Bank of America Announces Job Cuts Amid Restructuring Efforts
SOURCENews reportView the filing ↗
What we know
Location: Charlotte, North Carolina, USA.
Department affected: various departments.
Based on news reporting.
Summary
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.
LayoffTalk has tracked 10 layoff events at Bank of America Corporation since March 2025, including 170 jobs documented in official WARN filings, with 9 additional events known from news reporting.
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