THE BASIS POINT

Bank of America To Cut 3% of Workforce

 

Yesterday, we started to explore what’s next for BofA after the Countrywide deal closes. That was more in the context of loan products and distribution channels, and we’ll continue to report on that going forward. For today, it was announced that BofA would cut 7500 jobs after the deal closes, with most cuts coming in the third quarter and focused on staff positions.

 

WANT TO OUTSMART YOUR FRIENDS?

GET OUR NEWSLETTER

Comments [ 0 ]

WHAT DID WE MISS? COMMENT BELOW.

All comments reviewed before publishing.

four × three =

x