Brian Moynihan: There Will Be Layoffs

He's not sure who and he's not sure how (many), but apparently cuts are a comin' in 2016.
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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]

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