Bank Of America Layoff News 2024 Update

Bank Of America Layoff News 2024 Update. Jpmorgan chase and bank of america , the two largest u.s. Started telling executives to pause hiring except for the most vital positions, as it tries to keep a lid on costs and prepare for a possible economic.

Bank of america ceo brian moynihan said tuesday that he would reduce employee levels by allowing positions to go unfilled as employees voluntarily depart. Is planning to cut jobs in its investment bank, one of the last major holdouts to bow to expense pressures that have left no one immune.