BAC legacy employees. More news as it comes in. Have something to get off your chest (Angelo)? Let us know.
Earlier: Layoffs At BAC