Wednesday, December 17, 2008

Bank of America to cut 35000 jobs over 3 years

The present dismal state of our economy and the recent merger with Merrill Lynch has coerced Bank of America (NYSE: BAC) into a decision of trimming down up to 35,000 jobs over a period of 3 years to stay in shape. America lost over half a million jobs in November alone and this announcement from BOA shows that things might get worse before we see any real improvements. More so since BOA is

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