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Bank of America Reducing Workforce by 3,500

August 19, 2011

Bank of America Reducing Workforce

As reported by CNN money “Bank of America is cutting 3,500 jobs, on top of thousands of job cuts that have already occurred this year, the company said Friday.” see full article.

One has to wonder how closely related this news is to the recent initiative announced by BOA CEO Brian Moynihan as discussed in the April FMSI blog post Bank of America Will Reduce Its Branch Count by 10 Percent.

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