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“We’ve said no layoffs for this year and we’ll stick by that,” Chief Executive Officer Brian Moynihan said Thursday.
October 2 -
The majority of job cuts are in corporate departments, with little impact to advisors or client service roles, the firm says.
September 15 -
The bank is under growing pressure to lower costs.
August 21 -
The cuts are among the first under new CEO Kentaro Okuda, who since taking the reins has said an existing $1.3 billion restructuring plan is no longer enough.
July 29 -
The shift comes after the bank reported its first quarterly loss since 2008.
July 15 -
Investment advice firms netted hundreds of millions of dollars. Here’s where they’re based, what lenders they turned to, and more.
July 9 -
The move would potentially set a bleak precedent for an industry that’s been resisting mass layoffs as the coronavirus pandemic worsens.
July 9 -
The firm’s CEO told staff there would be no headcount reduction in 2020 even as other industries have furloughed workers in droves.
April 2 -
It’s the second straight year that Cliff Asness’ quant firm is announcing layoffs.
January 9 -
The changes are the firm's latest steps in a broad reorganization of its wealth management business since it hired Iqbal Khan from rival Credit Suisse.
January 7