Bank of America Corp., the lender that cut more than 10,000 jobs last year, will reduce the number of employees in 2016 as it seeks to lower costs amid declining revenue, Chief Executive Officer Brian Moynihan said. “We took down the headcount by 2,000 in the fourth quarter,” Moynihan said Thursday in a Bloomberg TV interview from the World Economic Forum in Davos. He declined to say how many jobs would be cut this year, “but it will be lower than it is now.” [Bloomberg]
Brian Moynihan: BofA Execs Might As Well Have The Phrase "Always Be Firing" Tattooed To Their Faces
It's basically the mantra of the company, so.