‘We never lay off people’: This is how Bank of America’s CEO programs to minimize employee ranges

Vital Details

Goldman Sachs and Morgan Stanley have reduce employees in advance of a possible financial downturn, but Lender of The usa CEO Brian Moynihan and his CFO have reported they really don’t see the need for layoffs.
That does not indicate Financial institution of America’s head depend will not likely shrink as it seems to be to slice expenditures.
“We’re up to about 215,000 [employees] we require to operate that back down,” he said Tuesday.

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