Bank of America will cut about 30,000 jobs as part of a broad restructuring plan aimed at slashing costs at the embattled U.S. banking giant, the company said on Monday. The cuts, which represent about 10 per cent of BofA's workforce, will be carried out ‘over the next few years', the bank said in a statement.
This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every
month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
You have read {{data.cm.views}} out of {{data.cm.maxViews}} free articles.
This is your last free article.