Location: Charlotte, North Carolina, USA.
Department affected: various departments.
Based on news reporting.
Bank of America Corporation has announced the layoff of approximately 2,000 employees as part of its restructuring efforts aimed at improving operational efficiency. The job cuts are set to affect various departments within the company, primarily in its Charlotte, North Carolina headquarters. This decision comes in response to ongoing economic pressures and the need to streamline operations. The layoffs are expected to take effect on October 1, 2023, as the bank seeks to adapt to changing market conditions and enhance its competitiveness. Bank of America has emphasized its commitment to supporting affected employees during this transition.
Bank of America Corporation cut 2,000 jobs affecting its various departments team as of October 1, 2023.
That is roughly 0.9% of the 213,000 people Bank of America Corporation employs.
LayoffTalk has tracked 9 layoff events at Bank of America Corporation since October 2023, affecting a combined 2,700 employees.
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