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]
Layoffs Watch '16: Bank Of America Giving Traders The Ax
The cuts are said to be going down in the U.S. circa now.
Layoffs Watch '16: Bank of America Not Done Axing People
Brian Moynihan casually mentioned future cuts to shareholders today.
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Brian Moyihan will miss you all, every one of you.
Layoffs Watch '15: Bank Of America Thinking You Can't Teach An Old Bull New Tricks
A Merrill bull that is.
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.