Bank Of America Layoff News 2024. After announcing its fourth quarter results last week, bank of america is due to announce its bonuses next week and when it does, there may be. Bank of america is planning to cut jobs in its investment bank, bloomberg news reported on thursday, which would add the lender to a growing list of wall street firms to that.
Collectively, the big wall street banks cut at least 30,000 staff. Moynihan added that bank of america has managed headcount very carefully in recent years and has been able to move employees around from one department to another to.