Bank Of America Layoffs 2025 Job Listings. Bank Of America Layoff Report 2024 Lotta Auberta NEW YORK, March 11 (Reuters) - Bank of America (BAC.N), opens new tab has eliminated 150 junior banker jobs in its investment bank, two sources familiar with the matter told Reuters on Tuesday. However, these numbers seem unrealistic for outright layoffs given Bank of America's historical approach and public stance.
Bank Of America Layoffs 2024 Job List Carol Cristen from lilahqbobbette.pages.dev
However, these numbers seem unrealistic for outright layoffs given Bank of America's historical approach and public stance. Given that BofA has long had a mantra of avoiding cuts by gently freezing hiring and waiting for natural staff attrition to take its course, the layoffs seem to have taken some people at the bank by surprise.
Bank Of America Layoffs 2024 Job List Carol Cristen
As we've reported, it's cutting junior bankers, it's cutting senior bankers and it's cutting specialist equities salespeople. One Nomura technologist said they were laid off in June for "cost-cutting" reasons. The bank, which has six offices in the country, leased a 1.1m square foot office space in Chennai back in December
Bank of America plans investment bank layoffs Fortune. (NYSE: BAC) has trimmed 150 junior positions in its investment banking division. Goldman Sachs ( GS +0.97% ) is also planning to lay off between 3% and 5% of its workforce following performance reviews, Reuters said .
Bank Of America Layoffs 2024 Job List Carol Cristen. Bank of America cuts investment banking jobs amid market uncertainty, reflecting a broader trend of layoffs as Wall Street faces a slowdown in dealmaking. FILE PHOTO: A Bank of America logo is seen on the entrance to a Bank of America financial center in New York City, U.S., July 11, 2023