The New York Post is reporting that Bank of American has begun a deep round of layoffs which includes the bank’s “rank and file staffers” in its investment bank and capital markets sectors.
Many of those slots are in New York, but Charlotte has exposure in those areas as well. With 35,000 as the target number, it is unlikely local BofA jobs will escape further cuts.
Besides, I’ve been told that traffic the past two days in Charlotte has been abnormally light, as if thousands of commuters did not have a job to return to in 2009.
Update: More ML execs flee BofA, Moody’s cuts credit ratings — it is a frickin’ party!
