Thursday, December 11, 2008

Bank of America to cut up to 35,000 jobs | U.S. | Reuters

"Bank of America announced its cuts less than four weeks after Citigroup Inc set plans to eliminate 52,000 jobs, or 15 percent of its workforce, by early 2009...

...Other financial companies to cut jobs in recent months include Goldman Sachs Group Inc, JPMorgan Chase & Co and Morgan Stanley. Bank of America previously said it would cut 7,500 jobs following the July 1 purchase of mortgage lender Countrywide Financial Corp."

Didn't the U.S. of part of A. taxpayers bail out these bastards to the tune of some $185 billion? And this is what the bailout gets Us, another ugly blip for Our unemployment figures?

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