Bank of America Cuts Top Jobs at Most Banks: Chart of the Day
13.09.11
(GRAPHIC: COD_BAC_JOB_CUTS_091311. CHART OF THE DAY. Size: 2C X 4in. (96.0 mm X 101.6 mm) Expected by 15:00.)
Sept. 13 (Bloomberg) -- Bank of America Corp. is getting rid of more employees in the next few years than most of its largest U.S. competitors have working for them.
The CHART OF THE DAY shows how the 30,000 jobs that the country's biggest bank will eliminate compares with the number of employees at companies in the KBW Bank Index, according to data compiled by Bloomberg. The job cuts represent the biggest single workforce reduction by a U.S.-based company so far this year, according to consulting firm Challenger Gray & Christmas Inc., and is the biggest by a bank since HSBC Holdings Plc said last month it plans to cut 30,000 positions by the end of 2013.
Source: BusinessWeek