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via MoneyBlogNewz
via MoneyBlogNewz
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Update: Bank of America to Cut 40,000 Jobs and Close Branches Nationwide

Meeting at its corporate HQ in North Carolina, Bank of America's Board of Directors and top executives have decided to eliminate at least 40,000 jobs, mostly in California, and close a number of branches all over the country.

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Justin Sullivan, Getty Images
Justin Sullivan, Getty Images
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Bank of America May Cut 40,000 Jobs

Top executives at Bank of America are meeting today to talk about eliminating roughly 40,000 jobs during the first wave of a restructuring that aims to reduce the bank's workforce of 280,000 over a period of years.

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