LOS ANGELES — Bank of America is preparing to slash 40,000 or more jobs nationwide, a dramatic retrenchment that reflects the deepening woes of the country’s largest bank and the magnitude of the U.S. economic slowdown.
The layoffs will come mainly from the Bank of America’s sprawling consumer-banking operations. The bank’s workforce numbers nearly 300,000.
Saturday, September 10, 2011
Bank of America retrenches, plans to cut 40,000 jobs - The Washington Post
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