CHARLOTTE, NC (Deon Roberts/The Charlotte Observer) –
Bank of America continues trimming its workforce, with recent cuts focusing on highly paid managerial positions, the Charlotte-based company disclosed Monday.
The bank eliminated 2,667 positions in the second quarter, the latest reductions as CEO Brian Moynihan remains focused on slashing expenses. Following the cuts, the bank has 210,516 employees, down by more than 6,100 from a year ago, the company announced in its second-quarter earnings report. Continue reading “Bank of America cuts more than 2,600 jobs”