Bank of America to Cut 4,500 More Jobs

[Renew Deal]

NEW YORK (Reuters) - Bank of America Corp. (BAC.N: Quote, Profile, Research) on Thursday said it would increase the number of jobs it will cut by 36 percent to 17,000 after its acquisition of FleetBoston Financial as it simplifies operations.
The extra 4,500 job cuts will begin this month, the bank said.

The company will see costs of $150 million in severance payments over the next three quarters beginning with the third quarter of 2004.

The bank, which currently employees 178,000 people, said the cuts will occur across the company but primarily in non-customer contact or support positions.
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http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=6442412

[OneBlueSky]

1. is there a website that keeps a running tally . . .

of all these layoffs and downsizings? . . . there sure are a lot of them lately, and these are likely good jobs that will never return . . . good debate ammo . . .