The Next Big Round Of Downsizing Has Started
thestatedtruth.com | August 18, 2011
Bank of America is cutting 3,500 jobs in the current quarter and working on a broader restructuring that could eliminate as many as ten thousand positions. Additional reductions are being discussed as part of an overhaul known as “Project New BAC,” after the Charlotte, N.C., bank’s ticker symbol. Sources close to the situation say as many as 10,000 jobs are […]
