Bank Of America Set To Fire 8,000 As Banker Layoffs Accelerate

Bank Of America Set To Fire 8,000 As Banker Layoffs Accelerate:

Bank of America has announced that it will fire as many as 8,000 employees within its consumer division the FT reports.The core reason given for the headcount reduction in this instance is that digital banking is picking up the pace, and has reduced the need for “back office staff” and bank tellers.

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