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

‘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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