Bank Of America Layoffs Today 2024 Layoffs

Bank Of America Layoffs Today 2024 Layoffs. Industry executives acknowledged the challenges in navigating the changing rate environment. Jpmorgan chase, bank of america, and citigroup all saw profits drop in q4 thanks to higher interest rates and increased costs the fall of silicon valley bank.

Bank of america cut 5,000 people, or actually 7,500 people when you consider that it also hired 2,500 students as per the chart below. Job losses in finance could pressure the broader u.s.